Locked content Benefit Systems unit buys Masovian Sports Center and NewCo3

Fit Invest, a subsidiary of employee benefits program operator Benefit Systems, acquired 100 percent stake in Masovian Sports Center and in NewCo3 from Glastonbury Ventures Limited (GVL), Benefit Systems said. The total purchase price is PLN 69 million. According to the sale agreement, in addition t...

Locked content AmRest completes acquisition of Sushi Shop

AmRest has finalized the purchase of 100 percent stake in Sushi Shop Group, the company said. The purchase price was about €164 million. Earlier the company said that the price would amount to €240 million adjusted by the balance of cash and debt. In addition, up to €10 million (earn-out) will be pa...

Locked content R22 will buy two Romanian firms for €4.2 mln

R22 unit signed conditional share purchase agreements for two Romanian companies S.C. Web Class IT and Net Design for a total value of €4.2 million. Thus, the group will reach 15 percent share in the Romanian market and plans to further increase it to 30 percent. The acquisitions will be financed fr...

Locked content Herkules offers to buy Trinac Polska

Herkules finished due diligence process and offered to buy 100 percent stake in Trinac Polska. According to the offer document, Herkules proposed a price of €10 million. The payment was offered in two installments. The first installment of €9.5 million should be paid upon signing the purchase-sale a...

Locked content WP sees e-commerce revenue at 75% of total

Wirtualna Polska (WP) expects that revenue from e-commerce segment will increase to 75 percent of total revenue compared to 58 percent currently, CEO Jacek Świderski said. He also informed that until the end of 2018 Wirtualna Polska may buy an e-commerce company operating in the Central and Eastern ...

Locked content Grupa Azoty buys Goat TopCo for max. €235 mln

Chemicals producer Grupa Azoty signed a conditional agreement to buy 100 percent stake in German Goat TopCo for up to €235 million. The transaction will be fully financed from available credit facilities. The closing of the deal is expected not earlier than in October and not later than in Q1 2019. ...

Locked content Spanish CAF buys Solaris

Spanish transport giant CAF bought 100 percent in Solaris Bus & Coach, the Polish company said on Wednesday. CAF also signed a preliminary agreement with the Polish Development Fund (PFR) for the acquisition of 35 percent in Solaris by PFR. PFR CEO Paweł Borys did not provide the value of PFR in...

Locked content Coca-Cola buys Costa Coffee for £3.9 bln

Coca-Cola is acquiring British coffee-shop chain Costa Coffee from Whitbread in a £3.9 billion deal. The transaction value amounts to 16.4 times Costa EBITDA for 2018. The deal should be completed in the first half of 2019, Whitbread said in a statement. This combination will ensure new product deve...

Locked content Merlin Group signs preliminary deal to buy Profit M

Merlin Group signed a preliminary agreement to acquire a 100 percent stake in Profit M, a company selling books and toys via the internet. The deal value may amount to PLN 17.4 million, Merlin said. A condition for signing the definitive agreement is the transformation of Profit M into a limited lia...

Locked content ASM Group looks into new acquisitions abroad

ASM Group is exploring possible new acquisitions abroad, primarily in Western, Central and Eastern Europe. Last week ASM Group bought German Grupa Vertikom. The company CEO Adam Stańczak said that, following the expansion in Italy, it was a natural step to enter DACH region (Germany, Austria, and Sw...