Lagardère Travel Retail $530 million acquisition of Paradies

Overview:

• Lagardère Travel Retail, a French based airport retail operator, successfully acquired Paradies, an Atlanta based company in the same sector, for $530 million. 
• The company made the acquisition from private equity firm Freeman Spogli & Co, as well as the the Paradies family and other shareholders. 
• The North American activities of the company is henceforth known as Paradise Lagardére Travel Retail, will be run by former Paradies CEO Gregg Paradies, and forecasted sales are to be around $800 million.
• Barclays provided financial advise to Paradies. 

John Crabb - Journalist