Private equity firms Parcom Capital and Mississippi Ventures, completed the acquisition of Hema, a Dutch variety store-chain for $522m. The 50/50 consortium of Parcom and Mississippi Ventures combines retail and management experience with an entrepreneurial spirit and business acumen. The consortium sees great potential in HEMA. “Today’s announcement marks an important next step for HEMA with intended future shareholders that will create a stable operating platform for the roll-out of our strategic plans going forward. With the closing of our capital restructuring, HEMA realises a major turnaround, including a strengthened balance sheet and ample liquidity. Both parties have Dutch roots and have expressed a strong commitment to HEMA’s strategy, management and employees, as well as our unique brand and heritage," Tjeerd Jegen, Hema CEO.