Deal: Purchase 8
DescriptionA 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.