Lion Capital considering Hema exit

Lion Capital acquired Hema from Maxeda for €1.1bn in 2007. The private equity house indicates that it has been very pleased with Hema's perfromance throughout the downturn and believes this is the right time to sell. Citigroup and RBS have been appointed to run the sale process. 

Hema is an international retailer with a network of 530 stores in the Netherlands, Belgium, Germany, Luxembourg and France, as well as a website. The company has operated in the Netherlands for more than 80 years.

Hema offers its customers a range of general merchandise across 14 product categories, including apparel, home, personal care and food products, all under its own brand. The company has approximately 5,600 employees and in 2009 generated sales of €1.1bn. It posted a €97.9m operating profit for 2009, but recorded an €18.7m net loss due to debt financing costs.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com

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• Topics
• Benelux
• Exits
• Consumer
• Royal Bank of Scotland
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• Lion Capital