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NRDC Equity Partners and BB Kapital SA acquire Galeria Karstadt Kaufhof GmbH out of insolvency

Apr 10, 2024over 1 year ago

Acquired Company

Galeria Karstadt Kaufhof GmbH

EssenRetail

Description

NRDC Equity Partners and BB Kapital SA, alongside Bernd Beetz's family office, have acquired Galeria Karstadt Kaufhof GmbH as part of an insolvency plan. The acquisition is aimed at securing the future of the department store and implementing a sustainable economic concept to turn it around for long-term success.

Company Information

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed