Sale of 43 stores to 6 Dutch food retailers
After smaller acquisitions of Konmar and Super de Boer Stores, Jumbo’s first major acquisition was Super de Boer (#3 food retailer in the Netherlands). Transaction was structured as asset deal (Super de Boer was listed). Jumbo had a back to back agreement with C1000 (# 2 food retailer in The Netherlands). A joint purchasing organisation (Bijeen) between C1000 and Jumbo was established as part of the back-to-back agreement. Quore Capital acted as sole financial advisor of Jumbo during the process.
- Client: Jumbo
- Target: 43 retail stores
- Buyer: Sperwer Holding, COOP, Poiesz, Spar, Deen, MCD Supermarkten
- Seller: Jumbo