Focus DIY

Travis Perkins plc - Disposal of Plumbing & Heating business

Retrieved on: 
Thursday, May 20, 2021

b'Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.\nThe issuer is solely responsible for the content of this announcement.\nTravis Perkins plc today announces the disposal of its Plumbing & Heating distribution business ("P&H") to an affiliate of H.I.G.

Key Points: 
  • b'Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.\nThe issuer is solely responsible for the content of this announcement.\nTravis Perkins plc today announces the disposal of its Plumbing & Heating distribution business ("P&H") to an affiliate of H.I.G.
  • Capital, a leading global alternative investment firm, for cash consideration of \xc2\xa3325 million, on a debt-free, cash-free basis and subject to customary adjustments.
  • The transaction is expected to be completed within the next three months.\nAlongside the recent demerger of Wickes, the sale of P&H represents the completion of the Group\'s portfolio actions as outlined at the Capital Markets Day in December 2018.\nGiven the Group\'s strong balance sheet and robust liquidity position, Travis Perkins intends to return the net proceeds of the disposal to shareholders following completion of the transaction through a combination of a 35 pence per share special dividend and, subject to market conditions, a share buyback programme.\n"Today marks another important step on our journey to becoming a simplified Group, focused on our market leading trade businesses.
  • Gross assets at 31 December 2020 were \xc2\xa3580 million.\nMorgan Stanley & Co. International plc is acting as financial advisor to Travis Perkins plc in relation to the transaction.\n'

Go Store It and Cerberus Joint Venture Expands Portfolio of Self-Storage Assets

Retrieved on: 
Tuesday, February 16, 2021

Go Store It, a premier self-storage operator in the U.S., today announced that its joint venture with an affiliate of Cerberus Capital Management, L.P. (Cerberus) has closed on twelve storage assets totaling 6,000 units and over 850,000 rentable square feet.

Key Points: 
  • Go Store It, a premier self-storage operator in the U.S., today announced that its joint venture with an affiliate of Cerberus Capital Management, L.P. (Cerberus) has closed on twelve storage assets totaling 6,000 units and over 850,000 rentable square feet.
  • In July 2020, Go Store It and Cerberus established a joint venture focused on building a diversified portfolio of premier self-storage facilities across the United States.
  • To date, the joint venture has acquired assets in Florida, Virginia, North Carolina, South Carolina, and Texas and will continue to add Class A self-storage assets in key markets across the United States.
  • This joint venture is a unique opportunity to combine our market knowledge with Cerberus global expertise to develop a best-in-class, national portfolio of assets, said Ryan Hanks, Founder and CEO of Go Store It.

Europe Homeware Retailers Database 2021 Featuring Aldi, Auchan, Carrefour, E.Leclerc, Edeka, Les Mousquetaires, Rewe, Sainsbury, Schwarz & Tesco - ResearchAndMarkets.com

Retrieved on: 
Thursday, January 21, 2021

The "Homeware Retailers in Europe" newsletter has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Homeware Retailers in Europe" newsletter has been added to ResearchAndMarkets.com's offering.
  • Homewares is not a very sharp defined sector but in most countries special retail chains exist focusing completely on household products for kitchens, bathrooms, bedrooms and certainly for the living room.
  • Besides the specialty stores, there is a significant share of sales in these products at hypermarket and department stores.
  • So many of the retailers can also be found in the sectors Food, DIY & Gardening, Furniture, and decoration, and Personal Care.

Cerberus Sentinel Announces Acquisition of Alpine Security

Retrieved on: 
Tuesday, December 29, 2020

Under the terms of the acquisition, Alpine will become part of Cerberus Sentinel and will continue to focus on providing integrated risk managed services to a diverse set of national customers.

Key Points: 
  • Under the terms of the acquisition, Alpine will become part of Cerberus Sentinel and will continue to focus on providing integrated risk managed services to a diverse set of national customers.
  • With the new organizational structure, Alpine president and founder Christian Espinosa will take on a strategy role within Cerberus Sentinel.
  • Alpine is an excellent fit for the Cerberus portfolio of companies, said David Jemmett, CEO and founder of Cerberus Sentinel.
  • Alpine will continue to be based in St. Louis, and its compliance team will add to the experienced Cerberus Sentinel team led by chief compliance officer Baan Alsinawi.

Travis Perkins: Q3 2020 trading update - continued recovery

Retrieved on: 
Thursday, October 22, 2020

This has been driven by a strong recovery in demand across domestic RMI markets, benefitting the Travis Perkins, City Plumbing, Wickes and Toolstation businesses who serve these markets.

Key Points: 
  • This has been driven by a strong recovery in demand across domestic RMI markets, benefitting the Travis Perkins, City Plumbing, Wickes and Toolstation businesses who serve these markets.
  • Whilst local trade activity has recovered well, our trade businesses continue to experience a lag in recovery from larger housebuilding and construction projects.
  • Like-for-like sales grew by 3.9% in Q3, although total Group sales declined by 3.4%, reflecting branch closures since June.
  • The progression of sales recovery has continued throughout Q3, particularly in the trade focused businesses.

RJD Green Inc. Posts Update of Quarterly Revenues and Focus for the Remainder of Fiscal Year 2020

Retrieved on: 
Wednesday, June 10, 2020

Our primary focus has been and will be the safety of our employees, and retention of capital to preserve existing operations.

Key Points: 
  • Our primary focus has been and will be the safety of our employees, and retention of capital to preserve existing operations.
  • RJD Greens ability to complete planned acquisitions meeting the growth needs of 2020 has obviously been sidelined by the world health crisis and dramatic effect on the economy.
  • The Company operates as a holding company with a focus of acquiring and managing assets and companies.
  • These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.