Deal: Purchase 8

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Description
A great JV opportunity. Client to purchase 8 retail stores in NZ from retiring owner and to expand with more stores and operations. Current sales of home decor and furniture produces $10M/annum, an EBITA of 8-9%. A $3.5M debt plus JV $6.5M contribution provides a 35% equity position and projects an IRR of 41%. Experienced buyer familiar with NZ and retail operations. Buyer plans to inject $750,000 within 12 months.
Amount
10m
Assets
Retails
Countries
New Zealand