P+P advises shareholders of Lekkerland Group on sale to REWE
Munich — The REWE retail chain acquires 100% of the shares in Lekkerland AG & Co KG. In the future, this will open up the new “Convenience” business area under the REWE Group umbrella. The transaction is subject to approval by the relevant antitrust authorities.
Lekkerland is the specialist for on-the-go consumption and offers innovative service, customized logistics and a wide wholesale range in seven European countries. The focus is on the needs of customers and consumers. Lekkerland serves around 91,000 points of sale in seven European countries and has cutting-edge brands and private labels in its range. Customers include gas stations, stores, kiosks, convenience stores, bakeries, food retailers and quick service restaurants. Lekkerland employs around 4,900 people across Europe. In fiscal 2018, sales amounted to EUR 12.4 billion.
The cooperative REWE Group is one of the leading retail and travel groups in Germany and Europe. In 2018, the company achieved total external sales of more than EUR 61 billion. Founded in 1927, REWE Group is present in 22 European countries with more than 360,000 employees.
Advisor for Lekkerland AG & Co. KG: P+P Pöllath + Partners
* Dr. Matthias Bruse (photo), LL.M. (Lead Partner, M&A, Munich)
* Jens Hörmann (Partner, M&A, Munich)
* Jasmin Wagner (Senior Associate, M&A, Munich)
* Thies Jacob, LL.M. (Associate, M&A, Munich)
* Pascal Köstner, LL.M. (Senior Associate, M&A, Munich)
* Dr. Matthias Werner (Counsel, Real Estate Law, Berlin)
Other consultants for Lekkerland:
Inhouse Counsel: Andre Niemeyer (Head of Legal Department Lekkerland)
Osborne Clarke: Dr. Thomas G. Funke (Partner, Antitrust), Dr. Sebastian Hack (Partner, Antitrust), Ghazale Mandegarian-Fricke (Senior Associate, Antitrust), Jan Marco Aatz (Associate, Antitrust)
About P+P Pöllath + Partners
P+P Pöllath + Partners has a total of more than 140 lawyers and tax advisors at its offices in Berlin, Frankfurt and Munich. The firm focuses on high-end transactional and wealth advisory services. P+P partners regularly advise on M&A, private equity and real estate transactions of all sizes. P+P Pöllath + Partners has also established a leading market position in the structuring of private equity and real estate funds as well as in tax advice and enjoys an excellent reputation in corporate and capital markets law as well as in asset and succession planning for family businesses and high net worth individuals. P+P partners are active as members of supervisory and advisory boards of well-known companies and are regularly listed in national and international rankings as leading experts in their respective fields. For more information, including on pro bono work and the P+P foundations, visit www.pplaw.com.