Eight Advisory carried out the financial, tax and IT buy-side due diligences on behalf of JD Sports Fashion in the context of its proposed acquisition of Courir

Eight Advisory performed financial, tax and IT due diligence on behalf of JD Sports Fashion for its proposed acquisition of French market leader Courir, valued at €325 million in cash and €195 million through assumption of debt.

The purchase will support the British group’s ambitions to expand in Europe and open new shop concepts (1,750 new stores in the next five years).

“Eight Advisory was pleased to support the decisions of an ambitious group like JD Sports. This transaction represents an important step towards achieving their goals and consolidating their position in a highly competitive sector, strengthening their position in the French sports market,” said Justin Welstead, Founding Partner – Transaction Services at Eight Advisory.

Eight Advisory participants in this operation: 

Financial due diligence

• Justin Welstead, Founding Partner – Transaction services
• François Gallizia, Partner – Transaction services
• William Doyle, Senior Manager – Transaction services
• Youssef Khadiri, Manager – Transaction services

Tax due diligence

• Guillaume Rembry, Partner – Attorney at law
• Guillaume Exerjean, Attorney at law
• Maxence Linker, Attorney at law

IT due diligence

• Jean-Christophe Fuzzati, Partner – IT Advisory
• Adrien Kassel, Senior manager – IT Advisory