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Ramphastos completes acquisition of HEMA

Ramphastos has now completed its acquisition of HEMA from Lion Capital after the deal gained the approval of the Dutch Authority for Consumers and Markets. Plans… View Article

GENERAL MERCHANDISE

Ramphastos completes acquisition of HEMA

Ramphastos has now completed its acquisition of HEMA from Lion Capital after the deal gained the approval of the Dutch Authority for Consumers and Markets.

Plans under the new ownership include making further investments in ecommerce and in HEMA’s core markets in Netherlands and Belgium, as well as accelerating international expansion by working with new partners.

HEMA is also committed to a continuing partnership with existing franchisees after agreeing new arrangements with them.

Ramphastos said the acquisition will give HEMA the headroom to execute its growth plans while reducing its debt.

It added: “Over the past few years, HEMA has invested significantly in its brand positioning, retail formats, ecommerce channel and international store expansion, all of which have led to improved financial results. In the years ahead, HEMA, with the support of Ramphastos, aims to realise strong future growth and a further reduction of its current debt position.”

Ramphastos is owned by Dutch entrepreneur Marcel Boekhoorn.

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