Capiton buys Hamm Reno

The remaining shares will be held by Istanbul-based competitor Ziylan, HR's management team and ex-Karstadt CEO Peter Wolf. The seller, ex-Metro board member Stefan Kaske, will also keep a stake in the company.

Kaske previously held 50% of the business, while the Hamm family owned 45% and managing co-partner Matthias Händle 5%. Händle mandated Rothschild last year to find a buyer for the asset.

Ziylan hopes to profit from synergies when it comes to purchasing and a mutual use of trademark rights.

Company
Founded through the merger of shoe businesses Hamm and Reno in 2005, the retailer has 530 shops in 10 countries. Based in Osnabrück, Hamm Reno employs 4,500 people and has revenues of €550m.

People
Capiton – Manuel Hertweck (managing partner).
HR Group– Matthias Händle (managing co-partner).

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• capiton AG