Vasilitsi DIY Strengthens Hold with Superhome Center Acquisition
Deal News | Jun 20, 2025 | Oaklins Cavendish
Vasilitsi DIY Ltd. has successfully completed the acquisition of Superhome Center (DIY) Ltd., a prominent name in Cyprus’s home improvement and DIY retail sector. The acquisition move comes as part of Vasilitsi DIY's broader strategy to solidify its presence in the DIY market and tap into the growth potential within Cyprus. Superhome Center, being a leading entity in this sector, offers Vasilitsi DIY an expanded market share and an enhanced customer base. Advising on the transaction was Oaklins Cavendish, showcasing their involvement in significant strategic deals within the retail sector.
Sectors
- Retail
- Investment Banking
Geography
- Cyprus – Both Vasilitsi DIY Ltd. and Superhome Center (DIY) Ltd. are operating in Cyprus, making it the primary geography for the transaction.
Industry
- Retail – The acquisition falls under the retail industry as it involves DIY and home improvement retail companies.
- Investment Banking – Oaklins Cavendish, as an advisory firm, is involved in facilitating the transaction, indicating the involvement of investment banking services.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Vasilitsi DIY Ltd. | Bidding Company | Company | Vasilitsi DIY Ltd. is the acquiring company expanding its presence in the DIY market through strategic acquisitions. |
| Superhome Center (DIY) Ltd. | Target company | Company | Superhome Center is a leading DIY and home improvement retailer in Cyprus and the company being acquired. |
| Oaklins Cavendish | Advisor | Company | Oaklins Cavendish acted as an advisor for the acquisition deal, facilitating the transaction processes. |