Hengeler Mueller advises Advent International on sale of Takko to Apax

23. December 2010

On 23 December 2010, Advent International, one of the leading global private equity firms, announced the sale of Takko Holding GmbH to the private equity investment group Apax Partners. With some 1,500 outlets in Germany and abroad, Takko is among the most successful fashion retailers in Europe. The possibility of an IPO was examined parallel to the sale, so that the transaction was conducted in a dual track process.

Hengeler Mueller has advised Advent International together with the partner firms Cravath, Swaine & Moore (Philip J. Boeckman), De Brauw Blackstone Westbroek (Arne Grimme), Schönherr (Christian Herbst) and Slaughter and May (Jeff Twentyman) both relative to the sale and to the proposed IPO. Legal advice on the sale was provided by partners Hans-Jörg Ziegenhain (M&A, Munich), Karsten Schmidt-Hern (M&A), Martin Klein (Tax) and Christian Hoefs (Labour) (all Frankfurt) as well associates Alexander Ego, Simon Patrick Link, André Schneider, Carolin Stumm (all M&A, Munich) and David Schneider (Labour, Frankfurt). In terms of the IPO, advice was provided by partners Reinhold Ernst, Maximilian Schiessl (both Corporate/Capital Markets, Düsseldorf), Stefan Richter (Corporate, Berlin) and Dirk Uwer (Public Law, Düsseldorf), counsels Cecilia di Ció (Capital Markets, Düsseldorf), Mathias Link (Tax, Frankfurt), Peter Dampf (Financing, Frankfurt) and Iris Paetzke (Management Participation, Berlin) as well as associates Henrik Humrich, Daniela Klar (both Capital Markets, Düsseldorf), Dirk Busch (Corporate/Capital Markets, Düsseldorf), Marnie Silny (Public Law, Düsseldorf), Konrad von Hoff (Corporate, Berlin) and Antje Hagena (Tax, Frankfurt).