{"id":1384,"date":"2016-04-01T10:14:46","date_gmt":"2016-04-01T08:14:46","guid":{"rendered":"https:\/\/herter.oms-smart.de\/herter-co-advises-capiton-and-the-hamm-reno-group-gmbh-co-kg-hr-on-the-financing-of-the-acquisition-of-a-majority-stake-by-a-group-of-investors-led-by-capiton\/"},"modified":"2020-02-25T10:15:34","modified_gmt":"2020-02-25T09:15:34","slug":"herter-co-advises-capiton-and-the-hamm-reno-group-gmbh-co-kg-hr-on-the-financing-of-the-acquisition-of-a-majority-stake-by-a-group-of-investors-led-by-capiton","status":"publish","type":"post","link":"https:\/\/herter.oms-smart.de\/en\/herter-co-advises-capiton-and-the-hamm-reno-group-gmbh-co-kg-hr-on-the-financing-of-the-acquisition-of-a-majority-stake-by-a-group-of-investors-led-by-capiton\/","title":{"rendered":"Herter & Co. advises capiton and the Hamm Reno Group GmbH & Co. KG (“HR”) on the Financing of the Acquisition of a Majority stake by a group of Investors led by capiton"},"content":{"rendered":"
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capiton has acquired HR<\/a>, \u00a0jointly with strategic partner \u00a0Ziylan Group,\u00a0 a Turkven Private Equity holding, senior retail manager Peter M. Wolf, and the HR Management Team, through an MBO. \u00a0capiton will hold a majority stake in HR Group.<\/p>\n

The credit facilities provided by a group of German and European banks, will ensure that the resource requirements of HR\u00a0 for the coming years are met. Herter & Co.’s responsibilities included advising on the structuring of the purchase offer, advising on the development of the financing structure and managing the financing processes, as well as modeling, banks Q&A\u00a0 and term sheet and credit agreement negotiations.<\/p>\n

“Herter & Co.’s experience in complex financing situations has helped us immensely during the structuring of the acquisition.” said Frank Winkler, a Partner at capiton.<\/p>\n

According to Mathias Loop, CFO at HR: “Against the background of the multitude of tasks pertaining to negotiations, the expert support provided by Herter & Co. was extremely helpful”<\/p>\n

About HR:<\/p>\n

The HR Group<\/a> is a leading European shoe retailer and wholesaler. As the second biggest stationary shoe trader in Germany, Austria and Switzerland, the company operates 500 branches under the RENO<\/a> brand.<\/p>\n

As a system wholesaler, the HR Group further manages department stores and 1800 cash & carry stores in 12 European countries, as well as increasingly managing their online shops.<\/p>\n

This business model, born out of the shoe-selling activities of a family business with 125 years of traditions, is in its form unique in Europe.<\/p>\n

About capiton:<\/p>\n

capiton is an owner-managed financial investor that invests in large SMEs in Germany, Austria and Switzerland by means of MBOs and expansion financing. capiton’s roots go back to the late 1970s. You can find capiton’s original press release here<\/a>.<\/p>\n

About Ziylan:<\/p>\n

Strategic partner Ziylan, is the biggest shoe retailer in Turkey, and also runs its own shoe production sites. The joint approach should offer synergies\u00a0 in particular with regards to procurement, boosting further the European growth strategy for wholesale, as well as capturing inorganic potential in the retail shoe market. Further funds for this have been reserved by capiton, in their capiton V Fund.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

capiton has acquired HR, \u00a0jointly with strategic partner \u00a0Ziylan Group,\u00a0 a Turkven Private Equity holding, senior retail manager Peter M. Wolf, and the HR Management Team, through an MBO. \u00a0capiton…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[24],"tags":[],"acf":[],"yoast_head":"\nHerter & Co. advises capiton and the Hamm Reno Group GmbH & Co. KG ("HR") on the Financing of the Acquisition of a Majority stake by a group of Investors led by capiton - Herter & Co<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Herter & Co. advises capiton and the Hamm Reno Group GmbH & Co. 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