Maxeda (Brico) sells shares to debtors | RetailDetail

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


Belgian paint web shop Deverfwebshop.be expands into France

14/05/2018

An expansion into Wallonia and France beckons for Belgian paint web shop deverfwebshop.be and its new counterpart boutiquepeinture.fr. Moreover, the company is looking for a new financial partner to help with this move.

Hornbach exceeds four billion euro turnover

23/03/2018

German DIY chain Hornbach’s turnover surpassed 4 billion euro in the past fiscal year. The overall turnover growth was 5.1%: the Dutch market achieved double-digit growth, but the German home market stagnated.

Kingfisher spearheading the circular economy

13/02/2018

Kingfisher has been one of the front runners in transforming its business into a more circular business. The focus? Smarter consumption and get 'more from less'.

Les Mousquetaires acquires Bricorama

05/01/2018

The French Bureau of Competition has approved franchise group Les Mousquetaires' acquisition of DIY chain Bricorama. The deal will catapult Les Mousquetaires into the third position in the French DIY industry.

Intergamma's dispute with Bricorama persists

01/12/2017

Intergamma’s issues with CRH’s shares still have not been resolved and it seems the dispute with French shareholder Bricorama has now boiled over. The latter even wants the Chamber of Commerce to intervene.

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.