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Announced

Completed

Advent-backed Dufry completed the acquisition of Hudson for $311m.

Financials

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Transaction Value£236m
Consideration TypeCash
Capital Owned57%
Capital Bid For43%
EV/Sales-
EV/EBITDA-
Share Price Premium50.1%
One Off Charge-

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Specialty Retailers

Majority

Single Bidder

travel retailer

Acquisition

Friendly

United States

Public

Private Equity

Cross Border

Completed

Merger

Synopsis

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Advent-backed Dufry, a Swiss-based travel retailer which operates duty-free and duty-paid shops and convenience stores, completed the acquisition of Hudson, a North America travel retailer, for $311m. “While our ownership structure will change as a result of the proposed transaction, the re-integration of Hudson into Dufry will further facilitate the execution of our business strategy. Hudson successfully implemented its business and growth plans as a wholly owned Dufry subsidiary for nearly nine years prior to our initial public offering in 2018. Our strategy remains unchanged to serve as the all-encompassing travel partner and we will continue to focus on our four key pillars: travel convenience, specialty retail, duty free, and food and beverage,” Roger Fordyce, Hudson CEO.

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