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New Deal


Announced

Tamer Group to invest in Mumzworld.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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United Arab Emirates

Single Bidder

Private

Pending

Majority

E-commerce

Cross Border

Acquisition

Friendly

e-commerce platform

Synopsis

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Tamer Group, one of the largest regional healthcare distributors with its consumer and nutrition divisions and logistics services, agreed to invest in Mumzworld, a UAE-based mother, baby & child e-commerce platform. Financial terms were not disclosed. "We are delighted to join the Tamer Group, having created the Middle East’s largest female-led E-commerce business. We have recorded 10x growth over the last five years, and this is just the beginning for us. We are better positioned than ever to accelerate growth, drive wider geographic expansion and continue to build a tech footprint serving customers better than ever. We will continue to own the supply chain for mother and child; both our customers and suppliers are at the forefront of this next exciting phase for Mumzworld," Mona Ataya, Mumzworld CEO.

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