NRDC Equity Partners and BB Kapital SA Acquire Galeria Karstadt Kaufhof GmbH from Insolvency
April 10, 2024
NRDC Equity Partners and BB Kapital SA (Bernd Beetz’s family office) have acquired department store operator Galeria Karstadt Kaufhof GmbH as part of an insolvency plan. The consortium expects to take over the business as a whole, including more than 70 Germany-wide shops, with an interim oversight period by the insolvency administrator before full transfer of control.
- Buyers
- NRDC Equity Partners, BB Kapital SA
- Targets
- Galeria Karstadt Kaufhof GmbH
- Industry
- Retail
- Location
- North Rhine-Westphalia, Germany
- Transaction Type
- Buyout
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