capiton and Turkven invest in leading European shoe retailer and wholesale system provider, Hamm Reno Group
The HR group is the second-largest shoe retailer in Germany, Switzerland and Austria, operating c500 stores. HR Group also manages footwear sales within department stores and Cash & Carry outlets at 1,800 points of sale in 12 European countries.
capiton is acquiring the company, together with Ziylan, a portfolio company of Turkven, in an MBO with senior retail manager Peter M. Wolf (former board member of Tchibo and Karstadt) and the HR management team. capiton will hold a majority stake in HR Group.
Ziylan is the largest shoe retailer in Turkey and is an investment of Turkven which is co-financing the acquisition.
"There are some really good growth opportunities in the successful wholesale business and, together with Ziylan and Turkven, the HR Group will now strengthen the retail business through synergies in purchasing and product portfolio. We believe that with Ziylan, Turkven, Dr. Wolf and the management team, we have a great team on board to make this a successful Investment!" Frank-Markus, capiton
“With HR Group and Ziylan, we are excited to have created a footwear partnership with more than 1 billion EUR in sales, 60 million pairs in volume and 1,000 retail stores across Europe, Middle East and Asia. Thanks to the trust we built over the years through the Global PE Alliance, as capiton and Turkven we were able to quickly form a credible and complimentary consortium that speaks the same language and shares common goals for this investment.” Emre, Turkven
capiton and Turkven are members of the Global PE Alliance - the group of 8 Top Tier Mid-Market Private Equity Firms operating together to help grow investee businesses.
“The Alliance is now in its 8th year of ever-closer collaboration. The HR transaction demonstrates our Member Firms' unparalleled capability in acquiring and building mid-sized companies internationally” Rob Conn, Chairman, Global PE Alliance
For further details on the HR transaction
And on the GLOBAL PE ALLIANCE
The Global PE Alliance is a group of 8 Top Tier Mid-Market Private Equity Firms working together to help investee businesses grow internationally
capiton I CITIC I FSN I Innova I IVFA I Livingbridge I Turkven I Victoria Having collectively completed over 300 investments in 25 countries, the Global PE Alliance offers a combination of business building experience, sector expertise and a global reach that is unique in the mid-market