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Bluegem Capital buys back UK retailer Mamas & Papas – administrator

(Adds sale details)

Nov 8 (Reuters) – British nursery retailer Mamas & Papas Retail was sold to private equity firm Bluegem Capital Partners, administrator Deloitte said on Friday, leading to the shutdown of six loss-making stores and 73 job losses.

The news comes three days after baby products retailer Mothercare said it would shut all its British stores.

Mamas & Papas sells pushchairs, car seats, furniture, clothing and other nursery products.

Deloitte said the retailer was sold through a pre-pack administration to Bluegem Capital Partners, which ultimately owned the parent company Mamas & Papas Group.

A pre-pack administration enables the company to sell itself or its assets before it appoints administrators who take over the running of the business to protect creditors.

Mamas & Papas is the latest retailer to go under. House of Fraser and Debenhams have also been placed in administration. (Reporting by Samantha Machado in Bengaluru; Editing by Maju Samuel)

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