Deals this week: Ocado Group, Deutsche Asset Management, Kay Platinum Chuan
Ocado Group intends to raise £350m ($445.78m) through a private bond placement in order to fund its capacity expansion and software development.
Based in the UK, Ocado Group is an online supermarket operator.
US-based investment management company Deutsche Asset Management has acquired a fashion house asset portfolio, including three shopping outlets in Warsaw, Gdansk and Sosnowiec, Poland.
The assets were sold by a fund managed by German real-estate and private equity investment company Peakside Capital Advisors.
Kay Platinum Chuan and Beijing Hualian Hypermarket have reached an agreement for the former to acquire the latter’s supermarket.
The asset to be acquired is valued at CNY294m ($43.27m).
Beijing Hualian Hypermarket operates supermarkets, hypermarkets and departmental stores.
Both the companies involved in the asset transaction are based in China.