Metcash Limited → Total Tools Importing Pty Ltd, remaining 15% stake
completedDeal announced2023-11-13
BuyerMetcash Limited
SellerTotal Tools Importing Pty Ltd, remaining 15% stake
SectorTools Retail
ValueA$101.5M
Deal typeM&A
Metcash acquired the remaining 15% of Total Tools (having already held 85%) for approximately A$101.5 million, after minority owners exercised a put option, taking Metcash to 100% ownership. Completed 30 November 2023.
Why the buyer wanted it
Metcash wanted full ownership and control of the profitable Total Tools hardware retail banner rather than sharing economics with minority holders.
Why the seller agreed
Minority shareholders (including former management) exercised their contractual put option, crystallising the value of their remaining stake.
Stock reaction
Not specifically detailed in available coverage.
Deal mechanics
Deal structure
Put option exercise on remaining 15% stake