musicMagpie eyes further growth: Sempora advises on new investment

Sempora advises NVM Private Equity on their investment in Entertainment Magpie

Sempora has provided market and commercial due diligence in support of NVM Private Equity’s significant development capital investment in Entertainment Magpie Group. The investment in the business, which trades as, will enable Europe’s most popular recommerce website to support its continued growth plans both in the UK and the USA. has over 3 million users in the UK and offers a simple way for customers to sell and trade in electronics, providing cash for unwanted CDs, DVDs, phones and games. The investment by NVM will allow the business to launch a new ‘faster payment’ option for consumers, who will be able to receive same day payment for items.

The deal will also see the exit of LDC from the business, whose 2011 investment in the recommerce business enabled its expansion to the US, where it now runs the Atlanta-based ‘’ website.  

For further information please email  Francis Prosser

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