Hamm Reno Group Holding S.á.r.L. (HR Group)

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 400 stores. HR Group also manages footwear sales areas within larger retail customers, including department stores and Cash & Carry outlets at 2,000 points of sale in 20 European countries and increasingly online shops and marketplaces.

 

The transaction

HR Group and the Polish shoe retailer CCC S.A. have con-cluded a strategic partnership as of November 24th 2018 by which HR Group acquires 100% of CCC Germany GmbH which operates around 80 CCC-shops in Germany. CCC S.A. acquires a strategic minority stake in HR Group of approxi-mately 30% by purchasing a held by 12% from capiton and all shares from Flo / Ziylan a Turkish shoe retail group. Two call options arrange for a later possible exit of capiton to CCC.

 

The transaction remains subject to the approval of the com-petition authorities.

 

capiton / HR Group were advised by EY (Structuring), PwC (Buy & Sell-Side Support financial/tax) and Allen & Overy (Legal).