B&S Group S.A. completed the acquisition of 70% stake in Lagaay International B.V.
July 14, 2019
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B&S Group S.A. (ENXTAM:BSGR) reached an agreement to acquire 70% stake in Lagaay International B.V. on April 4, 2019. Post-acquisition, the operations of Lagaay International B.V. will be transferred and integrated into the current operations of B&S Segment. The transaction will be financed partly through a medium term loan secured with the existing banks of B&S Group S.A. Lagaay International B.V. had revenue of €42 million and earnings before interest, tax, depreciation and amortization of €3 million for the year ended 2018. The current management of Lagaay International B.V. will remain post acquisition with a minority stake. The deal is subject to customary and regulatory approvals. As of May 20, 2019, the transaction is planned to close in the coming weeks. The transaction will contribute to the results in second half 2019. Ernst & Young acted as accountant to B&S Group S.A.
B&S Group S.A. (ENXTAM:BSGR) completed the acquisition of 70% stake in Lagaay International B.V. on July 15, 2019. Harmen Holtrop and Louis Lutz of Loyens & Loeff N.V. acted as legal advisor to B&S Group S.A.
B&S Group S.A. is a value adding distributor of consumer goods (health & beauty products, liquors, food & beverages, Electronics) in over 100 countries and acts as a single source supplier to attractive channels and specialized markets worldwide.
B&S Group S.A. provides tailored solutions throughout the supply chain, linking suppliers and customers that would otherwise find it difficult to connect. Customers include:
- Retail (B2B): value, online, secondary, underserved, and duty-free;
- Maritime: ship suppliers and cruise lines;
- Remote: caterers at remote industrial sites, peacekeeping missions, government and defence operations;
- Retail (B2C): customers in (travel) retail outlets and specialty retail markets.
B&S GROUP S.A. 
