Announced
Financials
Tags
Private Equity
Private
Germany
Diversified Retailers
department store operator
Single Bidder
Pending
Majority
Cross Border
Acquisition
Friendly
Synopsis
NRDC Equity Partners, a New York-based investment firm, and BB Kapital, Bernd Beetz’s family office, agreed to acquire Galeria Karstadt Kaufhof, a department store group in Europe. Financial terms were not disclosed. “BB Kapital’s experience in supporting organizational development and managing and developing brands makes us very complementary with NRDC Equity Partners’ track record of improving retail infrastructure and systems. This will be a very strong combination for Galeria going forward,” Michèle d’Ancona, BB Kapital CEO.
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