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New Deal


Announced

Arcelik to acquire the Russian unit of Whirlpool for $233m.

Financials

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Transaction Value£189m
Consideration TypeContingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Friendly

Pending

Russian Federation

Private

Household Appliance

home appliance

Acquisition

Majority

Cross Border

Synopsis

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Arcelik, a Turkish multinational household appliances manufacturer, agreed to acquire the Russian unit of Whirlpool, an American multinational manufacturer and marketer of home appliances, for $233m. The sale includes the company’s manufacturing site in Lipetsk and the sales organization in Moscow, as well as sales operations in Kazakhstan and certain other countries. The appliance maker expects to record a loss of $300m to $400m in the second quarter in connection with the deal.

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