Hamm Reno Group GmbH & Co. KG

The company

HR Group is a leading European shoe retailer and wholesale system provider. RENO is the second-largest stationary shoe retailer across Germany, Switzerland and Austria and operates approximately 500 stores. HR Group also manages footwear sales areas within larger retail customers, including department stores and Cash & Carry outlets at 1,800 points of sale in 12 European countries and, increasingly, their online shops.

The transaction

capiton is acquiring the company as part of an MBO, together with a strategic partner, Ziylan Group, senior retail manager Peter M. Wolf (former board member of Tchibo and Karstadt) and the HR management team. capiton will hold a majority stake in HR Group. The transaction will be financed with resources provided by fund capiton V.

Ziylan is the largest shoe retailer in Turkey and has bean a portfolio company of Turkven Private Equity, a fellow member of the Global PE Alliance. capiton intends to work with Ziylan to realize synergies, particularly in procurement, to advance HR Group’s European growth strategy for the wholesale business, and to generate additional growth through select acquisitions in the retail business. capiton has reserved additional capital from its fund capiton V to finance this growth strategy.

The transaction remains subject to the approval of the competition authorities. Buyers and sellers have agreed not to disclose the financial terms of the transaction.

capiton was advised by OC&C (commercial), EY (financial, tax), Egon Zehnder (management audit), Allen & Overy (legal, ESG) and Herter & Co (debt advisory) in this transaction.

Pressemitteilungen

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