Clairfield advises GALERIA Karstadt Kaufhof and The Economic Stabilisation Fund (ESF) on the sale of Hood.de to The Platform Group
Galeria Karstadt Kaufhof and The Economic Stabilisation Fund (ESF) sold Hood Media GmbH, a virtual selling platform, to The Platform Group.
GALERIA Karstadt Kaufhof (GKK) is currently the second largest department store group in Europe with 92 locations and approximately 15,000 employees. In April 2020, the company filed for insolvency. Since then, it has received support from The Economic Stabilisation Fund (ESF) administered by the Federal Republic of Germany Finance Agency GmbH to address the economic and social impacts of the coronavirus pandemic on the German economy.
As part of the first financing measure granted to GKK by ESF in 2021, GKK pledged the shares of Hood Media GmbH (Hood.de) to ESF. In connection with GKK’s filing for insolvency for the second time in October 2022, GKK partly defaulted on the repayment. ESF and GKK then agreed to a structured M&A process to dispose of 100% of the shares in Hood.
Clairfield International’s Frankfurt office acted as exclusive financial advisor to GKK and the ESF.
Consumo y minorista
Venta
Asesor del vendedor
Services :
Sectors :
Countries involved :
Deal team :
Similar transactions
Enjoei, a leading marketplace for secondhand products in Brazil, acquired 100% of Elo7, a marketplace of handmade products, from its shareholders Etsy.
Consumo y minorista
Adquisición
Asesor del comprador
LifeCare Europe successfully raised growth capital from a private investor consortium.
Consumo y minorista
Growth capital raise
Advisor to LifeCare Europe
The shareholders of AixSwiss reached an agreement for the sale of 100% of their shares to Vision Healthcare (VHC), a digital-first omnichannel consumer healthcare group with over EUR 250 million in sales.
Asistencia sanitaria
Venta
Asesor del vendedor
expondo GmbH, a B2B e-commerce specialist for professional equipment, sold a minority stake to Crédit Mutuel Equity, a private equity firm.
Consumo y minorista
Venta
Asesor del vendedor
Clairfield International Frankfurt/Warsaw assisted expondo, the fast-growing German/Polish e-commerce industrial procurement business, in a senior debt refinancing exercise.
Consumo y minorista , Tech, software & digital
Senior debt refinancing
Advisor to expondo
Proforto, the leading online retailer of workwear and PPE for SMEs and freelancers, attracted growth capital from Nobel Capital Partners.
Consumo y minorista
Fund raise
Advisor to Proforto
Extreme Digital, a leading online consumer electronics player in Central and Eastern Europe, was sold to Steinhoff International, an international furniture and household goods retailer chain.
Consumo y minorista , Tech, software & digital
Venta
Advisor to the sell side
