Radar > 225058

L Capital favorite candidate to enter Tous

L Capital favorito para entrar en Tous

Intel ID : 225058
Synopsis

Tous, the Spain-based jewelry company, which is looking for an investor, has found a favorite candidate amongst three funds bidding to enter the company's capital. L Capital might be the one with higher chances to enter, reported Expansión on 11 May, 2015.

The three candidates are the Spanish fund, L Capital, English fund, Permira, and Swiss fund, Partners Group, who have been waiting for months since the process began last year (see related Intel).

The capital entry to Tous would represent a stake of 25% to 30% of the company. It is believed the value of the transaction is around EUR 130m since the operation began with an estimated total value of the company between EUR 450m to EUR 500m.

Last year the jewelry company had a turnover of EUR 371m, approximately 9.7% more than in 2013.
(content in spanish)

La empresa joyera española Tous, que está en proceso de búsqueda de un inversor, cuenta con un favorito de entre tres fondos que pujan por entrar en su capital. L Capital sería el que más posibilidades tendría de entrar en la compañía, según ha informado el diario Expansión el día 11 de mayo de 2015.

Los tres candidatos son el fondo español L Capital, el fondo inglés Permira y el suizo Partners Group, los cuáles llevan meses esperando desde que se abrió el proceso el año pasado (ver Intels relacionados).

Dicha entrada en el capital de Tous supone un porcentaje no mayoritario de la empresa de entre el 25% y el 30% del capital. Se calcula que el importe de la transacción ronda los EUR 130m , ya que la operación partía de una valoración total de la compañía estimada en una horquilla de EUR 450m a EUR 500m.

El año pasado la empresa joyera facturó por ventas EUR 371m, un 9,7% más que en 2013.

Bidder

Ultimate Owner (Buyer)

Target

Tous
Spain

Intel ID 225058
Value EUR 130,00m (Approx.)
Native Currency Euro (EUR)
Financial Data - Tous
(31 Dec 2022)
Revenue: EUR 449,16m
EBITDA: EUR 88,78m
Net Debt: EUR 19,70m
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.09 Private Equity
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Bidder

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.09 Private Equity
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Bidder

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.09 Private Equity
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Target

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Distribution and Retail (Primary)
Industry / Fashion and Textile
Primary Sector (TTRSC)
15.01.01 Accessories
15 Consumer Products & Services / 15.01 Apparel & Accessories

Secondary Sectors (TTRSC)
15.01.02 Clothing
15 Consumer Products & Services / 15.01 Apparel & Accessories

Country
Website
Description

Ultimate Owner (Buyer)

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.09 Private Equity
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Radar

Date Title Type Intel Grade Country Subsector  
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Mergers & Acquisitions

Date Target Country Buyer Seller VALUE (EURm) Subsector    

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.