Industry Archives: Consumer Goods


Leading Phone Operator MTS Gets OK to Buy Retailer Svyaznoy

Moscow Times October 10, 2014
MTS, Russia’s biggest mobile phone operator, on Thursday received the go-ahead to buy a 49 percent stake in major mobile phone retailer Svyaznoy, according to a statement on the Federal Anti-Monopoly Service’s website.

The agency simultaneously gave MTS permission to purchase a range of Svyaznoy subsidiaries engaged in logistics, insurance and more.
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Warburg Pincus to invest $200 million in Kalyan Jewellers

Economic Times
NEW DELHI: Warburg Pincus is set to invest $200 million in Kalyan Jewellers for a minority stake in Kalyan Jewellers as the appetite for retail gold jewellery franchisee among private equity investors remains undiminished despite regulatory controls and higher import duties.

Kalyan Jewellers, one of the largest jewellers in the country, could also become one of the most valued as the deal is likely to value its business at $1.2- 1.4 billion. Warburg is set to outbid Singapore-based Tema ..

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Mobile Music

Venture Finance for Sports and Outdoor case for iPhone with built in spare battery (Germany)

A new type of smartphone case for iPhones has been developed that is waterproof to a depth of 3 meters and with a built-in additional spare battery. The spare battery that is built-in to the case significantly extends the average daily useful life span of the normal battery (up to a factor of 3). This product can be used for a large variety of outdoor activities such as jogging, skiing, mountain biking, sailing or beach activities without any constraints in the usability of the phone, which is unique. There is no comparable product on the market today. The design is now registered and the product requires venture finance to go into production.

During a sports trading fair, the product consistently received positive feedback, and received dealer inquiries. The target market is currently the three million+ athletically active people in Germany. The first prototypes are complete. The start of the serial production is planned for the second half of 2014, and the first shipments are expected for the winter season 2014.

The Developer is seeking financing in the form of a Silent Partnership in the amount of Eur 500,000. The proposed return would be 8% p.a. + 5% of Net Profit with redemption in late 2017.

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French Ardian buys German toymaker Schleich

May 18 (Reuters) – German toy maker Schleich, known for its lifelike figurines, has been bought by French private equity firm Ardian from its British owner HgCapital, the two private equity companies said on Sunday. Neither side disclosed the price of the transaction which the Frankfurter Allgemeine Zeitung on Sunday reported was 220 million euros ($301.50 million), citing unnamed sources in the finance industry.

Ardian, formerly known as AXA Private Equity, used 95 million euros of loans from DZ Bank and Landesbank Baden-Wuerttemberg to fund the deal, finance sources familiar with the transaction told Reuters on Sunday. Founded in 1935, Schleich is one of Germany’s biggest toymakers with products sold in more than 50 countries, posting 2013 sales of 106 million euros. It was a family-run business until HgCapital bought an 80 percent stake for 165 million euros in 2006.

“With its new strategy of increasingly expanding into play worlds as well as further penetrating both international markets and new distribution channels, we see significant additional growth potential for the company,” Caspar von Meibohm, managing director at Ardian said.

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Canadian Custom Orthopaedic Footwear Company

The Company is a custom orthopaedic footwear company. It creates custom, premium quality prescription footwear using professional and technologically advanced equipment and procedures. By using 3D technology to communicate the client’s information to the production factory it has reached 99.9% of precision so that it can deliver an almost perfect, custom fit to each client. The Company offers fashion shoes with orthopaedic performance accommodating light to heavy deformations of the body, covering all ages and seasons with a wide variety of styles, colours and finishes.

The Company better helps it clients: men, women and children in the rehabilitation and reintegration into an active and fulfilling lifestyle. It meets the real need of people suffering from diseases and also educates and offers a better quality of life to those working in the construction industry, the army, the sports world, in schools and in any working environment where most of the day is spend on the feet.

The Company’s goal is to grow globally to $1 billion or more in annual net sales by the fifth year of operation. Secured funding by independent investors to multiply our orthopaedic centres and support by government institutions interested in investing in manufacturing operations that will create job opportunities, locally and internationally, will contribute to our goal to take six percent of the orthopaedic footwear global market by the fifth year of operation.

Studies have shown that 60% of school kids are not able to follow classes with full capacity because of problem caused by poor quality footwear or a wrongly adjusted insole. The Company also plans to present elite high-end fashion footwear with orthopaedic performance to the different markets that need high quality, modern style and comfort footwear for different daily activities.

With a team of professional shoemakers, designers and doctors already working on 300 different shoe models for various markets and purposes, the Company believes it could operate with full capacity at a first centre in Montreal, Canada within 4-6 months. This centre will also serve as a base for North and South America.
The Company is seeking CAD 10,000,000 in the first year to cover the total setup for North America market project.

More informations valable;
Zoran Salamon
Phone: +1 514-996-3996
E-mail: [email protected]

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UK’s Card Factory plans London listing

LONDON, April 22 (Reuters) – British greeting cards retailer Card Factory plans to list its shares on London’s stock market in May, joining a spate of store groups seeking flotations as the outlook for consumer spending improves. The over 700 stores firm, majority owned by private equity group Charterhouse Capital Partners, said on Tuesday it expected to raise 90 million pounds ($151 million) from an offer of new and existing shares to institutional investors.

  • Plans to raise 90 mln stg in IPO and list shares in May
  • Proceeds will be used to reduce debt
  • 2013-14 revenue 326.9 mln stg, up 9 pct
  • 2013-14 underlying earnings 80.4 mln stg, up 9.2 pct

Card Factory, which focuses on the value and mid-market segments of Britain’s 3 billion pounds-a-year greeting cards market, said at least 25 percent of its issued share capital would be freely tradable post flotation. The firm said it sold over 285 million single cards in the year to Jan. 31 2014.

In that year, revenue grew 9.0 percent to 326.9 million pounds, while underlying earnings before interest, tax, depreciation and amortisation (EBITDA) rose 9.2 percent to 80.4 million pounds at a margin of 24.6 percent.

Card Factory, which has opened about 50 stores a year for the past 10 years, expects that rate to continue and has a target of 1,200 stores in Britain and Ireland. The firm said Geoff Cooper, the former chief executive of Travis Perkins and current chairman of Dunelm, would chair the business. It intends to use all of the net proceeds from the share offer to reduce net debt, expected to be about 160 million pounds on admission.

UK retailers, including discount retailer Poundland , newsagent McColl’s, petshop Pets at Home and online fashion retailer, have already listed in 2014. Fat Face and B&M are among other store groups expected to come to market this year.

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Birchbox banks $60 million

Fortune April 21, 2014
Two years ago, “stuff in a box” was all the rage among startups. The young and funded were hawking subscription memberships for coffee, razors, jewelry, sex toys, shoes, and booze. All of it seemed very faddish, and indeed, many of these startups have petered out. Those that have thrived have done so with a unique value proposition that can’t be matched by brick-and-mortar retailers, and more importantly, by Amazon.

One such company is Birchbox. The New York-based startup sells curated monthly boxes of beauty samples for $10 each, while offering full-sized versions of the products on its e-commerce site. In just 3.5 years, Birchbox has grown to 800,000 subscribers, which equates to $96 million in annual sales. Add to that the fact that 30% of the company’s revenue comes from sales of full-sized products, and Birchbox is making at least $125 million per year. (The company also makes money selling men’s boxes, but it hasn’t released subscriber numbers.) Birchbox has swelled to 250 employees and worked with 800 brands. All of that, with just $12 million in venture funding.

“We know what it means to grow quickly and not have to raise a lot of money, which isn’t always celebrated in our culture, but we have celebrated it here,” says Katia Beauchamp, co-CEO and co-founder of Birchbox.
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India Fashion Portal Myntra Raises $50M On A $200M Valuation As Amazon And Flipkart Circle

India’s e-commerce market is projected to grow sevenfold to $22 billion in the next five years, and investors and global e-commerce companies want to have a piece of the action. We have learned that Myntra, one of the bigger fashion portals in the country focusing both on traditional and more western fashion, has closed a $50 million round of funding. Continue Reading →

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Dubai Holding arm plans to sell stake in Swatch-backed retailer

DUBAI, Oct 28 (Reuters) – The private equity arm of Dubai Holding, which is owned by the emirate’s ruler, is planning to sell its minority stake in a luxury retailer backed by Swatch, four banking and industry sources aware of the matter said.
* DIC in talks with Saudi-based Al Rajhi Capital – sources
* Rivoli sale seen by year-end – sources
* Dubai has been stepping up asset sales

The unit, Dubai International Capital (DIC), is in exclusive negotiations to sell its 18 percent stake in Rivoli Group to Saudi-based Al Rajhi Capital, the investment banking and private equity arm of the kingdom’s top listed lender, Al Rajhi Bank , the sources said.

The sources, who spoke on condition of anonymity, did not provide a potential value for the deal.

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Douglas in exclusive talks to buy French perfume chain Nocibe

FRANKFURT | Oct 21 (Reuters) – German books to cosmetics retailer Douglas said on Monday it is in exclusive talks to buy French perfumery chain Nocibe, in a deal that would leapfrog it to the number two spot in France. Continue Reading →

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