WOOD Flash – CCC: acquisition of Romanian franchisee at 6x P/E, c.PLN 16/share value creation
Just before the Christmas break, CCC announced the signing of a letter of intent to acquire its Romanian franchisee, Peeraj CCC. The price of the deal has been set at EUR 33m (RON 153m). The transaction depends on the fulfillment of a number of conditions, such as the relevant corporate transformation of Peeraj CCC, obtaining corporate and regulatory approvals, and finalising the due diligence. The closing of the transaction is envisaged in the second quarter of 2018E.Peeraj CCC operates a network of 54 stores. According to the company, in 2016, Peeraj CCC generated sales of RON 178m and net profit of RON 25m. Over January-October 2017, Peeraj delivered a sales expansion of 28% yoy.
CCC is engaged in the wholesale and retail trade of clothing and footwear. Co. offers its products to wide range of consumers, from demanding clientele of trendy boutiques to value-oriented medium segment customers, to less wealthy customers seeking reasonably priced quality footwear. Co. pursues a strategy of brand diversification, which is reflected in its three autonomous distribution channels: a chain of official CCC stores, BOTI footwear shops and QUAZI boutiques. Co. offers more than 2,500 designs of footwear. Co. also owns more than 67 proprietary brand names e.g. Lasocki.
WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.
A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.
Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.
We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.