Buyout (LBO, MBO, MBI) • Retail

Berggruen Holdings Acquires Karstadt AG

On September 30, 2010, private equity firm Berggruen Holdings acquired retailer Karstadt AG

Acquisition Context

This is Berggruen Holdings’ 1st transaction in the Retail sector.
This is Berggruen Holdings’ 1st transaction in Germany.

Investment Fate

Karstadt AG was sold to a strategic buyer in 2013.
Karstadt AG was sold to a consortium of strategic buyers in 2018.

Explore All 718 Buyout (LBO, MBO, MBI) Retail Deals - Search the Database Free

M&A Deal Summary
Date	September 30, 2010
Target	Karstadt AG
Sector	Retail
Buyer(s)	Berggruen Holdings
Deal Type	Buyout (LBO, MBO, MBI)

Target Company

Karstadt AG

Essen, Germany

Karstadt, based in Essen, Germany, operates department stores, sporting goods stores, gastronomy and food retail activities throughout Germany.

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Buyer Overview 1

Buyer

Berggruen Holdings

Investor Investor

Category	Private Equity Firm
Founded	1986
PE ASSETS	2.0B USD
Size	Large
Type	Sector Agnostic

DESCRIPTION

Berggruen Holdings, Inc. is a private holding company that seeks investments in private equity, real estate, alternative energy, stocks and bonds, hedge funds, and other private equity funds. Berggruen's direct private equity group targets investments in mid-market, cash-flow positive businesses operating in a wide variety of industries. The Firm can invest up to $200 million per transaction and will consider opportunities in the US, Europe, Asia, and other emerging markets. Berggruen Holdings looks to partner with management teams when pursuing opportunities. Berggruen Holdings, Inc. was established in 1986 and has offices in New York, Los Angeles, London, Berlin, Tel Aviv, Mumbai, and Istanbul.

Deal Context for Buyer	#
Overall	11 of 14
Sector: Retail	1 of 1
Type: Buyout (LBO, MBO, MBI)	6 of 8
Country: Germany	1 of 1
Year: 2010	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2010-07-01	Phoenix London, United Kingdom Phoenix provides a range of products through our trusted pensions, savings, and life insurance brands. Phoenix was founded in 1782 and is based in London, England.	Sell	-

DATE

TARGET

DEAL TYPE

VALUE

2010-07-01

Phoenix

London, United Kingdom

Phoenix provides a range of products through our trusted pensions, savings, and life insurance brands. Phoenix was founded in 1782 and is based in London, England.

Sell

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2011-06-30	Bonded Services Group Fort Lee, New Jersey, United States Bonded Services Group LLC provides services for media content preservation, management and distribution, including fine art vaults and shipping; logistics and distribution; supply chain; and related services for high value physical and digital assets, including works of art, film, audio and video. The group manages more than 10 million of these assets for its 2,000 clients worldwide, with offices in the U.S., Canada, UK, France, the Netherlands and Hong Kong capable of providing in-house digital services that help media and entertainment companies extend their content across digital platforms.	Sell	-

DATE

TARGET

DEAL TYPE

VALUE

2011-06-30

Bonded Services Group

Fort Lee, New Jersey, United States

Bonded Services Group LLC provides services for media content preservation, management and distribution, including fine art vaults and shipping; logistics and distribution; supply chain; and related services for high value physical and digital assets, including works of art, film, audio and video. The group manages more than 10 million of these assets for its 2,000 clients worldwide, with offices in the U.S., Canada, UK, France, the Netherlands and Hong Kong capable of providing in-house digital services that help media and entertainment companies extend their content across digital platforms.