At Home Group, an American furniture store chain, has agreed to be acquired by funds affiliated with Hellman & Friedman (H&F) for $2.8 billion in an all-cash deal. As per the terms of the deal, the private equity firm is offering $36 per share for At Home Group’s shareholders. The consideration includes the assumption of […]
Harbor Wholesale has completed its previously announced acquisition of rival US convenience distributor Rich & Rhine Wholesale. Rich & Rhine Wholesale will continue to independently operate from its distribution center based in Portland, Oregon under the leadership of Ron Squires, its current president. The distribution company supplies to convenience stores in the Pacific Northwest. Justin […]
Grupo Carrefour Brasil, a subsidiary of French supermarket chain Carrefour, has agreed to acquire Grupo BIG Brasil, a Brazilian food retailer, from Advent International and Walmart, for R$7.0 billion (€1.1 billion). The consideration consists of 70% in cash and 30% in newly issued shares of Carrefour Brazil. Grupo BIG Brasil has a multi-format network, made […]
British sportswear retailer JD Sports Fashion has signed a conditional agreement for acquiring a 60% stake in Marketing Investment Group (MIG) for an undisclosed price. Marketing Investment Group, which is headquartered in Krakow, Poland, sells a range of sports fashion footwear, apparel, and accessories. The brands it mainly sells are under the Sizeer and 50 […]
Birkenstock, a German shoe manufacturer, has agreed to sell a majority stake to private equity firm L Catterton and its affiliates including Financière Agache. Financière Agache is the family investment company of billionaire Bernard Arnault, who is the chairman and chief executive of French luxury conglomerate LVMH Moët Hennessy – Louis Vuitton. The financial terms of the […]
The Securities and Exchange Board of India (SEBI) has approved the previously announced INR 247.13 billion ($3.39 billion) acquisition of Big Bazaar and other businesses of Future Group by Reliance Retail Ventures (RRVL), a subsidiary of Mukesh Ambani’s Reliance Industries. In its letter of approval, SEBI imposed various conditions in compliance with the Composite Scheme […]
British e-commerce company The Hut Group (THG) has signed an all-cash deal worth $350 million to acquire online skin care retailer Dermstore from Target Corp. Dermstore is a pure-play online retailer of prestige skincare and specialty beauty brands. Hut Group said that the acquisition of Dermstore enhances its four pillars of beauty strategy by significantly […]
US home improvement retailer Home Depot has wrapped up its previously announced $8 billion acquisition of US building products distributor HD Supply. Headquartered in Atlanta, HD Supply is a national distributor of maintenance, repair, and operations (MRO) products. The MRO company is active in the multifamily and hospitality end markets. As per the deal signed […]
British convenience retailer EG Group has signed a binding agreement with OMV Deutschland to acquire a network of 285 petrol station forecourts in Southern Germany for €485 million. The petrol station forecourts are located mainly in the Bavaria and Baden-Württemberg regions. With the acquisition, EG Group will expand its footprint in Germany, where it already […]
Denver-based United Flea Markets has acquired Treasure Aisles Flea Market in Monroe, Ohio for an undisclosed price. The acquisition is the 14th property for United Flea Markets and the first flea market in Ohio. Rob Sieban – President, CEO and co-owner of United Flea Markets said: “Treasure Aisles is a highly appealing property and a […]