DCC in euro 38.1 million French deal

DCC, a Dublin-based business support services group is to acquire a Paris-based distributor of consumer electronic products Banque Magnetique, for €38.1 million (£26.7 million).


DCC, a Dublin-based business support services group is to acquire a Paris-based distributor of consumer electronic products Banque Magnetique, for €38.1 million (£26.7 million).

DCC, a Dublin-based business support services group is to acquire a Paris-based distributor of consumer electronic products Banque Magnetique, for €38.1 million (£26.7 million).

The acquirer services the computer, healthcare, food and energy sectors and is buying the firm from Fayrewood subject, inter alia, to approval from the French competition authorities. The deal comprises €12.5 million (£8.8 million) cash and debt of €25.6 million (£18.1 million).

The target firm’s operating profits before group charges, goodwill amortisation and exceptional items for the year up to January this year was €4.5 million (£3.2 million) and is expected to achieve operational profits of some €5.6 million (£3.95 million) in the ensuing year.

The company distributes a broad range of consumer electronic products and IT peripheral products and services to a wide range of retail customers including internet, supermarket and specialist electronics retailers.

Marc Barber

Raven Connelly

Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses.

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