1. News
September 14, 2018

Deals this week: Adidas, Honasa Consumer, YCloset

Adidas AG has secured €500m ($581.47m) in a public offering of senior notes.

Adidas AG has secured €500m ($581.47m) in a public offering of senior notes.

The notes will pay a fixed annual coupon rate of 0.05% until they mature on 12 September 2023.

The selling price of the bonds was 99.415% on the principal amount.

Based in Germany, Adidas is a producer of sports lifestyle products, including footwear, apparels, and sports goods such as shoes, bags and balls.

Honasa Consumer Pvt Ltd (Mamaearth) has raised $4m through a series A funding round led by Stellaris Ventures Partners.

The funding round has also involved participation from Fireside Ventures, Rishabh Mariwala, Kunal Bahl, and Rohit Bansal.

Honasa is a producer of online baby care products, while Stellaris is a venture capital firm.

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

“The deal enables STF Group to allow its merchandising planners to organise their assortment plan for business evaluation.”

YCloset has secured an undisclosed amount through a funding round led by Alibaba Group Holding Ltd.

YCloset is an online women’s clothing rental platform, while Alibaba is a global retail major.

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

STF Group has joined forces with Oracle Retail for installation of a planning and optimisation cloud service across its stores.

Based in Colombia, STF Group is a fashion retailer, offering apparel, footwear, handbags and accessories through online platform boutiques and certified wholesalers.

The cloud service enables STF Group to benefit from cost transparency while buying, and also to identify key performance indications.

The deal enables STF Group to allow its merchandising planners to organise their assortment plan for business evaluation.

Accent Food Services has completed the asset acquisition of Central Vending Services for an undisclosed sum.

Founded in 1994, Accent Food Services is a vending company offering break room refreshment services, while Central Vending Services is a vending machine supplier.

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

Naaptol intends to raise Rs1.09bn ($15m) through a bridge funding round from Mitsui & Co, JP Morgan, and New Enterprise Associates (NEA).

Based in India, Naaptol is an e-commerce shopping platform for men and women’s clothing, footwear, bags, mobiles, tablets, computers, as well as home and kitchen appliances.

The firm has raised Rs726m ($10m) to date.

Pioneer Corp has raised JPY60bn ($538.18m) through a funding round led by Baring Private Equity Asia (BPEA).

Based in India, BPEA is a financial services provider, while Pioneer is a Japanese producer, developer and seller of electronic products.

Pioneer will receive JPY25bn ($223.5m) in a bridge loan, which will be paid back upon the issue of stock, as part of the transaction.