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Announced

Completed

Invest Plus completed the acquisition of a factory in Veliky Novgorod of IKEA.

Financials

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

Sources

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Tags

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Acquisition

Household Furnishings

Private

factory

Friendly

Domestic

Single Bidder

Russian Federation

furniture producer

Majority

Completed

Infrastructure

Synopsis

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Invest Plus, a special purpose vehicle, completed the acquisition of a factory in Veliky Novgorod of IKEA, a functional home furnishing products manufacturer. Financial terms were not disclosed. "Our goal is to return the highly popular and quality production of the Novgorod factory to Russia's furniture market as quickly as possible," Vadim Osipov, Invest Plus CEO.

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