The first of two acquisitions the Shop Circle group has made out of Array Capital processes
Shop Circle, the London-based operator of e-commerce software brands, acquired 506 Holdings, a UK-based e-commerce app developer, to expand its suite of merchant tools.
Seller · United Kingdom → Buyer · United Kingdom Array Capital acted as 506’s exclusive M&A advisor.
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Anthony Locke & Alex Locke · Co-founders, 506 Anthony and Alex Locke built 506 Holdings into a UK e-commerce app developer serving more than 12,000 clients worldwide.
Shop Circle, the London-based operator of e-commerce software brands, acquired 506 to expand its suite of merchant tools. Array Capital acted as 506’s exclusive M&A advisor through materials, outreach, negotiation and close.
Two years later, the same group returned to acquire Dondy out of another Array process. The strongest reference an advisor can hold is a buyer who comes back.
Materials and data room complete before the first buyer conversation; diligence had nowhere to stall.
Shop Circle told the acquisition story in its own seller-story coverage; the outcome is on the record.
The trust built in this process carried directly into the group’s second acquisition from us.
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