Deals this week: Story-I Limited, Salem Partners, Vyze
Story-I Limited has reached an agreement to acquire eStore Group’s business and assets.
The purchase consideration for the transaction will be A$1.9m ($1.49m).
Both the companies involved are based in Australia.
Story-I Limited is a reseller and retailer of IT lifestyle products.
The assets to be acquired include seven Apple Premium or Authorised Reseller stores and four Apple Authorised Service Centres in Jakarta, Yogyakarta and Bandung. The fixtures and fittings, security deposits and prepaid rentals and inventory of the stores will be included in the acquisition.
US-based investment banking firm Salem Partners has sold a Walgreens store in Honolulu, Hawaii.
The store was purchased by a Korean investment firm for $42.25m.
Walgreens is a drugstore chain with presence across the US.
Vyze has secured $13.1m in a Series C venture capital financing round led by Austin Ventures.
Vyze provides cloud-based financial technology solutions for retailers.