Tag Archives: Retail

PAI Partners enters into an agreement for the sale of Uvesco

PAI Partners

PAI Partners, a pre-eminent private equity firm, today announces that it has agreed to sell its entire shareholding in Uvesco, a leading player in the Spanish food distribution sector, to a consortium of institutional investors from the Basque region. The consortium is led by Ángel Jareño, CEO of Uvesco, who will reinvest in the business jointly with other managers and continue to lead the company in its next phase of growth. The group includes: current Uvesco minority shareholders from the company’s founding families; local bank Kutxabank, through its investment vehicle Indar; and Basque private equity firms, Inveready and Stellum.

The transaction follows a successful period of ownership through the PAI Mid-Market Fund (“PAI MMF”), PAI’s fund dedicated to mid-market opportunities.

Headquartered in Guipúzcoa in Spain, Uvesco operates a network of 344 stores under the BM Supermercados and Super Amara brands. The company’s differentiated model is based on proximity stores, with a strong focus on fresh, high-quality and locally sourced products and a solid presence in Northern and central Spain, including the Basque Country, Cantabria, Navarra, La Rioja and Madrid. Uvesco stores feature a wide range of more than 15,000 products, with a high share of manufacturer brands, delivering high customer satisfaction alongside its premium brand positioning.

PAI MMF acquired a majority stake in Uvesco in April 2022, with the aim of supporting the company’s growth and accelerating its development in a fragmented market. Under PAI’s ownership, Uvesco has evolved from a strong local operator into a nationwide grocer, with a growing presence both in Northern Spain and Madrid, and continued market share gains. Uvesco has increased revenues by more than a third to €1.3 billion in 2025 and expanded its footprint with the opening of 50 stores.

Leveraging its deep Food & Consumer expertise and strong track record of supporting growth and transformation, PAI worked closely with the Uvesco management team to drive value creation through organic growth and strategic M&A. This included the acquisition of Hiber supermarkets in the key region of Madrid, while further strengthening governance and leadership. With PAI’s support, Uvesco optimised its commercial offer, strengthened its sales channels, increased online sales, and maximised efficiency through demand planning, improving supply chain and logistics effectiveness and reducing waste.

This agreement further reinforces Uvesco’s commitment to its local roots in the Basque Country and the continuity in its business model that will strengthen the company’s foundational values, focused on high-quality employment, geographical expansion, sustainability and social commitment.

Mateo Pániker Rumeu, a Founding Partner of PAI MMF, said: “Uvesco is a great example of PAI MMF’s strategy of partnering with founding families and strong management teams to support long-term value creation at growth-oriented business in the Real Economy. Leveraging the full knowledge and expertise of the PAI platform, we worked closely with Ángel and his team to strengthen Uvesco, support expansion and position the company for its next phase of growth. We are proud to have been part of Uvesco’s journey and wish the management team every success in this next chapter.”

Ángel Jareño, CEO of Uvesco, said: “I am delighted to be leading Uvesco into its next phase and extend my gratitude to PAI for their significant support in the transformation of Uvesco thus far. This unique consortium empowers Uvesco to continue on its growth path while preserving its autonomy and deep Basque heritage. I look forward to working with the Uvesco team and our new investors as we continue to bring fresh, high-quality and locally-sourced products to consumers across Spain.”

The transaction is expected to close in the first quarter of 2026.

About Uvesco

BM Supermercados (Uvesco Grupo) has a total of 344 stores and operates an e-commerce service, supported by four logistics centres. With a nationwide presence across Spain, including Madrid, Ávila, Guadalajara, the Basque Country, Navarra, Cantabria and La Rioja, the company employes more than 7,000 people. It serves as a reference in the sustainable creation of employment and value in the communities in which it operates.

About PAI Partners

PAI Partners is a pre-eminent private equity firm investing in market-leading companies across the globe. The Firm has c. €30 billion of assets under management and, since 1994, has completed over 100 investments in 12 countries and realised more than €33 billion in proceeds from c. 70 exits.

PAI has built an outstanding track record through partnering with ambitious management teams where its unique perspective, unrivalled sector experience, and long-term vision enable companies to pursue their full potential – and push beyond. Learn more at www.paipartners.com.

Contacts

PAI Partners
Dania Saidam
+44 20 7297 4678

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Ratos company HL Display signs an agreement to acquire Deinzer Holding GmbH

Ratos

HL Display has signed an agreement to acquire Deinzer Holding GmbH, a full-service provider of custom-made point-of-sale display solutions for retailers and brand suppliers. The acquisition will further strengthen HL’s bespoke offer as well as its position as a leading supplier of in-store merchandising and communication solutions in Europe. The acquisition is the latest step in the company’s accelerated growth journey.

Founded in 1966, Deinzer has established itself as a premium full-service provider of multi-material in-store display solutions for leading retailers and brands. Today, the company based in Langenfeld, Germany is generating an annual turnover of €30m. Having shaped visibility at the point of sales for decades, Deinzer and its team of 180 employees have built a reputation for high quality custom design and production as well as strong customer relationships.

“I am excited to announce our intention to acquire Deinzer. The company is appreciated by its customers for their bespoke design and production capabilities, which makes them a great complement to our own portfolio of tailor-made and standard solutions. With this acquisition we will be able to create a hub for a custom-made, multi-material permanent display offer, supporting our customers in Germany and Central Europe.I am looking forward for the Deinzer team to join HL Display,” says Björn Borgman, CEO, HL Display.

The completion of the acquisition is subject to customary closing conditions, including approval by competition authorities, which is expected to be obtained during the first quarter of 2026.

About HL Display
HL is a leader in in-store merchandising and communication solutions, helping customers to create a better shopping in-store experience for shoppers and personnel. Founded in 1954, HL today is present in more than 70 countries and solutions can be found in 350,000 stores, supporting customers to grow sales, inspire shoppers, drive efficiency, reduce waste and improve work in-store. The three customer segments are retail food, branded good suppliers and non-food retail.

Ratos AB is the majority owner of HL Display.

For more information, please contact:
Katarina Grönwall, VP Communications & Sustainability
+46 70 300 35 38
katarina.gronwall@ratos.com

Anna Vilogorac, CFO & IR
+46 70 616 50 19
anna.vilogorac@ratos.com

About Ratos
Ratos is a Swedish publicly listed business group consisting of 14 companies across three business areas: Construction & Services, Industry and Consumer. The Group operates mainly in the Nordic region, with net sales of SEK 32 billion and an adjusted EBITA of SEK 2.3 billion in 2024, and with a total workforce of around 10,900 employees. Ratos is headquartered in Stockholm, Sweden.

We have a distinct corporate culture and strategy – everything we do is based on our core values: Simplicity, Speed in Execution and It’s All About People. We enable independent subsidiaries to excel by being part of something larger.

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Ratos company HL Display signs an agreement to acquire Deinzer Holding GmbH

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Bain Capital and 11North Partners Close $1.6 Billion Capital Raise to Invest Alongside their Co-Owned Open-Air Retail Platform

BainCapital

Raise was anchored by two leading global institutional investors

BOSTON & NEW YORK – December 16, 2025 – Bain Capital Real Estate (“Bain Capital”) and 11North Partners (“11North”) today announced the close of a capital raise of up to $1.6 billion to invest alongside their co-owned, dedicated open air retail-focused operating platform (“the Platform”). The successful raise supports Bain Capital and 11North’s ability to distinctively invest in high-quality open-air retail centers throughout the United States and Canada and across the core plus and value add spectrum. The capital raise was anchored by two leading global institutional investors and includes commitments from existing and new Bain Capital investors. Together with participation from Bain Capital Real Estate Fund III, the Platform has access to more than $2 billion of investable equity.

Bain Capital and 11North formed the Platform in April 2024 to acquire grocery-anchored, open-air retail centers with high concentrations of necessity-based tenants and strong long-term consumer demand characteristics. Since launching, the Platform has acquired a diversified portfolio of assets with resilient and durable cash-flow profiles in markets benefiting from strong population and income growth.

“This Platform is a testament to Bain Capital’s more than 40-year heritage of thematic investing in the consumer sector, which has enabled us to build deep institutional knowledge and differentiated insight into how real estate can capitalize on and adapt to shifts in consumer behavior. It also reflects how we invest across Bain Capital Real Estate – thematically, with advantage, and with discipline in partnership with aligned operators who bring deep domain expertise,” said Ryan Cotton, a Partner and Head of Bain Capital Real Estate.

“From the beginning of 11North Partners, our shared vision with Bain Capital was to build a platform that could thoughtfully invest across both core plus and value add opportunities. This first capital raise delivers on that vision and positions us to scale with discipline,” said Brian Harper, Founder and Managing Partner of 11North. “We are grateful to be partnering with two of the largest and most respected investors in the world, and we will remain focused on acquiring generational grocery-anchored real estate across the United States. The structure of our Platform gives us the flexibility to pursue single assets, large portfolios, or company-level opportunities as we continue to build upon our existing, high-quality collection of assets.”

“We see open-air retail continuing to benefit from durable secular trends, including the growth of omnichannel shopping, healthy sales performance in essential categories, and evolving consumer patterns that keep daily needs closer to where people live. These dynamics create a supportive environment for necessity-based centers in strong, accessible locations, and with the right partnership in place, we believe we are well positioned to continue assembling a best-in-class portfolio that delivers lasting value for our investors,” added Martha Kelley, a Managing Director at Bain Capital Real Estate.

The Platform primarily focuses on investment opportunities in markets experiencing strong demographic tailwinds and exceptional sales productivity among target retailers. Most recently, Bain Capital and 11North completed the acquisition of a $395 million, 10-asset portfolio of Publix-anchored centers in infill markets across Florida and Charleston, South Carolina. That acquisition followed the purchase of three open-air lifestyle retail centers in Oklahoma City, Oklahoma for approximately $212 million. The transactions reflect the Platform’s continued momentum in high-growth, high-conviction markets.

About Bain Capital Real Estate

Bain Capital Real Estate was formed in 2018 and pursues investments in often hard-to-access sectors underpinned by enduring secular trends that drive long-term demand growth for real estate assets and services. The Bain Capital Real Estate team has been executing its strategy since 2010 (formerly as a part of Harvard Management Company), having invested and committed over $10.7 billion of equity across multiple sectors as of September 30, 2025. Bain Capital Real Estate focuses on assets where the team applies its deep industry expertise to accelerate impact and drive operational improvements. Bain Capital Real Estate’s strategy aligns with the value-added investment approach that Bain Capital pioneered and leverages the firm’s global platform and significant experience across asset classes to further bolster its insights and sourcing capabilities. Bain Capital is one of the world’s leading private investment firms with approximately $205 billion of assets under management. For more information, visit https://www.baincapitalrealestate.com.

About 11North Partners

11North Partners is a real estate investment firm redefining the modern retail landscape through disciplined execution, strategic partnerships, and data-driven performance. We own a collection of market-leading retail assets diversified across geographies and formats, with a focus on quality, superior risk-adjusted returns and long-term value creation. For more information, visit https://www.11northpartners.com.

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Apollo Funds to Acquire Prosol Group, a Leading French Fresh Food Retailer

Apollo logo

Investment Supports Growth of Prosol’s Proprietary Fresh Food Model and Distinctive Customer Proposition

NEW YORK, Dec. 16, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that Apollo-managed funds (the “Apollo Funds”) have agreed to acquire a majority stake in Prosol Group (“Prosol” or the “Company”), the multi-specialist in fresh food businesses and food retail in France, from Ardian. Prosol’s existing shareholders and management team will reinvest alongside the Apollo Funds.

Founded in 1992, Prosol has differentiated itself by building a proprietary, vertically integrated supply chain, sourcing fresh, quality products resulting in a highly loyal and fast-growing customer base. Prosol operates nearly 450 stores across France under two main banners: Grand Frais, where it provides the fruits, vegetables, dairy and fish; and Fresh., a fully owned chain of stores that sell fruits, vegetables, dairy, fish, and meat. By working with over 2,300 partners to source premium produce and focusing on best-in-class in-store experiences, Prosol’s retail concept has developed a leading position among customers, with Grand Frais achieving high consumer sentiment in France. Prosol’s portfolio of retail brands also includes La Boulangerie du Marché, mon-marché.fr, BioFrais, and Banco Fresco in Italy.

Alex van Hoek, Lead Partner for European Private Equity at Apollo, said, “Prosol is a clear category leader in fresh food retail, with a powerful customer proposition and outstanding sourcing model. Under the leadership of Jean-Paul, the Company has demonstrated consistent organic growth over time, providing shoppers with exceptional quality products, breadth of assortment and strong value for money. As Prosol looks to expand its estate both in France and internationally, Apollo will draw on our extensive retail expertise to support the management team’s growth plans while maintaining the distinctive identity beloved by customers.”

Jean-Paul Mochet, Chief Executive Officer at Prosol, said, “This investment marks the beginning of an exciting new chapter for Prosol and is testament to not only the strength of our business, but also the deep relationships we have formed with our suppliers and customers. With the support and expertise of such a strong partner in Apollo, we are well-positioned to achieve our long-term growth ambitions and bring our distinctive retail concept to more customers across Europe.”

Apollo’s private equity business has a long and successful track record of transforming businesses spanning more than 35 years, including significant experience in the retail and consumer sector. Apollo has been actively investing in France for more than two decades and today has about €14 billion invested with French companies across its strategies. Certain French private equity investments include Constellium, Verallia and Vallourec, while Apollo has also provided large-scale capital solutions to leading French corporates including Air France-KLM, EDF and TotalEnergies, among others. Atlantys Investors, founded by Jean-Luc Allavena, serves as an advisor to Apollo in France.

The transaction is subject to satisfaction of certain closing conditions, including regulatory approvals, and is expected to close in Q2 2026.

UBS AG served as lead financial advisor to the Apollo Funds, while Royal Bank of Canada and Lazard also served as financial advisors. Sidley Austin LLP, Paul, Weiss, Rifkind, Wharton & Garrison LLP and Cleary Gottlieb Steen & Hamilton LLP served as legal counsel on the transaction.

About Apollo
Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of September 30, 2025, Apollo had approximately $908 billion of assets under management. To learn more, please visit www.apollo.com.

About Prosol
A leading player in specialised food retail in France, PROSOL has been developing an integrated, fresh-food-focused model for more than 30 years. By exercising full control over the value chain — from agricultural sourcing to distribution — the company ensures freshness, quality and traceability, in support of better eating for all.

Designed as a true infrastructure dedicated to taste, PROSOL’s model is built on long-term partnerships with carefully selected producers, in-house expertise in product enhancement and maturation, proprietary production facilities, and a dedicated, high-performance logistics network.

With nearly 450 points of sale, PROSOL operates a portfolio of complementary retail brands, including Grand Frais, fresh., La Boulangerie du Marché, mon-marché.fr, BioFrais, and Banco Fresco in Italy. Within Grand Frais stores, the company directly operates the fruit and vegetable, fish, dairy and cheese departments, as well as butchery departments in the Paris region and Eastern France.

Apollo Contacts

Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
IR@apollo.com

Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
Communications@apollo.com / EuropeanMedia@apollo.com

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HEMA continues growth strategy under full ownership of the van Eerd Family

Parcom

Mississippi Ventures, the investment vehicle of the van Eerd family and owner of Jumbo, is acquiring the remaining 50% of HEMA shares from Parcom after five years. Following nearly five years of investments in product quality, employees, customers, stores, and an innovative assortment, HEMA has grown in revenue, volume, profit, and customer satisfaction. HEMA is once again truly HEMA. The van Eerd family’s full acquisition aligns with the philosophy that Jumbo and HEMA, as two strong independent brands, can reinforce each other. This enables HEMA to continue investing in the brand and customer experience in the coming years, further developing its growth and appeal.

In recent weeks, HEMA presented the next steps in its growth strategy, aimed at further expanding revenue, volume, profit, and customer satisfaction. HEMA will continue investing in improving and renewing products and stores. An additional 100 stores will be renovated, and 15 new stores will be added, including expansions in Belgium and France. HEMA is also optimizing the integration of in-store and online experiences, building on its online growth.

Saskia Egas Reparaz, CEO of HEMA: “Despite the challenging retail market, HEMA is performing strongly. In the first nine months of 2025, we achieved growth in revenue, volume, profit, and customer satisfaction. To maintain this momentum and because we believe there is still great potential in the HEMA brand, we are raising the bar. We shared this ambition with our employees, franchisees, suppliers, and partners in recent weeks. We will continue investing in attractive stores and friendly, engaged employees. We are constantly improving and renewing our assortment, focusing on clothing, small seasonal moments, home, and personal care. To remain affordable in times when everything is becoming more expensive, we organize the process from product sourcing to store placement as efficiently as possible. We do this together with our 17,000 colleagues, franchisees, suppliers, and partners, always guided by our mission: a better everyday life in a more beautiful world.”

“HEMA is once again truly HEMA”
Saskia continues: “For HEMA, it is an important milestone that the van Eerd family is acquiring the remaining shares from Parcom. And it’s a wonderful start to our 100th anniversary year. Over the past years, we have received tremendous support from our shareholders. Parcom and the van Eerd family played a key role in HEMA’s transformation, and together we succeeded in restoring growth. Always in a highly professional yet pleasant and constructive manner. HEMA is once again truly HEMA. It is therefore great that, with a long-term owner, we can enter the next phase for HEMA. They know our sector like no other and, like us, focus on customers. Jumbo and HEMA are two brands that play a role in customers’ everyday lives. We have seen how valuable that is in recent years. We look forward to this next phase of our collaboration.”

Colette Cloosterman-van Eerd, on behalf of the van Eerd family: “Almost five years ago, we became a shareholder in HEMA, and I can only say that we have fallen even more in love with HEMA. It is impressive to see how Saskia and her team have brought the soul back into the HEMA brand and returned it to growth. At HEMA, everything revolves around a great customer experience. HEMA dares to invest in quality, convenience, fun, and affordability. That is crucial for successful retail. Together with Parcom, we ensured that HEMA is once again rock solid and ready for the next growth phase. We have chosen to fully support that next phase. Employees, franchisees, customers, and suppliers of HEMA can count on that. Retail has a few iconic names in the Netherlands, including HEMA and Jumbo. Both have a rich history and a shared love for everyday life. We are convinced that HEMA and Jumbo, as two individually strong brands, can strengthen each other in various ways. Next year, HEMA celebrates its 100th anniversary—a remarkable milestone—and we are extremely proud to celebrate that as owner.”

Bas Becks, Parcom: “When we became a shareholder in HEMA almost five years ago, in the midst of the covid-pandemic, we promised to bring HEMA into calmer waters. In an extraordinary market context, the HEMA team succeeded in making HEMA a store where people love to shop again. HEMA is now ready for the next growth phase, which requires a committed and experienced shareholder with a true retail heart. That is how we have come to know the Van Eerd family over the past five years. For HEMA, this is a fantastic starting point for continuing its outstanding performance.”

The proposed transaction is subject to customary conditions, including obtaining competition law approval and advice from HEMA’s works council.

 

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Stonepeak and Energy Equation Partners Complete Acquisition of Majority Interest in JET

Stonepeak

LONDON & HOUSTON – December 1, 2025 – Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, and Energy Equation Partners (“EEP”), an investment firm with significant expertise in fuel retail, today announced the completion of their previously announced acquisition of a 65% interest in JET Tankstellen Deutschland GmbH (“JET”), a leading fuel retailer in Germany and Austria, from a subsidiary of Phillips 66 (NYSE: PSX), in a transaction valuing the business at an enterprise value of approximately €2.5 billion.

“We are delighted to complete this acquisition and to partner with Stonepeak and Phillips 66 to take JET to the next level,” said Javed Ahmed, Managing Partner of Energy Equation Partners. “This investment reflects EEP’s commitment to investing in established players in the energy sector who have the potential to make a meaningful impact on the energy transition, and we are excited to work alongside the entire JET team, including its dedicated service station operators, to realize this vision.”

“The completion of this transaction marks an important step forward for JET,” said Anthony Borreca, Senior Managing Director and Co-Head of Energy at Stonepeak. “With its extensive network of service stations, trusted brand, and the combined expertise that we and EEP bring, JET is well positioned to continue providing reliable service to its customers across Germany and Austria.”

Akin Gump Strauss Hauer & Feld LLP and Hengeler Mueller served as legal counsel to Stonepeak and EEP. Paul, Weiss, Rifkind, Wharton & Garrison LLP served as financing counsel to Stonepeak and EEP.

About Stonepeak
Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $80 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, with a focus on downside protection and strong risk-adjusted returns. Stonepeak, as sponsor of private equity and credit investment vehicles, provides capital, operational support, and committed partnership to grow investments in its target sectors, which include digital infrastructure, energy and energy transition, transport and logistics, and real estate. Stonepeak is headquartered in New York with offices in Houston, Washington, D.C., London, Hong Kong, Seoul, Singapore, Sydney, Tokyo, Abu Dhabi, and Riyadh. For more information, please visit www.stonepeak.com.

About Energy Equation Partners
Energy Equation Partners is an energy specialist investment firm that seeks to invest in companies that are well established in the energy sector and have the potential to play a valuable role in the shift from “brown to green”. Over the past two decades, the principals of EEP have deployed over $10 billion of equity capital across the energy value chain globally and have significant experience in fuel retail.

Contacts

For Stonepeak:
Kate Beers / Maya Brounstein
corporatecomms@stonepeak.com
+1 (646) 540-5225

For Energy Equation Partners:
Sari Haidar
sari@energyequationpartners.com
+44 75 5112 5113

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Altor divests all shares in XXL

27 May 2025. Altor Fund IV (“Altor”) has today accepted the mandatory offer from Frasers Group Plc for XXL ASA (“XXL” or the “Company”) and thereby sold 23,491,568 A shares and 17,051,037 B shares in XXL ASA, representing all its shares and votes in the Company, at a price of NOK 10 per share. Following these transactions, Altor will own no shares in XXL. Altor has supported XXL since they partnered in 2019.

“Given the current situation and the increasing short-term challenges, Altor has decided to accept Frasers Group’s offer, in line with the Board’s new recommendation. As we now hand over to Frasers Group, we believe XXL will benefit from their industry experience and benefit from being part of a larger group” said Øistein Widding, Partner and Head of Norway.

Andreas Källström Säfweräng, Partner and Head of the Consumer Sector continued: “XXL’s management team and dedicated employees are working hard every day to build a stronger company, and Altor believes they’ll succeed in getting back to profitable growth. That said, there are still real challenges ahead short-term. We see this as the right time for Frasers Group to guide the next chapter.”

About Altor

Since inception, the family of Altor funds has raised more than EUR 12 billion in total commitments. The funds have invested in just south of 100 companies. The investments have been made in medium-sized predominantly Nordic and DACH companies with the aim to create value through growth initiatives and operational improvements. Among current and past investments are Helly Hansen, Meltwater, CCM Hockey, and Toteme.

Press contact

Karin Åström

Head of Communications

karin.astrom@altor.com

+46 707 64 86 59

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Homecare specialists Medi-Markt and Unizell merge to form Liveo Group

GIMV

The Liveo Group brings a highly capable supplier to the German homecare market specialising in the sophisticated, long-term care of chronically ill or impaired people in their home environment. Mannheim-based Medi-Markt Group and Unizell Medicare GmbH from Bad Schwartau are combining their strengths with the assistance of European private equity company Gimv.

The new Liveo Group’s service offering comprises a broad range of products and services required for domestic care and support such as absorbent or drainage incontinence products, care for stoma patients, care aids, diabetes products and enteral nutrition therapies as well as nursing courses, training and emergency call systems. The Liveo Group will employ over 450 people. The Group operates throughout Germany and will achieve total combined sales revenues of approximately EUR 150 million.  The two merging company groups will retain their existing brand names.

Gimv acquired a majority in Medi-Markt as part of a succession plan in 2018. Since then, it has worked with management to continuously develop its offering and its market position, helping the company to achieve strong growth. The acquisition of the Saxony-based firm mediclean Home Care Service GmbH greatly expanded the supply of medical resources and consumables in the federal states of Eastern Germany and in the nursing sector. Since Gimv came on board the offering for patients has expanded, significant investments were made in digitisation, and sales revenues have jumped by around 70%. Thanks to this strong growth, Gimv has achieved returns above its long-term average targets throughout its entire investment period in Medi-Markt.

Under the more than 30-year leadership of its managing partner Jürgen van der Smissen, Unizell has developed into a successful full-service provider for homecare patients. The expansive, customer-centred portfolio comprises products, training courses, qualifications and personal support.

“The merger improves our performance and enables us to offer innovative digital solutions that make life easier for our customers, for patients, for caregiving relatives and for specialist staff, improving their use of our offerings. This step will make for even better care. Our employees are the key to our success. By combining their knowledge, we are laying a strong foundation for continued growth and development – for our customers, our employees and our shareholders”, explains Dr. Torge Doser, CEO of Medi-Markt and of the new Liveo Group.

This view is shared by Jürgen van der Smissen, Managing Partner of Unizell who will support the group as a significant minority shareholder and advisory board member following the transaction: “I am delighted to see two quality-leading suppliers now coming together whose philosophy centres around customers’ needs and desires and who complement each other perfectly. Together they are forming a group that stands for very similar values and that will be able to shape the homecare market even more actively than before, to everyone’s benefit.”

Philipp v. Hammerstein and Lars Timmer, Partner specialising in healthcare and Senior Principal at Gimv’s Munich office, add: “With Unizell, Medi-Markt has found the perfect fit. The Liveo Group will give even more people greater control over their day-to-day lives while improving the quality, efficiency and cost-effectiveness of their care. We look forward to assisting the Liveo Group with all our energy over the coming years.”

Gimv will hold a majority interest in Liveo and will continue to grow the group with Jürgen van der Smissen. The transaction remains subject to the usual official approval and is expected to be completed in the coming weeks. Upon completion, the Liveo Group will be among Gimv’s five largest portfolio companies.

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Plantagen restructuring approved

Ratos

Plantagen in Norway and Sweden have been undergoing restructuring since August 22. At the end of December, Plantagen submitted proposals for debt settlements with the creditors. These proposals have been accepted by the majority of the creditors and today approved by the respective courts in Norway and Sweden.

Since August 22, 2024, Plantasjen Norge AS and Plantagen Sverige AB have been undergoing restructuring to ensure continued operations. The court approvals of the debt settlements in both countries means that the purpose of the restructuring can be achieved.

When the court decisions have gained legal force, the companies can exit restructuring. This is expected to take place February 18.

For more information, please contact:
Josefine Uppling, VP Communication, Ratos, +46 76 114 54 21

About Ratos
Ratos is a Swedish business group focusing on technological and infrastructure solutions, consisting of 16 companies divided into three business areas: Construction & Services, Industry and Consumer. The companies have approximately SEK 32 billion in net sales (September LTM). We have a distinct corporate culture and strategy – everything we do is based on our core values: Simplicity, Speed in Execution and It’s All About People. We enable independent subsidiaries to excel by being part of something larger. People, leadership, culture and values are key focus areas.

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Press release

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Equistone completes €520m sale of Courir to JD Sports

Equistone

Equistone Partners Europe (“Equistone”), one of Europe’s most established mid-market private equity investors, today announces the completion of its €520m sale of Groupe Courir S.A.S (“Courir”), a leading French retailer of sneakers, to JD Sports Fashion Plc. Completion follows receipt of conditional clearance from the European Commission on 22 October 2024 and the satisfaction of all other outstanding conditions.

With over 320 stores across Europe, including one of the largest store networks in France, and a growing omnichannel approach, Courir has rapidly established itself as a leading retailer in sneakers, particularly amongst women.

Since carving out the company from Groupe Go Sport in 2019, Equistone has worked closely with the Courir management team on realising an ambitious growth strategy.  During the investment period, Courir continued to expand its footprint across Europe and, with Equistone’s support, acquired Denmark-based online retailer Naked in July 2021. Since 2019, the business has significantly developed its revenue from €390m to €735m in 2023.

Equistone deal team said: “We are proud to have worked so closely with Courir’s management team on building a company which has become a leading European retailer in sportswear. The company’s growing omnichannel approach, pan-European expansion and consistently strong financial performance is testament to the effectiveness of our partnership. In JD Sports, Courir has the ideal partner for the next stage of its growth journey, and we wish the team all the best.”

Régis Schultz, CEO of JD Sports Fashion Plc, said: “The completion of our acquisition of Courir is an exciting milestone for our “Complementary Concepts” strategy in Europe and we look forward to working with its experienced management team as we deliver on our growth plans. This acquisition will broaden the JD Group’s customer reach adding a more female, fashion-conscious and older customer base to complement the Group’s core customers.”

PR Contacts

France

Paris

  • Brunswick
  • Agnès Catineau/Aurélia de Lapeyrouse
  • Tel: +33 (0)1 53 96 83 83
  • E-Mail Brunswick

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