Alteri acquires Intertoys from Blokker

Financial details of the deal remain undisclosed, though according to unquote" sister publication Mergermarket, the firm typically writes equity cheques of £10-50m. Alteri targets companies with turnovers of €100m-2bn.

The acquisition of Intertoys, which is expected to complete by the end of November 2017 following regulatory approval, includes former Bart Smit and Toys XL stores.

Under its new owners, the company will invest in the refurbishment of stores, development of its online platform and marketing activity.

The transaction comes 16 months after Blokker decided to merge Intertoys, Bart Smit and Toys XL into one business under the Intertoys brand. The majority of Bart Smit stores have now been converted to Intertoys, though the Belgian locations and 13 Dutch stores are yet to be rebranded. Toys XL stores are due to be converted to Intertoys stores by the end of 2017.

Company
Founded in 1976 and headquartered in Gouda, Intertoys is a toy retail group. It has around 500 stores – 100 of which run on a franchise basis – across the Netherlands, Belgium, Germany and Luxembourg. Intertoys has a headcount of 4,000.

People
Alteri Investors – Gavin George (CEO).
Blokker Holding – Jeroen Visser (chief financial officer).

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• Topics
• Buyouts
• Benelux
• Consumer
• Netherlands