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Showroomprivé Completes the Acquisition of Beauteprivee

LA PLAINE SAINT-DENIS, France, March 15, 2017 /PRNewswire/ --

Showroomprivé, an innovative European player in the online private sales industry, specializing in fashion, is happy to announce today that it has completed the acquisition of Beauteprivee.

Showroomprivé successfully acquired a 60% stake in Beauteprivee, valuing the company at an enterprise value of €18 million for its entire capital, with an option to acquire the remaining 40% in 2019.

This combination with Beauteprivee will allow Showroomprivé to strengthen its position on the online flash sales market of cosmetics and well-being products and reinforce its offering to serve the Digital Woman.

With over 3 million members and more than 800 brand partners, Beauteprivee is the French leading online flash sales player specialized in cosmetics, beauty and well-being products and services. It reported IFRS net sales of 19 million euro in 2016, up more than 40% versus the previous year. Its EBITDA margin exceeded 7%.

Beauteprivee's co-founders Frédéric Bille and Xavier Chauvin will continue to manage and act as co-CEOs of Beauteprivee following its combination with Showroomprivé.

Expen performed financial due-diligence services, and McDermott Will & Emery served as legal counsel to Showroomprivé. D&A acted as financial advisor, and CADJI AVOCATS served as legal counsel to Beauteprivee's shareholders.

     (Logo: http://photos.prnewswire.com/prnh/20151124/290566LOGO )

This is a disclosure announcement from PR Newswire.

SOURCE showroomprive.com



 

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