IFLR1000

Wesfarmers £340 million acquisition of Homebase

28/1/2016
Public acquisition
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£ 340 million

$ 494 million

Completed

28/1/2016

Overview:

  • Wesfarmers has acquired UK DIY retailer Homebase from the Home Retail Group in a £340 million deal.
  • Homebase is the UK's second largest DIY retailer by revenue.
  • The deal will see the retailer re-branded as Bunnings to bring it line with Wesfarmers existing Australian and New Zealand retail chains.

Sam Duke - Editor

Jurisdictions:

Australia
United Kingdom

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

England and Wales

Industry sector:

Consumer goods and services

Firms:
Herbert Smith Freehills

Party: Wesfarmers (Acquirer)

Lawyer: Mark Bardell

Linklaters

Party: Home Retail Group (Seller)

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