Maoye Commercial intends to buy 38.24% equity interest in Shenzhen Youyi E-commerce Co Ltd for CNY218.2m ($33.8m).
Shenzhen Youyi owns UGOCCAM and Fleur Wood women’s fashion brands.
The transaction will enable Maoye to leverage Shenzhen Youyi’s e-commerce experience.
MediaMarktSaturn (Media-Saturn-Holding GmbH) has agreed with SAFMAR Group to acquire a 15% stake in PJSC M.video (M.video) for €258m ($298.9m).
MediaMarktSaturn will also transfer its Russian operations combined within MediaMarkt Russia to SAFMAR, under the agreement.
Future Pet Animal Health Inc (FuturePet) has completed the acquisition of GoFetch Technologies Inc (GoFetch.ca) for an undisclosed sum.
GoFetch’s 30 employees will join FuturePet’s team and the company will become an independent brand and wholly controlled subsidiary of FuturePet.
Online fashion retail firms Spree and Superbalist have announced a proposed merger to form a new joint online fashion platform.
Naspers owns 53.5% of Takealot, which owns 100% of Superbalist and 85% of Media24, which holds 100% of Spree.
Media24 will hold 51% stake in the newly merged entity, while Takealot Group will own the remaining 49%.
Brightstar Corp intends to acquire Next Wireless Group for an undisclosed sum.
Based in the US, Brightstar is a mobile services firm that simplifies wireless technology, while Next Wireless a global technology company engaged in online sales of new and used devices.
Next Wireless will handle the business-to-consumer (B2C) e-commerce channel for Brightstar’s global sales of used wireless devices and services through online marketplaces, as well as the Next Wireless sales platform.
The acquisition will enable Brightstar to raise its consumer confidence in online shopping of used smartphones.
Bain Capital Private Equity has entered an agreement with Charlesbank Capital Partners LLC and Partners Group Holding AG to acquire Varsity Brands Inc for $2.5bn, including assumption of the target company’s debt.
Charlesbank Capital Partners is a private equity firm, while Partners Group is a private market investment management company based in Switzerland.
All the three entities Charlesbank Capital Partners, Bain Capital Private Equity, and Varsity Brands are based in the US.