MatsumotoKiyoshi to acquire a 20% stake in Cocokara Fine for $350m.

Financials

Edit Data

Transaction Value£266m

Consideration TypeCash

Capital Owned-

Capital Bid For20%

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

bidder

Matsumotokiyoshi Holdings Co

target

Cocokara Fine

Sources

Edit

Press Release

MatsumotoKiyoshi - 31 Jan 2020

Tags

Edit

Friendly

Public

Single Bidder

Majority

Pending

Japan

retailers

Acquisition

pharmaceuticals retail

Merger

Specialty Retailers

Synopsis

Edit

MatsumotoKiyoshi Holdings, a Japanese drugstore firm is set to acquire a 20% stake in Cocokara Fine, a consumer retailer service provider for $350m, and aims for a full merger next year. MatsumotoKiyoshi and Cocokara Fine are aiming for a full merger in October 2021, with terms to be decided in February 2021.