Prostor is negotiating the purchase of Cosmo
From：Taiwan Trade Center, Kyiv
Dnipropetrovsk company "Style D" (developing a network for the sale of perfumery and cosmetic products Prostor) is close to the acquisition of the business of the company "Sumatra LTD" (network "Cosmo"). Three sources told LIGA.net about this: two directors of retail chains and an investment banker. The seller - investment company SigmaBleyzr.
The amount of the transaction may be about $ 15 million. If an agreement is signed, Prostor will be the second in Ukraine in the segment of stores selling perfumery and cosmetic products after the Eva chain.
The contract of sale has not been signed yet, now the cost estimate of Kosmo business is underway, says the director of the trading network on the rights of anonymity. The deal may turn out to be typical for the Ukrainian retail market: the owner buys lease agreements, commodity balances, trade equipment and, if necessary, the brand of the network.
We are talking only about the sale of about 110 perfumery and cosmetic shops, the pharmacy business "Cosmo" is not included in the transaction, he said.
The seller wants for his asset about $ 15 million, said an investment banker who wished to remain anonymous.
The director general of the Cosmo network, Georgy Sheiko, said that the retailer regularly negotiates the sale of his business. He denied the information on the valuation of assets. Prostor LIGA.net failed to get a comment - its representatives did not respond to the publication request.
The American SigmaBleyzer, through SBF Southeast European Holdings, acquired Sumatra LTD in 2007. Then the experts predicted that the fund would go out of business in three or four years, selling Cosmo to an international operator. However, several financial crises could interfere with the fund’s plans, and now only Ukrainian competitors are considering the purchase of the network.
Watsons refused to acquire the network, says investment banker. Co-owner of the network "Eva" Ruslan Shostak said that now does not consider the purchase of business "Cosmo".
SigmaBleyzer previously declared its readiness to invest in other types of businesses in Ukraine, including in the production of carbohydrates. According to the State Service of Geology of the Subsoil, the fund is ready to invest about $ 100 million.