HPS buys Slovenian wholesaler Merkur

The GP acquired the asset from its insolvent parent company Group Merkur for €28.56m, according to Slovenian publication Sta.

Established in 2007 and formerly known as Highbridge Principal Strategies, the GP span out of JP Morgan Asset Management in March 2016. In December 2016, the GP completed the fundraising for its third vehicle, a $6.6bn mezzanine debt fund named Mezzanine Partners Fund III, exceeding its initial $5.5bn initial target.

More recently, the fund manager announced the closing of its first Eurpean Asset Value Fund on €800m.

Company
Founded in 1896, Merkur is a marketplace for household products, machinery, construction tools and DIY products. Headquartered in Naklo, Slovenia, the business has 1,500 employees and generated €205m in net sales in 2015, according to unquote" sister company Mergermarket.

People
HPS Investment Partners – Scott Kapnick (CEO).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• Consumer
• CEE
• Slovenia