1. News
May 25, 2018updated 24 May 2018 11:39am

Deals this week: PANDORA, Home24 SE, Jinguo Zhou

PANDORA A/S has entered an agreement with Fitzpatrick Holdings Ltd to acquire its store network in Ireland for €23m ($27.04m).

PANDORA A/S has entered an agreement with Fitzpatrick Holdings Ltd to acquire its store network in Ireland for €23m ($27.04m).

Founded in 1982, PANDORA is a Denmark-based manufacturer and marketer of hand-finished and contemporary jewellery, which is available in more than 100 countries in six continents. BJ Fitzpatrick is a jewellery distributor and retailer based in Ireland.

The transaction will enable Pandora to enter the Ireland market, as well as increase its owned and operated retail stores in key markets.

Home24 SE intends to raise approximately €200m ($236.08m) through an initial public offering of shares.

Based in Germany, Home24 is an e-commerce platform, which provides online retail services for furniture and household products.

Berenberg Art Advice GmbH, Citigroup Inc, and Goldman Sachs International are the joint global co-ordinators and joint book-runners for the transaction.

The firm intends to use the funds to introduce the go-to-market approach in all its existing geographies and invest in growth opportunities, property, equipment and technology, and to repay its outstanding liabilities.

Jinguo Zhou, the founder and CEO of Jaoboo Fashion Group International, has entered an agreement with Etam Developpement SCA to acquire its Chinese ready-to-wear (RTW) business.

Jaoboo Fashion Group is a garment company based in Hong-Kong, while Etam Developpement is an apparel and accessories retailer based in France.

“The transaction will enable Valvoline to increase its current quick-lube network to more than 1,200 company-owned and franchised locations.”

BDA Partners is the financial advisor, while Sidley Austin LLP is the legal advisor to Etam.

Jinguo Zhou will look after Etam’s Chinese RTW activities, upon completion of the transaction.

Mattel Inc has reached an agreement to raise $500m through a private placement of senior notes.

The notes will pay a fixed annual coupon rate of 6.75% until they mature in 2025.

Based in the US, Mattel is a producer of children’s toy products.

The proceeds are intended to be used by the company to redeem and retire all of its 2.350% senior notes due 2019.

Spectacular Investment Pte Ltd has entered an agreement with Future Lifestyle Fashions Limited to invest Rs1702.9m ($25.1m).

Spectacular Investment is owned by L Catterton Asia 3 Pte Ltd, while Future Lifestyle Fashions is an apparel manufacturer and retail stores operator based in India.

Izyshop SA has raised funds through venture funding from DHD Holding, in order to expand its products and services.

Based in Mozambique, Izyshop is an online supermarket operator.

Valvoline has signed a definitive agreement to acquire the business assets of Great Canadian Oil Change.

Based in the US, Valvoline is a marketer and supplier of premium-branded lubricants and automotive services in more than 140 countries.

Great Canadian Oil Change franchises 73 quick-lube stores in five Canadian provinces.

The transaction will enable Valvoline to increase its current quick-lube network to more than 1,200 company-owned and franchised locations.

Global Partners has agreed to acquire 61 retail fuel and convenience store assets of Champlain Oil for an undisclosed sum.

Based in the US, Global Partners is an operator of gasoline stations and convenience stores. The company operates in 1,500 locations and offers petroleum products and renewable fuels in the northeast, including New England and New York.

The acquisition includes 37 company-operated gas stations with Jiffy Mart-branded convenience stores in Vermont and New Hampshire, as well as 24 owned and leased sites comprising lessee dealer and commission agent locations.

The transaction also includes fuel supply agreements for 70 gas stations in Vermont and New Hampshire.