Announced
Financials
Sources
Tags
home furnishings
Acquisition
Friendly
France
Household Furnishings
Pending
Majority
Private
Single Bidder
Cross Border
Private Equity
Synopsis
Clayton, Dubilier & Rice-backed Mobilux, the parent company of furniture retailer Conforama for a nominal amount, agreed to acquire French unit of Conforama, a home furnishings retail chain, from Steinhoff International, a South African international retail holding company, for $79m. "The disposal will secure the future of Conforama France, release the Group from its liabilities in respect of that business and generate cash to reduce of the current debt held by Conforama France," Steinhoff.
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