Nick Scali Limited has agreed terms to acquire the United Kingdom’s Anglia Home Furnishings, which trades as Fabb Furniture, and will go cap in hands to investors on Wednesday to fund the deal.
Street Talk understands Nick Scali will pay £2 a share for Fabb Furniture, funded by a $46 million underwritten institutional placement and a $4 million conditional placement to Scali Consolidated, an entity associated with chief executive Anthony Scali.has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.
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