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EY Romania advised Kingfisher on the divestment of Brico Depot Romania to Altex

EY Romania advised Kingfisher on the divestment of Brico Depot Romania to Altex

During the EY-led process, the team provided full sell-side M&A assistance, structuring and coordinating the execution of the transaction

EY Romania is privileged to advise Kingfisher, an international home improvement company with over 2,000 stores and 78,000 employees, on the agreed sale of Brico Depot Romania to Altex, market leader of the Romanian electro-IT retail sector.

During the EY-led process, the team provided full sell-side M&A assistance, structuring and coordinating the execution of the transaction.

                                                                         

Brico Depot Romania has the 2nd largest store network on the Romania DIY retail market, having entered the country in 2013 via its acquisition of Bricostore Romania and further expanding in 2017 through its acquisition of local Praktiker operations. Brico Depot’s stores are designed to maximise customer shopping experience and address all DIY, DIFM and trade needs under one roof. The network is supported by a strong omnichannel proposition and an agile centralized headquarters.

Founded in 1992, Altex is Romania's market leader in electro IT retail and one of the largest and most recognisable Romanian brands. It currently operates 135 stores under two brands (Altex and Media Galaxy) in around 70 cities, covering all of Romania’s 42 counties.

EY’s multi-jurisdictional team provided end-to-end M&A advisory with an integrated service offering covering the full spectrum of sell-side assistance services, including vendor financial and tax due diligence, as well as SPA advisory and operational separation services. The successful execution of the announced transaction is owed to EY’s multi-disciplinary approach and globally integrated network.

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About EY Romania

EY is one of the world's leading professional services firms with 392,995 employees in more than 700 offices across 150 countries, and revenues of approx. US$51.2b in the financial year that ended on 30 June 2024. Our network is the most integrated worldwide, and its resources help us provide our clients with services allowing them to take advantage of opportunities anywhere in the world.

With a presence in Romania ever since 1992, EY provides, through its more than 1000 employees in Romania and the Republic of Moldova, integrated services in assurance, tax, strategy and transactions, and consulting to clients ranging from multinationals to local companies.

Our offices are based in Bucharest, Cluj-Napoca, Timisoara, Iasi and Chisinau. In 2014, EY Romania joined the only global competition dedicated to entrepreneurship, EY Entrepreneur Of The Year. The winner of the national award represents Romania at the world final taking place every year in June, at Monte Carlo. The title of World Entrepreneur Of The Year is awarded in the world final. For more information, please visit: www.ey.com

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