Maxeda (Brico) sells shares to debtors

Maxeda (Brico) sells shares to debtors

DIY group Maxeda, which owns chains like Brico and Praxis, has sold the majority of its shares to the French investor Ardian and the American Goldentree Asset Management group.

Lower debt through sales

To lower its debt with these two investors, Maxeda has now struck a deal where it has given them a majority stake in return for lower debts. Previously, the company had to cancel a Maxeda sale as there was no decent bid.

 

Up until now investment firms KKR and Permira owned Maxeda, but after a possible sale failed, they decided to invest even more. That led to a new organisational structure and both also invested in new formulas like "Praxis om de hoek" (Praxis around the corner).

 

Maxeda has more than 375 stores in the Benelux area and generates a yearly 1.3 billion euro turnover.

Questions or comments? Please feel free to contact the editors


Bricorama does not want to sell Gamma

01/09/2017

French DIY company Bricorama will not sell Gamma’s Belgian and Dutch stores. There was a longstanding rumour to that nature, but the company has now refuted those claims.

Kingfisher experiences another turnover drop

17/08/2017

DIY group Kingfisher has experienced yet another disappoiting quarter: the British-French group suffered setbacks in both its home markets and the restructuring plan is also weighing down its results.

Sizeable profit drop for Geberit

17/08/2017

Swiss sanitation specialist Geberit has had a disappointing first semester of 2017, in which its profit dropped about 20 %. Turnover also slumped, but only slightly.

Intergamma: departure largest shareholder sparks turmoil

01/08/2017

Irish group CRH, which owns nearly 50 % of DIY Intergamma’s shares, wants to sell those shares, but the other shareholders cannot find an appropriate solution.

Strong Dutch growth for Hornbach

09/06/2017

German DIY chain Hornbach’s turnover and profit grew a lot in the past fiscal year, which ended 28 February 2017. Particularly its Dutch division performed very well.

Cooperative Menouquin joins Hagebau

10/05/2017

Belgian’s largest cooperative in tools, hardware and DIY, Menouquin, will join German Hagebau, a move designed to help Menouquin grow.

Back to top