Clayton, Dubilier & Rice-backed Mobilux to acquire Conforama France from Steinhoff International for $79m.

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.