HEMA's takeover by businessman Marcel Boekhoorn did not meet with objections from regulator Authority Consumers & Market (ACM). ACM considers that sales do not lead to competition problems.
Investment firm Ramphastos Investments of Boekhoorn took over the department store network of Lion Capital, which has been looking for buyers for some time. The number of acquisitions has not been formally disclosed.
Boekhoorn wants to reduce HEMA's debt burden in the short term. "This lead burden is an obstacle to growth and hinders the optimal use of HEMA's very strong forces," the businessman said during an October conference.
The first step has been taken with the acquisition. For example, 100 million euros in loans have been repaid and 40 million euros in equity.
Boekhoorn does not have other large chain stores through Ramphastos. Previously, he was a lender from the McGregor fashion chain, but that didn't work.
In the past he made a lot of money with, among other things, Bakker Bart and Telfort telecommunications operators.