on SHOWROOMPRIVE (EPA:SRP)
Showroomprivé plans to sell its stake in The Bradery
Showroomprivé, the European specialist in event sales, announces the signing of a letter of intent to sell its 52.75% stake in The Bradery to its founders Timothée Linyer and Edouard Caraco. The agreement provides for a €23 million acquisition, valuing The Bradery at €43.6 million. Showroomprivé acquired 51% of The Bradery in May 2022 for €10.2 million, highlighting the strong revenue growth of the platform specializing in premium event sales. The transaction is expected to be finalized by the end of 2025, strengthening Showroomprivé's financial structure.
R. H.
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