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  5. Vendis Capital Acquires Legio Group

M&A Deal Summary

Vendis Capital Acquires Legio Group

On October 20, 2016, private equity firm Vendis Capital acquired retailer Legio Group

Acquisition Highlights
  • This is Vendis Capital’s 2nd transaction in the Retail sector.
  • This is Vendis Capital’s 3rd transaction in Belgium.

M&A Deal Summary
Date 2016-10-20
Target Legio Group
Sector Retail
Buyer(s) Vendis Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Legio Group

Belgium
Legio Group is a Belgian retailer with three specialist concepts: X²O (bathrooms), Overstock Garden (garden furniture), and Overstock Home (interior furniture and accessories). X²O is a leading retailer in bathroom furniture and fittings. With as many as eighteen branches, the retailer recently took its first steps into the Netherlands where it now has three shops. Overstock Garden is the Belgian market leader for selling high-quality garden furniture and related products. Overstock’s interior range was recently given its own shop concept with the creation of Overstock Home which now has a total of thirteen sales outlets. Legio Group is based in Belgium.

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Buyer(S) 1

Buyer

Vendis Capital

Diegem, Belgium

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2009
Size Small
Type Sector Focused
DESCRIPTION

Vendis Capital is an independent, Western European private equity firm focused on opportunities in the consumer sector. Vendis invests in branded consumer companies including retail, food, consumer goods, and consumer services. The Firm will consider majority and minority positions and generally seeks to commit €5 to €25 million in companies generating up to €120 million in revenue. Funds are generally used to support internal growth, acquisitions, full or partial liquidity to stakeholders, management buyouts, and corporate divestitures. Vendis Capital was formed in 2009 and is based in Brussels.

DEAL STATS #
Overall 12 of 30
Sector: Retail M&A 2 of 7
Type: Buyout (LBO, MBO, MBI) M&A Deals 6 of 12
Country: Belgium M&A 3 of 5
Year: 2016 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-13 Alexandre de Paris

Arbent, France

Alexandre de Paris is a provider of luxury hair accessories and is distributed throughout the world in more than 20 countries. Alexandre de Paris today has more than 200 shops or outlets in 25 countries and a leading brand of luxury hair accessories. Like in Haute Couture, the House presents two collections each year. Alexandre de Paris is based in Arbent, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 X²O

Ghent, Belgium

X²O is a retailer of visible sanitary equipment and furniture, focused on residential bathroom renovations. The company offers a broad assortment of high-quality showers, bathtubs, furniture and similar products through a network of over 50 showrooms. X²O was founded in 2005 and is based in Ghent, Belgium.

Buy -
Mergr

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