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Announced

J.Front to acquire 35% stake in Parco for $600m.

Financials

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Transaction Value£464m
Consideration TypeCash
Capital Owned65%
Capital Bid For35%
EV/Sales-
EV/EBITDA-
Share Price Premium35.6%
One Off Charge-

Tags

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department store

Apparel Retailers

Japan

Acquisition

Pending

Single Bidder

Public

Tender Offer

Friendly

Minority

Synopsis

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J.Front Retailing agreed to acquire the remaining 35% shares in Parco, a fashion-focused chain, for JPY65.7bn ($600m). J.Front offered a 35.6% premium to Parco’s closing price. The main aim of transaction is for further promotion of the joint development of stores, including large-scale multi-purpose facilities that would be difficult to handle alone.

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