1. News
September 7, 2018

Deals this week: EG Group, Zhejiang Jinke Culture Industry, Green Man Gaming

EG Group has signed an agreement to purchase 225 of TravelCenters of America's Minit Mart convenience stores for $330.8m.

EG Group has signed an agreement to purchase 225 of TravelCenters of America’s Minit Mart convenience stores for $330.8m.

Based in the US, TravelCenters is a full-service travel centre company that intends to use the funds to invest in travel centre initiatives.

Citigroup Global Markets is the financial advisor, while Skadden, Arps, Slate, Meagher and Flom are the legal advisors to TravelCenters for the transaction.

Zhejiang Jinke Culture Industry intends to form a joint venture (JV) with China Yintai Holdings and Suning.com.

The registered capital of the JV will be CNY50bn ($7.32bn).

Zhejiang Jinke is a peroxides producer and seller, while Suning.com is engaged in the sales of household appliances, electronic products, office equipment and communication products, as well as an accessories service.

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China Yintai provides asset custody, restructuring and operation, investment development and agricultural operations.

All of the companies involved in the transaction are based in China.

Green Man Gaming intends to raise £100m ($128.9m) through an initial public offering (IPO).

Green Man Gaming is an e-commerce digital games retailer that offers products for various platforms, including PC, Mac, Sony PlayStation and Nintendo.

Familyone has raised funds through a seed funding round led by Sequoia Capital China.

Familyone is an e-commerce company, while Sequoia Capital is a venture capital firm.

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

The Inside has raised $2.6m through a seed funding round led by Corigin Ventures and Lerer Hippeau.

The Inside is a fashion-forward home furnishings company and direct-to-consumer home decor brand based in the US.

“MediaMarktSaturn Retail Group and Fnac Darty plan to launch the European Retail Alliance (era).”

The funding round has also involved participation from Forerunner Ventures, BAM Ventures and Canaan Ventures.

Draper Oakwood Technology Acquisition (DOTA) has entered a business combination agreement with Reebonz.

Founded in 2009, Reebonz is an online luxury marketplace based in Singapore. It allows customers to buy and sell new and pre-owned products.

Both the firms will become subsidiaries of DOTA Holdings.

Upon completion of the deal, Reebonz will be renamed Reebonz Holding and the combined entity will be led by its existing management team.

Frigelar has signed a three-year contract with Skyfii for the installation of a full suite of IO Platform services in its stores.

Founded in 1966, Frigelar is a white goods retailer based in Brazil, while Skyfii is a data analytics and marketing services firm based in Australia.

Under the contract, Skyfii will install IO Connect (data collection), IO Insight (data analytics), and IO Engage (marketing tools) in 31 retail locations of Frigelar.

The contract is being delivered in partnership with Roof Digital, a marketing agency based in Brazil.

kikki.K has collaborated with Tryzens for the launch of a new online store.

Founded in 2001, kikki.K is a design and stationery retailer based in Sweden. Its products are available across more than 330 major department stores of Nordstrom, John Lewis, and Harrods.

kikki.K has selected Tryzens to offer a modern, complete and flexible platform. Tryzens has provided the required technology for improving customers’ online shopping experience.

The new online store currently delivers orders from 143 countries worldwide.

MediaMarktSaturn Retail Group and Fnac Darty plan to launch the European Retail Alliance (era).

The companies generate €30bn ($34.87bn) turnover a year and have 2.3bn customer contacts.

era will focus on strategic partnerships, data, innovation and sourcing. It will work with manufacturers to develop products, services and solutions for retailers.

The alliance will identify customers’ choices to develop customised products according to their needs.