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New Deal


Announced

NRDC Equity Partners and BB Kapital to acquire Galeria Karstadt Kaufhof.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Private

Germany

Diversified Retailers

department store operator

Single Bidder

Pending

Majority

Cross Border

Acquisition

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Synopsis

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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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