Advent set to exit Takko

The company is valued at approximately €1.25bn. Takko benefited from the Germans' appetite for discount shopping, with sales increasing to €900m in 2009, up from €770m when Advent acquired the business in 2007.

The US private equity firm had acquired a majority stake from Permira, for a total consideration of €770m. HypoVereinsbank provided a senior-only debt package.

Founded in 1982 and headquartered in Telgte, Takko offers a wide range of fashion clothing and accessories at discount prices. It employs 10,800 staff and opened 150 new stores last year, most in central and eastern Europe. Takko now operates 1,400 outlets, including 950 in Germany.

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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