Deals this week: Netflix, Carvana, Smyths Toys

27 April 2018 (Last Updated April 26th, 2018 16:11)

US-based Netflix has reached an agreement to raise funds through a private placement of senior notes to supplement working capital and other general corporate purposes.

US-based Netflix has reached an agreement to raise funds through a private placement of senior notes to supplement working capital and other general corporate purposes.

The company intends to raise $1.5bn through the placement.

The proceeds will be used for multiple purposes such as content acquisitions, production and development, investments and potential acquisitions.

Carvana has initiated a follow-on public offering of ten million shares of its Class A common stock priced at $25.31 a share in order to raise $253.1m in gross proceeds.

Carvana plans to sell six million shares of Class A common stock, while the remaining four million shares are proposed to be sold by the selling stockholders.

The company plans to use the proceeds for general corporate purposes.

Based in the US, Carvana operates an e-commerce platform for buying used cars.

Smyths Toys has reached an agreement to acquire the operations of Toys ‘R’ Us in Germany, Austria and Switzerland, with the aim of expanding its presence in Europe.

Smyths Toys will acquire four online stores and 93 shops from the target company, as part of the deal.

The purchase consideration for the transaction is agreed to be €79m ($97.23m).

Smyths Toys is an Ireland-based provider of children’s toys and entertainment products, while Toys ‘R’ Us is an American owner and operator of speciality retail stores.

“Wagokoro plans to use the funds for capital expenditure and business expansion.”

The Sports Edit has raised £1m ($1.42m) through a financing round led by the Justin King and participated by Sue Watson and Ric Lewis.

Based in the UK, The Sports Edit is a retailer of sportswear.

Century Ginwa Company Limited, a subsidiary of Century Ginwa Retail Holdings Limited, plans to raise RMB200m ($31.85m) through a public offering of exchangeable bonds.

The bondholders will be eligible to exchange the bonds during the exercise period for the A-Shares currently held by the issuer.

Based in China, Century Ginwa is a department store operator.

Wagokoro has reached an agreement to raise JPY94.77m ($0.88m) from SMBC Nikko Securities Inc through a private placement of 60,600 shares priced at JPY1,564 ($14.56) a share.

Wagokoro plans to use the funds for capital expenditure and business expansion.

Both based in Japan, Wagokoro is an operator and distributor of apparel stores, while SMBC supplies financial products and services.

Mac & Mia has raised $5m through a Series A financing round from Chicago Ventures, KGC Capital, Corazon Capital and Emerisque Ventures. Mac & Mia has now secured $9m in total funding.

The proceeds are intended to be used to continue Mac & Mia’s expansion in key apparels markets in the US.

Based in the US, Mac & Mia is a children’s apparel services provider delivering goods for toddlers and kids.

InterFocus has raised $47.8m through a Series C funding round led by Chinese venture capitalist Sequoia Capital China.

IDG Capital Partners, Frees Fund and SIG China also participated in the funding round.

Currently trading as PatPat, InterFocus is a US-based daily shopping application for mothers.