Blue Nile (jewelry online diamond) sold to Bain Capital.
If you are interested in the jewelry world, and not only to jewelry, keep an eye on this news: Blue Nile, the great American group of online sales of diamond jewelry, will be acquired by an investor group led by Bain Capital and Bow Street LLC, two private equity funds. The purchase will be in cash and is valued at $ 500 million. What does this mean? Simple: the financial world is betting on growth in sales of jewelry on the web. With the tender offer, will hand 100 percent of the ordinary shares (Blue Nile is a listed company). The Blue Nile shareholders will receive a premium of approximately 34 percent on the stock price. Now start the usual rigmarole of approvals, but the sale seems obvious, less than sensational raises. The jewelry company in the third quarter of 2016 marked net sales to 105 million dollars (but down 4.3 percent). But the sale of online jewelry is growing steadily for years. Federico Graglia
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