Deals this week: Hanesbrands, Smartivity Labs, Home Craft

19 May 2016 (Last Updated May 19th, 2016 18:30)

Hanes Finance Luxembourg has announced that it will offer unsecured notes worth $509.27m and due 2024 through a private offering.

Schand Books

Hanes Finance Luxembourg has announced that it will offer unsecured notes worth $509.27m and due 2024 through a private offering.

The amount raised through the offering, cash on hand and future debt financings, will be used by apparel retailing company Hanesbrands the parent company of Hanes Finance, for acquiring the apparel brand Champion Europe and Australian consumer products company, Pacific Brands.

India-based toy manufacturing company Smartivity Labs has raised $1m through pre-series A round of funding, with the aim of growing its product portfolio.

The seed funding was led by Indian book publisher S.Chand & Company and venture capital firm, AdvantEdge Partners.

The funding also received participation from CFG Offshore Holdings, Tandem Management Services and a few individual investors.

Home Craft Online, owner of home décor e-commerce company BedBathMore.com, plans to further expand its technology in order to grow its business using the received funds from investment firms AB Kinnevik and Rocket Internet SE, based in Sweden and Germany respectively.

The company has also received funding from Alix Retial, the parent company of India-based furniture e-retailer Fabfurnish.com.


Image: S.Chand led funding helped Smartivity Labs raise $1m. Photo: courtesy of Condesign.