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October 26, 2018

M&As this week: UNFI, Caleres, Amazon, Equistone Partners

United Natural Foods (UNFI) has completed an acquisition of Supervalu for $2.9bn.

United Natural Foods (UNFI) has completed an acquisition of Supervalu for $2.9bn.

Supervalu is a supermarket chain, while UNFI is a natural and organic foods distributor. Both companies involved in the transaction are based in the US.

The purchase consideration includes the assumption of outstanding debt and liabilities.

Following the transaction, Chairman and CEO of UNFI Steve Spinner will lead the merged entity.

The acquisition enables UNFI to expand its customer base and presence in various channels, as well as to offer new opportunities through a comprehensive product range.

Caleres intends to acquire Vionic Group for $360m.

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Based in the US, Caleres is a footwear company while Vionic Group is a footwear and footcare products brand.

The transaction enables Caleres to expand its brand range by accessing the contemporary comfort footwear segment.

Wells Fargo Securities is the financial advisor to Caleres for the transaction, while Robert W Baird is the financial advisor to Vionic Group.

Amazon intends to acquire a minority stake of between 7% and 8% in Future Retail for $338m.

“Lazydays Holdings has signed an agreement for the acquisition of Dealer Spike.”

Amazon is an online retail major, while Future Retail is an Indian operator of multiple retail formats, including hyper and supermarket chain Big Bazaar, fbb and Foodhall, Easyday Club and eZone.

Amazon is expected to complete the deal through an investment arm.

Equistone Partners Europe has submitted a binding offer to Groupe Go Sport for the acquisition of Courir for €283m ($325.81m).

Equistone Partners Europe is a leading mid-market private equity investor in Europe, while Groupe Go Sport is a wholly-owned subsidiary of Rallye.

EV Retail has acquired Paminvest SAS for €91.2m ($104.76m).

Based in France, Paminvest operates under the trading name ‘Babou’ and has a chain of 95 stores.

EV Retail is a subsidiary of B&M European Value Retail.

The transaction was funded through a loan facility.

Lazydays Holdings has signed an agreement for the acquisition of Dealer Spike (Tennessee RV Supercenter).

The acquired company will be rebranded as Lazydays RV of Knoxville upon completion of the transaction.

Lazydays Holdings is a provider of recreation vehicle (RV) dealerships, while Dealer Spike is a digital advertising company.

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

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