XXXLutz: public takeover offer for home24

Photo: Logo from home24 
10. Octo­ber 2022

Munich — XXXLutz Group makes public take­over offer for the acqui­si­tion of all outstan­ding shares in home24 SE. The XXXLutz Group was advi­sed by Kirk­land & Ellis on this public take­over offer.

In a Busi­ness Combi­na­tion Agree­ment signed on Octo­ber 5, XXXLutz and home24 agreed on the key points for future coope­ra­tion between the two compa­nies. XXXLutz has alre­ady secu­red appro­xi­m­ately 50% of the voting rights through agree­ments with share­hol­ders. In addi­tion, XXXLutz subscri­bed to a capi­tal increase from autho­ri­zed capi­tal amoun­ting to just under 10% of the share capital.

home24 is a leading e‑commerce plat­form in the home & living sector and is listed in the Prime Stan­dard segment of the Frank­furt Stock Exchange.

XXXLutz opera­tes over 370 furni­ture stores in 13 Euro­pean count­ries and employs more than 25,700 people. With an annual turno­ver of 5.34 billion euros, the XXXLutz Group is one of the three largest furni­ture retail­ers in the world.

Advi­sors XXXLutz Group: Kirk­land & Ellis
Dr. Benja­min Leyen­de­cker, Dr. David Huth­ma­cher (both lead, both Private Equity/M&A), Dr. Michael Ehret (Tax); Asso­cia­tes: Jörg Ruff, Dr. Phil­ipp Keinath, Victor Fiekers, (all Private Equity/M&A), Sieg­fried Bütt­ner (Capi­tal Markets), Nino Goglidze (Debt Finance)

About Kirk­land
Kirk­land & Ellis is one of the leading firms for high-cali­­ber legal services, with more than 3,000 lawy­ers in 18 cities in the U.S., Europe and Asia. The Munich team advi­ses with a focus on private equity, M&A, corpo­rate law, capi­tal markets, restruc­tu­ring, finan­cing and tax law.

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