Sonae completed the acquisition of a 50% stake in Salsa from Wonder Investments.

Synopsis

Sonae, a retail company that operates in food and non food retail stores, completed the acquisition of a 50% stake in Salsa, an internationally renowned Portuguese jeanswear brand, from Wonder Investments. Financial terms were not disclosed.

Principals

target

SALSA

bidder

Sonae Sgps

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Market Context

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Seller Team (1)

josé antónio ramos

CEO at SALSA

Manager

target

Deal

n/a

Total Value

Bidder Team (1)

cláudia azevedo

CEO at SONAE SGPS SA

Manager

bidder

Deals

£ 1.94 B

Total Value

Vendor Team (2)

peter stanchev

Senior Manager at KPMG

Financial Advisor

vendor

Deal

n/a

Total Value

zdravko moskov

Director at KPMG

Financial Advisor

vendor

Deals

n/a

Total Value

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