Watches of Switzerland Group plc (LSE:WOSG) acquired Roberto Coin Inc. from Roberto Coin S.p.A. for $130 million on May 8, 2024. The Acquisition completed for a total cash consideration of $130 million of which $10 million is deferred for one year and contingent on the future profitability of the acquired business, subject to working capital adjustments. Roberto Coin Inc 2023 preliminary and unaudited revenue was $138.7 million and profit before taxation $30.2 million. The Acquisition was financed via a new $115 million term loan facility. The transaction increased the Group's leverage to c.0.8x Net Debt4/Adjusted EBITDA5. The Acquisition will be margin enhancing and EPS accretive from the date of acquisition. Roberto Coin Inc. will continue to operate as an independent, standalone company within the Watches of Switzerland Group. The Coin family will retain a seat on the Board of Directors of Roberto Coin Inc. and Peter Webster will remain as President of Roberto Coin Inc. Sam Mahboubian and Philip Lee of Linklaters has advised Barclays Bank PLC and BNP Paribas as the mandated lead arrangers and bookrunners, in connection with the $115m acquisition bridge term loan facility for the Watches of Switzerland Group to finance their acquisition of Roberto Coin Inc.

Watches of Switzerland Group plc (LSE:WOSG) completed the acquisition of Roberto Coin Inc. from Roberto Coin S.p.A. on May 8, 2024.