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Announced

Completed

Kogan Australia completed the acquisition of Mighty Ape for $128m.

Financials

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Transaction Value£128m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Private

Completed

e-commerce retailer

Acquisition

Cross Border

New Zealand

Single Bidder

Majority

E-commerce

Synopsis

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Kogan Australia, a wholly-owned subsidiary of Kogan.com, a retail and insurance company, completed the acquisition of Mighty Ape, an online retailing company, for $128m. "Mighty Ape will give us significant scale in New Zealand and further strength across a variety of operational dimensions. We will be drawing on Mighty Ape's deep experience in gaming, toys and other entertainment product categories and the New Zealand market, and combining this experience with Kogan.com's sourcing, technology, systems, infrastructure and marketplace capabilities, to further enhance the group's already market-leading offering across the Tasman," David Shafer, Kogan.com Chief Operating Officer and Chief Financial Officer.

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