Irish firm in online sale

Dublin-based online shopping and e-business software specialist Buy4Now, has sold its US business interests and restructured its capital in a deal worth £8.4 million.


Dublin-based online shopping and e-business software specialist Buy4Now, has sold its US business interests and restructured its capital in a deal worth £8.4 million.

Dublin-based online shopping and e-business software specialist Buy4Now, has sold its US business interests and restructured its capital in a deal worth £8.4 million.

Buy4Now’s US business has been acquired by US group MyWebGrocer for an undisclosed amount.

Michael Veale, co-founder and sales director of Buy4Now, has been appointed chief executive, stating that he will re-focus the group on its core Irish, UK and mainland European markets.

Ali Murdoch, former chief executive of Buy4Now said: “The sale of Buy4Now USA represents particularly good value and provides an excellent result for all our shareholders who have seen a strong return on their initial investment. It is particularly gratifying to note that we have consistently delivered on our strategic ambitions, our profit targets and development.”

He added: “I will be maintaining an active interest as an investor, and have every confidence that the new management team will enjoy continued success in the future.”

Marc Barber

Raven Connelly

Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses.

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