Renters choice to acquire Thorn's U.S. operations

Article Abstract:

Renters Choice Inc., an upstart based in Dallas, TX, will buy the US operations of London, UK-based Thorn PLC for $900 million. The transaction will make Renters Choice the biggest operator of rent-to-own stores in the world with over 2,000 stores across the US and an estimated annual revenue of around $1.2 billion. The deal is also in line with Renters Choice's strategy of acquiring stores in an extremely fragmented industry. The US Thorn unit, Kansas-based Thorn Americas Inc., operates around 1,400 rent-to-own stores under the brand names U-Can Rent, Remco and Rent-A-Center. Renters Choice will assume all Thorn's other legal liability, while Thorn has agreed to indemnify Renters Choice for lawsuits in Pennsylvania and Minnesota.

Comment:

Will buy the US operations of London, UK-based Thorn PLC for $900 mil

All Other Personal Services, Personal Services NEC, Service industries, Personal care industry, Renters Choice Inc., Thorn PLC

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Milken, Ellison bolster their presence in consulting with another acquisition

Article Abstract:

Nextera Enterprises LLC, an independent consulting unit of Knowledge Universe, which was co-founded by brothers Michael and Lowell Milken and Oracle Corp. Chairman Lawrence Ellison, has acquired Sibson & Co. of Princeton, NJ, a mid-size management-consultancy firm, under undisclosed terms. The purchase of Sibson, which has an annual revenue of about $45 million, is a step towards attaining Nextera's goal of becoming a $1 billion-a-year business by 2000. The company's recent acquisition of four consultancy firms include Planning Technologies Group and Symmetrix Inc., both of Massachusetts.

Comment:

Its independent consultancy unit Nextera Enterprises has acquired Sibson & Co of Princeton, NJ, under undisclosed terms

Other Management Consulting Services, Business & Mgmt Consulting NEC, Consulting services, Sibson and Company Inc., Nextera Enterprises LLC, Knowledge Universe Inc.

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Investcorp deal boosts shares of Jostens 31%

Article Abstract:

Investcorp SA and other investors have reached a deal to acquire Jostens Inc. for approximately $950 million (938 million euros). Jostens saw its share value increase by 31% as a result of the deal.

Foreign operations, Precious Metal Jewelry, Jewelry (except Costume) Manufacturing, Bahrain, Jewelry, precious metal, Mergers, acquisitions and divestments, Fine jewelry, Precious metals industry, Jewelry industry, Jostens Inc., JOS, Investcorp S.A.

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