Michelin has completed the acquisition of a 25% stake in Tyreline Distributors and Beau Ideal (trading as Beaurepaires) from Rushbrooke family.
Based in New Zealand, Tyreline Distributors and Beau Ideal are engaged in the marketing of tyres.
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The acquisition enables Michelin to fortify its business for future growth.
Virgin Group and Smollan Group have completed the acquisition of South Africa-based firm wiGroup for an undisclosed sum.
wiGroup provides mobile transaction solutions for retail and hospitality businesses.
Virgin Group is a US-based venture capital conglomerate, while Smollan Group offers diversified marketing services to various industries.
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By GlobalDataSparkle Roll Group has reached a memorandum of understanding (MOU) to buy a 100% stake in Beijing Wenfu Hengye Technology Development.
The transaction will involve a consideration of CNY624.86m ($98.71m), which will be paid by Sparkle through a combination of cash and equity.
Sparkle Roll will pay a refundable amount of CNY20m ($3.15m) to Qi Jian as earnest money.
Kering (formerly PPR SA) plans to dispose of its 50% stake in UK-based Stella McCartney.
Headquartered in Paris, Kering is a designer, manufacturer and distributor of apparel and accessories.
Stella McCartney, a joint venture between McCartney and Kering, designs, manufactures and retails women’s ready-to-wear apparel and accessories.
InRetail Peru has acquired a drugstore firm named Quicorp for $583m.
The purchase consideration was funded through bridge loan financing and third-party equity.
Quicorp runs more than 1,000 pharmacies in Peru and Bolivia, as well as operates 12 distribution centres in Latin America.
The transaction enables InRetail Peru to fortify its operational presence in the pharma industry, stimulate its international expansion strategy and provide better healthcare access to the citizens of Peru.
Hong Kong Misheng Culture has entered an agreement to acquire a 51% stake in JAKKS Pacific for $2.95 a share.
Based in the US, JAKKS Pacific is a manufacturer and retailer of toys, leisure products and writing instruments for children and adults.
Meisheng will fund the transaction through a combination of existing cash in hand and other funding sources.
The acquisition will increase Meisheng’s shareholdings and voting rights to 51%.
