M&A Deal Summary

ME Group International Acquires Asda Stores - Photo Division

On August 24, 2016, ME Group International acquired retailer Asda Stores - Photo Division from Asda for 6M GBP

Acquisition Highlights
  • This is ME Group International’s 1st transaction in the Retail sector.
  • This is ME Group International’s largest (disclosed) transaction.
  • This is ME Group International’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2016-08-24
Target Asda Stores - Photo Division
Sector Retail
Buyer(s) ME Group International
Sellers(s) Asda
Deal Type Divestiture
Deal Value 6M GBP

Target

Asda Stores - Photo Division

United Kingdom
Asda Stores - Photo Division consists of 191 photo centres, as well as 172 self-service kiosk sites located in Asda stores. These businesses will be managed by Photo-Me under a ten-year concession. Besides those in-store locations, Photo-Me will also operate the Asda-branded online photo-processing offering for a minimum of 2.5 years.

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Buyer(S) 1

Buyer

ME Group International

Epsom, United Kingdom
Category Company
Founded 1962
Sector Consumer Products
Employees1,183
Revenue 298M GBP (2023)
DESCRIPTION

ME Group International operates, sells, and services a range of instant-service equipment. ME Group International operates photobooths, photographic fun products, digital printing kiosks & children’s rides. The company provide consumers with a convenient and cost-effective means of obtaining ID photos compliant with the new ICAO regulations. ME Group International was founded in 1962 and is based in Epsom, United Kingdom.

DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Asda

Leeds, United Kingdom
Category Company
Founded 1949
Sector Retail
Revenue 8.0B GBP (1999)
DESCRIPTION

Asda is a grocery retailer with an omni-channel, multi format food and non-food offerings. The company operates a significant store estate across over 600 sites in the UK, with its core focus being the operation of edge-of-town superstores with an average surface area of over 4,000 square metres. The food and non-food offer are focused on everyday affordable pricing, targeting a broad customer demographic. Asda was founded in 1949 and is based in Leeds, United Kingdom.

DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-03-28 Safeway

Hayes, United Kingdom

Safeway Ltd. is a retailer in the United Kingdom. It has approximately 480 stores, which offer approximately 22,000 different product lines.

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