1. News
February 1, 2019

Deals and M&As this week: Clovia, NutriTap, Walgreens

China Grand Automotive Services has raised $300m through the issue of bonds. The bonds will pay a semi-annual coupon rate of 7.9% per annum, until they mature on 9 February 2020.

China Grand Automotive Services has raised $300m through the issue of bonds.

The bonds will pay a semi-annual coupon rate of 7.9% per annum until they mature on 9 February 2020.

China International Capital Corporation, Orient Securities International Holdings, Morgan Stanley, and Standard Chartered Bank were the book runners for the debt offering.

China Grand Automotive Services is a passenger car dealer that offers new and second-hand cars and spare parts, as well as repair, maintenance, and rental services.

NutriTap has raised Rs20m ($282,000) through a seed funding round.

The financing round was led by the senior members of Google, McKinsey, and angel investor Apoorva Patni and Sameer Khetarpal.

Content from our partners
Advanced analytics and predicting market trends in FMCG
How smart predictive analytics is shaping product development
Data analysis in the brave new world

NutriTap is a food and beverage retailer based in India.

Walgreens will buy 63 pharmacy stores from Shopko through a bankruptcy auction. Shopko is expected to generate $52m through the transaction.

The auction was held at the offices of Kirkland and Ellis in January 2019 and is subject to the approval of the court.

Shopko and its subsidiaries filed voluntary petitions to the United States Bankruptcy Court in Nebraska, for a financial restructuring under Chapter 11.

“Clovia has secured approximately $10m in a Series B venture financing round held on 25 January 2019.”

Based in the US, Walgreens is the second largest pharmacy store chain in the country, while Shopko is a chain of retail stores.

Huidu Environmental Technology (Shanghai) Co has secured CNY100m ($14.55m) on 29 January 2019, through a Series A funding round. The funding round was led by Bojiang Capital and participated by Beijing Yi Road Capital Management and Gemboom Investment.

Based in China, Huidu Environmental Technology is engaged in research and development of recycling packaging materials.

Clovia has secured approximately $10m in a Series B venture financing round held on 25 January 2019. The funding round was led by AT Capital and was joined in by Ivy Cap Ventures and certain other private investors.

lovia is a lingerie brand founded by Pankaj Vermani based in India.

Bygghemma has completed the acquisition of 95% stake in Designkupp AS (VVSKupp).

Bygghemma will continue to operate Designkupp AS in the form of an independent organisation within the DIY section in Norway.

Based in Sweden, Bygghemma is an online retailer of home improvement products, while Designkupp is a Norwegian online retailer of bathroom products.

GrandVision has agreed to acquire Charlie Temple for an undisclosed sum.

Charlie Temple will utilise the local and global synergies being offered by GrandVision for operating as an independent business entity.

Based in the Netherlands, GrandVision is an optical retailer, while Charlie Temple is an online retail chain with operations in the Netherlands and Belgium.

Sator Private Equity Fund has acquired the remaining 16% stake in L’Autre Chose.

Sator Private Equity Fund is a private equity fund, while L’Autre is a retailer of apparel, accessories, and footwear for women.

Both companies involved in the transaction are based in Italy.

Topics in this article: