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New Deal


Announced

Completed

SOLO Group completed the acquisition of Mid Ocean Group from Torenvliet.

Financials

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

Tags

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diversified retailers

Single Bidder

Completed

Diversified Retailers

Cross Border

Friendly

promotional products

Private

Acquisition

Majority

Netherlands

Synopsis

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SOLO Group, a promotional clothing supplier, completed the acquisition of Mid Ocean Group, a distributor of promotional articles and gifts, from Torenvliet. Financial terms were not disclosed. This acquisition forms the next step in the promotional market evolution and resellers requirement for one stop shop experience and follows on the commercial cooperation initiated in 2020.

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