Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Corporate Services  New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / JD Sports bolsters acquisition war chest with fundraising

JD Sports bolsters acquisition war chest with fundraising

Thu, 04 Feb 2021 | BUSINESS NEWS



JD Sports plans to raise around £464 million through a placing of ordinary shares as the retailer seeks to capitalise on acquisition opportunities. Based on the company’s current market capitalisation of £7.95 billion, JD Sports said the placing would raise “around 6 per cent” of existing issued share capital.

The placing will involve close to 58.4 million new ordinary shares, with an issue price of 795p per share. The fundraising comes after the company upgraded its pre-tax profit forecast for the year to January 30 to £439 million, compared to £100 million in 2015. JD Sports said that strong overseas performance had been a “major factor in the significant growth” of its pre-tax profit.

The expected proceeds of the raising will sit alongside the company’s net cash, which was reported as £1 billion in December 2020 (prior to its recent £364 million acquisition of US sportswear retailer DTLR Villa), and a £700 million revolving credit facility.

With this substantial acquisition war chest, the company said it believes “there are a number of potentially attractive acquisition opportunities that will become available in due course and which will continue to support the group’s successful global expansion strategy”.

The fundraising will be conducted via an accelerated bookbuild, with Investec Bank and Peel Hunt acting as co-ordinators and joint bookrunners. Applications have been lodged with the FCA for the placing to be admitted to the London Stock Exchange’s premium listing segment, with admission expected on February 8.

JD Sports has continued to perform strongly during the COVID-19 pandemic and looked set to acquire Debenhams late last year, before withdrawing its interest in the wake of Arcadia Group’s collapse. In June, the company put its subsidiary Go Outdoors into administration, before re-acquiring it the same week in a pre-pack acquisition.



Find businesses for sale here.

If you are looking for an exit, we can help!


Share this article



Latest Businesses for Sale

Commercial Vehicle Business For Sale
UK Wide

• Leasehold premises – 8 years left • Well-presented Website • 20ft x 8ft Portable Office • 10ft x 8ft Store room container • Water & electric on site • Site can hold 40 vehicles • Vehicles not included in sale – can be purchased on top of sal...

Asking Price: £270,000
Turnover: £701,493

LEASEHOLD


Supplier of Outdoor Sporting Equipment
UK Wide

Supplies a comprehensive range of specialist high-end sporting equipment, with individual models retailing at up to £5k. Primarily sells to the general public, holiday parks and activity centres, with additional revenue generated by the film and TV p...

Asking Price: Offers Invited
Turnover: £392,000

RELOCATABLE


E-Commerce Provider of Printed Garments & Accessories
UK Wide

Rapidly expanding online retailer of distinguished garments and accessories serving a diverse client base comprising both B2B and B2C custom. Using in-house printing and manufacturing software the company has cultivated a unique portfolio of clothing...

Asking Price: Offers Invited
Turnover: £4,584,000


View more businesses for sale

News Search

Latest News

 
20
 
May
 

Administrators seek buyer for gourmet instant noodle brand | ADMINISTRATION

Bournemouth-based instant foods brand Mr Lee’s Pure Fo...

 
19
 
May
 

Knights continues acquisition-lead growth strategy with £11.5m deal for law firm | BUSINESS SALE

Legal services company Knights has acquired Portsmouth-headq...

 
18
 
May
 

Insolvencies forecast to surge 37 per cent in 2022 as inflation hits 40-year high | BUSINESS NEWS

Businesses in the UK look set to come under continuing press...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
29
 
Sep
 

JD Sports marks foray into beauty sector with Hairburst stake acquisition | BUSINESS SALE

Sports retailer JD Sports has acquired a majority stake in o...

 
11
 
May
 

JD Sports continues acquisition spree with Oi Polloi deal | BUSINESS SALE

Sports retailer JD Sports has continued its acquisition spre...

 
01
 
Dec
 

Debenhams set to close after JD Sports withdraws interest in wake of Arcadia collapse | BUSINESS NEWS

JD Sports has confirmed that it has pulled out of talks to a...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2022. Business Sale Report Ltd. All rights reserved. www.business-sale.com.