30 March 2012 – Japanese lingerie maker Wacoal Holdings Corp (TYO:3591) on Friday announced it had reached an agreement to take over British sector firm Eveden Group Ltd for GBP152m (USD242.7m/EUR182.1m), including debt.
The Japanese company will use its cash reserves and bank borrowings to pay for the transaction, which is expected to close on 10 April 2012, it said in a statement. The move is part of Wacoal's overseas business expansion strategy.
Northamptonshire-based Eveden sells women's undergarments and swimwear via a sales network of more than 5,000 retailers in over 50 countries, including the UK, other European countries, North America, Australia, Asia among other regions.
NFP Acquires Corporate Benefit Analysts to Expand Footprint in Canada
Madison Dearborn Partners Acquires RDX to Enhance Managed Services
Ichor Systems Korea Acquires IAN Engineering
Evolve IP Acquires thevoicefactory to Expand Distribution Capabilities
Emerson to Acquire Textron Tools/Test Equipment Business for USD 810m
CSI IT Acquires Technical Resource Group to Expand Service Offerings in Western Markets
Brown/Brown Acquires Assets of Atlanta-Based Manning/Nozick Insurance
Boston Therapeutics to Acquire Medical Technology Associates II in Share Exchange
Bluegreen Vacations Acquires Éilan Hotel/Spa for USD 34m
Athora Holding to Acquire Generali Belgium Insurance Subsidiary
Ashlar Development Acquires Tennessee-Based Nichols Vale Community
American Plastics Forms 3-Way Merger to Expand Retail/Commercial Client Base
Zayo Finalises Acquisition of Neutral Path to Expand Midwest High Fibre Routes
Waypoint Residential Expands Portfolio with Acquisition of North Carolina Apartment Community
Tyler Technologies to Acquire Socrata to Expand Management Solutions Offerings in Public Sector