M&As this week: BBX Capital Corporation, Tokyo Base, Signa Retail


BBX Capital Corporation has acquired a 93% stake in US-based candy retailer IT'SUGAR for $57m in cash.

Also based in the US, the acquirer is a diversified holding company.

Tokyo Base plans to purchase a 49.4% stake in LOSCHILD, a clothing and accessories retailer.

Tokyo Base is a retailer of clothing, personal items and miscellaneous goods.

Both the companies involved in the transaction are based in Japan.

"The transaction will increase Hangzhou Liaison’s total stake in the target company to 93.5%."

Germany-based Ecommerce Alliance has sold a 12% stake in luxury fashion platform operator Mybestbrands to Signa Retail.

Based in Austria, Signa Retail operates a chain of department stores.

Chinese online discount clothing retailer Vipshop Holdings has reached an agreement to sell a 4.48% stake in SRP Groupe.

Based in France, the target company is an e-retailer of fashion products.

The sale will be completed through private placement and include the sale of 3.11% voting rights in the target company through the book building process.

Hangzhou Liaison Interactive Information Technology intends to buy an additional 37.8% stake in Newegg, an online retailer based in the US.

The purchase consideration for the transaction is $179.3m.

The transaction will increase Hangzhou Liaison’s total stake in the target company to 93.5%.

Based in China, the acquirer develops a mobile terminal operation system, middleware platform and related application.