Lion Capital, which has owned the company since 2007, has appointed Credit Suisse to advise on the process.
28.09.2017
Dutch
discount retailer Hema's private equity owners are exploring
strategic options for the business, including a possible sale, the
company announced on Thursday.
Lion
Capital, which has owned the company since 2007, has appointed Credit
Suisse to advise on the process.
"Hema is well-positioned now to
benefit from the future growth potential ahead, supported by a strong Benelux business
and successful international expansion," the company said.
Founded
in 1926 in Amsterdam, Hema has 30,000 own-brand products and services
ranging from baby clothes, to pots and pans, towels, sweets, and make-up.
It has
been expanding internationally and now has more than 700 stores in
the Netherlands, Belgium, Luxembourg, France, Germany, Spain and the
United Kingdom.
The high-street chain opened its first store in Luxembourg in 2006 and
currently has four shops in the country.
Hema reported adjusted earnings before interest, tax,
depreciation, and amortisation (EBITDA) of €24.8m for the second
quarter of 2017, an increase of 13.2% on the previous year.
In
Belgium and Luxembourg, net sales rose 2.7% to €35.2m, due to
strong store performance and the renewal of the product range, the
company said.