Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with some weeks of delay.
Calida wants to take over Lafuma completely
September 28, 2020
Clothing manufacturer Calida now wants to take over the French sportswear group Lafuma completely. Calida currently holds 93.5 pct. of Lafuma. A takeover bid will now be launched for the remaining shares, followed by an application for cancellation of the shares not tendered on Euronext Paris. For a total transaction value of EUR 8.2m, EUR 18 are offered for each share which implies a premium of 5.7 pct. In 2019, Lafuma generated revenues of EUR 172m and an EBITDA of EUR 12m. The offer values the company at an EV of EUR 102m, implying an EV/EBITDA of 8.5m.
ⓘ This story was originally featured in our daily M&A Insights newsletter.
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