July, 2012 – Sell Side Advisory
The partners of A3 Capital have served as the exclusive finance consultants of Touch Watches, in the sale process of its total operational entities’ shares to Grupo Technos. The transaction closed on July 24th, 2012 and the definitive agreement signed between the parties presupposes an initial payment to the sellers, and also, a conditional payment along the next three years related to the operational metrics of the business. The transaction represents the union of the biggest watches company of Latin America with the biggest watches franchisor in Brazil. For Further information, access Material Fact.
About Grupo Technos
Grupo Technos is the biggest watches company of Latin America. Since 1956, it has been developing, assembling and distributing watches, directly or through its subsidiaries. It started its operations with the brand “Technos” and, over the years, diversified its portfolio to other brands and market segments. Present in all Brazilian states, before Touch Watches’ acquisition, it had seven owned or licensed brands: Technos, Mormaii, Mariner, Euro, Allora, Timex and Seiko. Having its shares traded by the code TECN3 at BM&F Bovespa since 2011, Grupo Technos meets the maximum degree of Corporate Governance, called Novo Mercado. For further information, please access www.grupotechnos.com.br.
About Touch Watches
Touch was founded in 2009 and had an expressive growth along the three years since its foundation, achieving a total of 86 exclusive points of sales, among kiosks and stores, in 23 Brazilian states. The company started its business with watches, focusing on the fast fashion concept which counts on frequent releases with accessible prices. Touch offers by its exclusive channel a wide range of styles and types for male and female costumers, focusing on the price range between BRL 59 and BRL 199 for its customers. In 2012, the company was selected by the Entrepreneur Institute Endeavor Brazil and received the certification of “Excellence in Franchising” from ABF – Brazilian Association of Franchising. Recently, it also started to sell sun glasses. For further information, access www.touchwatches.com.br.