1. News
May 25, 2018updated 24 May 2018 2:18pm

M&As this week: Sharing Services, Oxford Financial Group, Banjo & Matilda

Sharing Services Inc has agreed to acquire 100% management control of Legacy Direct LLC.

Sharing Services Inc has agreed to acquire 100% management control of Legacy Direct LLC.

Sharing Services is a diversified holding company specialised in the direct selling industry, while Legacy Direct is a television and radio broadcast network company.

The acquisition will enable Sharing Services to develop its training and marketing capabilities.

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

Oxford Financial Group Ltd has completed the acquisition of Innovative DisplayWorks Inc for an undisclosed sum.

Oxford Financial Group is an investment management company, while Innovative DisplayWorks provides custom refrigeration and point of purchase display solutions.

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

Amherst Partners LLC is the financial advisor to Oxford Financial Group for the transaction.

Banjo and Matilda Inc has agreed to acquire Spectrum King LED for an undisclosed sum.

“SoftBank has invested close to $2.5bn in Flipkart through its Vision Fund, and is expected to make approximately $4bn through the latest deal.”

Founded in 2009, Banjo and Matilda is a publicly traded holding company, while Spectrum King LED is a producer and seller of high-end LED grow lights for indoor and greenhouse applications.

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

L Catterton Asia intends to acquire a 10% stake in Future Lifestyle Fashions (FLFL) through a combination of preferential allotment and secondary purchase of shares.

L Catterton Asia is a consumer-focused private equity company, while FLFL is an integrated branded fashion retailer based in India.

FLFL markets 30 fashion brands and operates more than 400 stores under Central and Brand Factory banners.

The partnership will enable FLFL to use the investment and global fashion and retail expertise of L Catterton to fortify and expand its business. It will also allow both the companies to improve shareholder value created in partnership with Premji Invest, a private equity investor.

SoftBank, an internet and telecom group based in Japan, intends to dispose its 21% stake in Flipkart to Walmart.

SoftBank has invested close to $2.5bn in Flipkart through its Vision Fund, and is expected to make approximately $4bn through the latest deal.

Walmart intends to expand its online retail business in India to become a publicly listed company, upon completion of the deal.

dunnhumby has completed the acquisition of Aptaris Software for an undisclosed sum.

dunnhumby is a customer data science firm, while Aptaris Software is an enterprise marketing and promotions management company.

The customer data science of dunnhumby will be combined with Aptaris solution to offer retailers a single end-to-end promotions management platform, as part of the deal.

The solution uses dunnhumby’s customer data science-driven forecasting, along with Aptaris’ workflow and vendor management.

It will enable retailers to plan, deliver and measure every promotion within merchant and vendor teams.