SRP Groupe — M&A Activity 2016

Jul 28, 2016

LA PLAINE SAINT DENIS, France, July 28, 2016 /PRNewswire/ --

Showroomprivé, an innovative European player in the online private sales industry, specializing in fashion, has proposed to acquire Saldiprivati from Banzai, Italy's first national e-Commerce platform, listed on the STAR segment of the Italian Stock Exchange.

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

Saldiprivati, with over two million registered users and over two million products sold each year, is the number two pure flash sales player in Italy by turnover[1], selling clothing, footwear, accessories and household products.

The proposed acquisition of Saldiprivati would represent a major step for Showroomprivé's development in Italy, which is one of its key international markets with strong growth potential over the coming years.

The transaction remains subject to certain conditions and final contract negotiations.

Banzai's Board of Directors, which met yesterday, granted Showroomprivé a period of exclusivity lasting until 30 September 2016, to negotiate the transaction documentation in good faith.

[1] Company re-elaboration based on Osservatorio eCommerce B2c Netcomm - Politecnico di Milano and Bureau van Dijk database

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