Kika/Leiner Group has been acquired by Steinhoff Europe AG
The private owners of Kika/Leiner Group have sold the company to Steinhoff Group AG. Financial details have not been disclosed.
Kika/Leiner Group is a leading Austrian furniture retailer with branches in Austria, Hungary, Czech Republic, Slovakia and Romania.
Steinhoff Europe is an integrated retailer that manufactures, sources and retails furniture, household goods and general merchandise in Europe, Australasia and Africa.
Oaklins' team in Austria supported the private owners in selling their shares in Kika/Leiner Group to Steinhoff Group. The team also prepared a valuation report.
Talk to the deal team
Related deals
OBI Group has acquired the OBI and individual DIG stores from Migros
As part of a strategic review, Migros has decided to divest its DIY business, which included several “Do It + Garden” and “OBI” locations. Migros had operated the Swiss OBI stores as a franchisee. In OBI Group Holding, Migros has found the ideal partner to ensure continuity for both its customers and employees.
Learn moreAYANDA CAPITAL has added a new investor to its shareholding
A new investor, Thierry Jacobs, has joined AYANDA CAPITAL S.L.’s shareholding with a minority stake.
Learn moreGoldlight has been acquired by Grenardi Group
AS Grenardi Group, the largest Baltic jewelry retailer, has acquired Goldlight.
Learn more