Web Deals Direct Acquires SCHÖN and ABFLEX Business Lines from EZ Innovations
December 23, 2019
Web Deals Direct completed a financing with East West Bank and acquired the SCHÖN and ABFLEX business lines from EZ Innovations Ltd, closing on December 23, 2019. GulfStar acted as financial advisor to Web Deals Direct; East West Bank provided the financing to support the acquisition of the U.K.-based brands.
- Buyers
- Web Deals Direct LLC, East West Bank (East West Bancorp, Inc.)
- Targets
- SCHÖN (business line / brand), ABFLEX (business line / brand)
- Sellers
- EZ Innovations Ltd
- Industry
- E-Commerce
- Location
- United Kingdom
- Transaction Type
- Divestiture
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