Announced
Financials
Sources
Tags
sports equipment
Private
Friendly
Spain
Cross Border
Pending
Majority
Single Bidder
Clothing and Accessories
Acquisition
Private Equity
Synopsis
JD Sports Fashion, a retailer of sports, fashion and outdoor brands, agreed to acquire an 80% stake in Deporvillage, a retailer focusing on the sale of specialist sports equipment principally for cycling, running and outdoor, for $168m. $48m from the total consideration is contingent upon revenue milestones. "Deporvillage has a strong consumer-centric approach and is the market leader in its categories in Spain with significant potential for further international development. We look forward to closing the transaction and welcoming the Deporvillage team to the group," Peter Cowgill, JD Sports Fashion Executive Chairman.
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