M&As this week: Greencross Limited, DSW, Mentha Capital

9 November 2018 (Last Updated November 13th, 2018 10:59)

Greencross Limited has agreed with Vermont Aus Pty Ltd to acquire 100% shares of Greencross.

Vermont Aus Pty Ltd has acquired 100% shares of Greencross Limited.

Shareholders of Greencross are entitled to receive A$5.55 ($4) a share under the scheme implementation agreement, representing a premium of 22%.

The transaction holds an equity value of A$675m ($489m) and an enterprise value of A$970m ($703m).

Greencross Limited is Australia’s leading pet care company that manages specialised doctors and pet retail stores.

DSW has acquired the operations of Camuto Group brands for $341m.

The purchase consideration includes $57m for a 40% stake in the intellectual property and $181m for the operations of Camuto Group.

DSW will take over the entire global production of Camuto Group, including design infrastructure, sourcing, operations in China and Brazil, and a new distribution hub in New Jersey, US. The deal also covers the working capital comprising new branded inventory and accounts receivable.

“Mentha Capital has completed the acquisition of a majority stake in Lucardi Juweliers Nederland BV.”

DSW also acquired a 100% stake in the intellectual property of Camuto Group brands in a partnership with Authentic Brands Group (ABG) in October 2018.

Footwear retailer DSW and shoe design and distribution source Camuto Group are both based in the US.

Mentha Capital has completed the acquisition of a majority stake in Lucardi Juweliers Nederland BV.

Mentha Capital is a private equity firm operating independently in metals, while Lucardi Juweliers Nederland BV is a jewellery chain based in the Netherlands.

Cigargrams.com has acquired the brands of Tobaccogram.com and Tobaccograms.com.

Based in the US, Cigargrams.com is a social media publishing house that offers tools to cigar business retailers and consumers.

Tobaccogram.com and Tobaccograms.com are involved in US tobacco and cigar businesses.