ADH – Adairs Limited
4/12/2019 8:28:03 AM 4 ADH Acquisition of Mocka (uploaded below)
Adairs Limited (ASX: ADH) today announced that it has entered into a binding agreement to acquire all of the shares of Mocka Limited (“Mocka”) for a notional initial enterprise value of c.NZ$80m (A$75.5m). The agreement is subject to satisfaction of customary conditions and is expected to complete in mid-December.
Mocka is a highly efficient, vertically integrated and profitable pure-play online retailer of home and living products operating in Australia and New Zealand, with a strong track record of growth, attractive margins, and high levels of profitability and cash generation.
Founded in 2007 and family owned, Mocka sells well designed, functional and stylish products in the Home Furniture & DÃ©cor, Kids and Baby categories.