1. News
January 25, 2019

M&As this week: Chairish, 12 ReTech, SoftBank Group

Chairish has acquired Dering Hall, an online platform that allows interior designers and architects to offer their interior designs and furnishings.

Chairish has acquired Dering Hall, an online platform that allows interior designers and architects to offer their interior designs and furnishings.

Chairish is an online marketplace for vintage furniture, decor, and art.

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

12 RETECH Corporation has signed a definitive exchange of equity agreement for the acquisition of Red Wire Group.

Expected to be closed by 23 January 2019, the transaction is subject to completion of due diligence along with some other details.

Red Wire is an apparel manufacturing company, while 12 RETECH is a software company that helps retailers cope with the threats of Amazon and Walmart in online and offline platforms.

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

SoftBank Group has entered an agreement to acquire approximately 40% stake in FirstCry for $400m.”

SoftBank Group has entered an agreement to acquire approximately 40% stake in BrainBees Solutions Pvt Ltd (FirstCry) for $400m.

The purchase consideration will be paid in tranches and will be linked to certain financial and business performance milestones.

Morgan Stanley is the financial advisor to SoftBank Group for the transaction, which is expected to be closed by the end of January 2019.

SoftBank Group is a leading conglomerate based in Japan, while BrainBees Solutions  (FirstCry) is an Indian online retailer dealing in baby products.

Green Swan has agreed to acquire Maxi Toys with the intention of expanding the latter’s brand by introducing innovative and personalised in-store experience, along with an omni-channel approach.

Maxi Toys’ stores, activities, and logistics operations will be acquired by Green Swan as part of the deal.

The acquisition is subject to approvals from the Maxi Toys works council.

Maxi Toys, a subsidiary of Blokker Holding, is a toys retailer with a presence in France, Belgium, Luxembourg, and Switzerland.

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