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New Deal


Announced

Completed

Gfi completed the acquisition of El Corte Inglés.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Single Bidder

department store operator

Friendly

Diversified Retailers

Majority

Spain

Private

Cross Border

Completed

Synopsis

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Gfi, an IT service management company, completed the acquisition of El Corte Inglés, the biggest department store group in Europe. Financial terms were not disclosed. "IECISA and Gfi share a common vision for the business, based on shared values of innovation, teamwork and strong commitment to clients. The culture of the combined entity will continue to be based on attention to and personalized service for each client," Gfi.

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