Sorgem Evaluation assisted the Adéo Group with the valuation of the delamaison.fr website as part of the acquisition of the remaining stake not yet held.
Adéo (operating brands such as Leroy Merlin, Weldom and Bricoman) is the French market leader and the world’s third-largest player in the furniture, DIY and home décor sectors, with turnover of 17.6 billion in 2015.
Following the acquisition of a stake in 2012 in the delamaison.fr website, which specialises in the online retail of furniture and home décor items, Adéo wished to exercise its call option on the remaining stake it did not yet hold.
Sorgem Evaluation acted as adviser to Adéo on the valuation of delamaison.fr and the determination of the purchase price for the acquired minority stake.
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