E-Commerce Divestitures in 2019

  • Web Deals Direct Acquires SCHÖN and ABFLEX Business Lines from EZ Innovations
    December 23, 2019
    Buyer
    Web Deals Direct LLC, East West Bank (East West Bancorp, Inc.)
    Target
    SCHÖN (business line / brand), ABFLEX (business line / brand)
    Seller
    EZ Innovations Ltd
    Industry
    E-Commerce
    Location
    United Kingdom
    Type
    Divestiture

    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.

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