Benchmark International Has Successfully Facilitated the Acquisition of Biggie Best to Coricraft

Benchmark International is pleased to have successfully facilitated the acquisition of Biggie Best Ltd to Coricraft Ltd. Biggie Best is an instantly recognised brand active in the wholesale and retail of exclusive home décor textiles and homeware.
 
 
Spread the Word
Listed Under

Tag:
Mergers And Acquisitions

Industry:
Finance

Location:
Cape Town - Cape Town - South Africa

Subject:
Mergers

CAPE TOWN, South Africa - Nov. 20, 2019 - PRLog -- Benchmark International is pleased to have successfully facilitated the acquisition of Biggie Best (Pty) Ltd to Coricraft (Pty) Ltd.

Biggie Best (Pty) Ltd is an instantly recognised brand active in the wholesale and retail of exclusive home décor textiles and homeware. The wholesale operation supplies fabric by the metre to independent decorators and shop owners, as well as, textiles and homeware to a select number of independent retailers. The retail operation comprises nine outlets offering fabric, homeware, and a make-to-order service in upmarket shopping precincts in the major cities of South Africa.

For more than 20 years, Coricraft (Pty) Ltd has been a preferred choice for exceptional value top-quality furniture. Over two decades, the brand has grown from a single store to a chain of almost 50 outlets in South Africa, Namibia and Botswana. The company boasts manufacturing facilities in both Cape Town and Johannesburg, where they manufacture a range of luxury couches. Beyond this substantial manufacturing presence lies a sophisticated retail infrastructure, with Coricraft stores located across the length and breadth of South Africa.

This transaction marks a new chapter for Biggie Best (Pty) Ltd as it finds a new home alongside one of the country's fastest-growing retail brands.

Commenting on this, Andre Bresler of Benchmark Corporate South Africa said: "It is a true privilege to have had a hand in the marriage of these iconic South African brands. This is a transaction that is a testament to the fact that good assets sell regardless of perceptions around the prevailing sector performance and macro-economic conditions."

On behalf of everyone at Benchmark International, we would like to wish both parties every success for the future.

Africa: Anthony McCardle at +2721 300 2055 / McCardle@BenchmarkCorporate.com

Americas: Sam Smoot at +1 (813) 898 2350 / Smoot@BenchmarkCorporate.com

Europe: Carl Settle at +44 (0)161 359 4400 / Settle@BenchmarkCorporate.com

ABOUT BENCHMARK INTERNATIONAL:

Benchmark International's global offices provide business owners in the middle market and lower middle market with creative, value-maximizing solutions for growing and exiting their businesses. To date, Benchmark International has handled engagements in excess of $6B across various industries worldwide. With decades of global M&A experience, Benchmark International's deal teams, working from 12 offices across the world, have assisted hundreds of owners with achieving their personal objectives and ensuring the continued growth of their businesses.

Website: http://www.benchmarkcorporate.com/ (http://benchmarkcorporate.com/)
Blog: http://blog.benchmarkcorporate.com/ (https://blog.benchmarkcorporate.com/)

Contact
Brittney Zoeller
***@benchmarkcorporate.com
End
Email:***@benchmarkcorporate.com Email Verified
Tags:Mergers And Acquisitions
Industry:Finance
Location:Cape Town - Cape Town - South Africa
Subject:Mergers
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
Page Updated Last on: Nov 20, 2019
Benchmark International PRs
Trending News
Most Viewed
Top Daily News



Like PRLog?
9K2K1K
Click to Share