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New Deal


Announced

XXXLutz to acquire Spanish and Portuguese business from Steinhoff-backed Conforama.

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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Spain

home furnishings

Cross Border

Majority

Private

Portugal

Home Improvement Retailers

Acquisition

Friendly

Pending

Single Bidder

Synopsis

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XXXLutz, an online seller of furniture, mattresses, and home accessories, agreed to acquire Spanish and Portuguese business from Steinhoff-backed Conforama, a furniture retail chain store that offers home equipment and appliances at discount prices through online. Financial terms were not disclosed.

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