Grupo Gigante offers $690.5 million for a 50% stake in Office Depot de México amid the merger of Office Depot Inc. and OfficeMax.
Overview of Grupo Gigante
Grupo Gigante SAB de CV, a prominent Mexican company, reported revenues of approximately $941.9 million in 2011 and $1.097.6 million in the first nine months of 2012. The company operates a diverse portfolio of businesses including self-service retail, cafes, and specialized commerce, establishing itself as a significant player in the Mexican market.
Details on Office Depot
Office Depot Inc., an American multinational office supply retailer, had revenues of $10.695.7 million in 2012. Grupo Gigante recently proposed a purchase offer of $690.5 million for a 50% stake in Office Depot de México SA de CV, which generated revenues of $1.171.0 million in the same year. This offer notably expires on February 28, 2013.
Access Full Deal Insights
You’re viewing a public preview of this deal. To unlock full access to ca. 50,000 other deals in our database and join ca. 400 M&A professionals who are using it daily, sign up for Dealert.
Industry Overview in Mexico
The retail industry in Mexico has undergone significant transformations in recent years, characterized by rapid technological advancements and changing consumer behaviors. As the economy grows, the
Similar Deals
Grupo Cinemex SA de CV → Cinemark de México SA de CV
2013
Grupo Gigante SAB de CV
invested in
Office Depot de México SA de CV
in 2013
in a Buyout deal
Disclosed details
Transaction Size: $691M
Revenue: $1,171M
Enterprise Value: $1,354M
Equity Value: $691M
Multiples
EV/Revenue: 1.2x
P/Revenue: 0.6x