Nexus Capital Management acquires FTD's Consumer and Florist Businesses

Last week, FTD (the "Company"), one of the largest online florist and gift companies in the world, was acquired by an affiliate of Nexus Capital Management LP ("Nexus"), a Los Angeles-based private equity firm. The acquisition follows Nexus' winning bid at the auction held on July 31, 2019 for certain assets of FTD Companies, Inc., including the FTD and ProFlowers brands and the FTD florist network.

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