Linklaters has advised the financial investors Apax Partners on the acquisition of the value-clothing retailer Takko Holding GmbH from Advent International. In the framework of a so-called dual track process, Apax Partners successfully outbid several other bidders for the fashion chain.
Advent had acquired the German retailer, which operates approximately 1,400 locations in Germany, the Benelux countries and Eastern Europe, from the private equity house Permira in August 2007. Takko boasts revenues of ca. €900m annually and employs more than 10,000 people.
A Linklaters team led by Dr Rainer Traugott and Dr Stephan Morsch advised Apax comprehensively throughout the transaction.
The team also included Dr Angela Poschenrieder, Dr Marcus Klie (corporate, Munich), Dr Florian Harder, Fabian Liepe, Julia Bepler (corporate, Frankfurt), Pieter Riemer, Heidi Summa, Jente Marie Bruins Slot, Ronald Lantman, Sarah Barrat-Brown (corporate, Amsterdam), Marc Trinkaus, Dr Jasmin Dettmar (banking, Frankfurt), Adriana zur Nedden (capital markets, Berlin), Carolin Goll-Müller, Thomas Bader (employment, Munich), Dr Thomas Elser, Dr Jan Jetter (tax, Munich), Carsten A. Bremer (real estate, Berlin), Dr Jens Matthes, Fabian Ziegenaus (IP, Düsseldorf), Carlton Evans and Tom Watkins (corporate, London).
