Private equity firm RJD Partners has sold its majority stake in online body art retailer Barber of Sheffield to Nexus Brands Group, a US business.
The sale delivers an IRR of 92% to investors.
Barber operates a European e-commerce platform selling body art consumables and equipment.
RJD backed the management buyout of the business in 2016. During its ownership Barber invested in people, technology and product development, which produced strong organic sales performance, particularly in continental Europe.
Barber also made two bolt-on acquisitions, The Tattoo Shop and P’tit Rock in France.
Frank Bulman, Partner of RJD, said: “Barber has been an excellent fit with RJD, having created a market leader through further consolidation of a fragmented niche. We wish the business and its team continued success for many years to come.”
Steve Richards, Chair of Barber, added: “It has been a pleasure to chair such a dynamic and forward looking company and it now has the opportunity to capitalise on the investments made and accelerate its development, particularly overseas.”