Cerha Hempel, working with Allen & Overy’s Amsterdam office, has advised Mississippi Ventures B.V. on the acquisition of 50% of the shares in Dutch retail chain Hema B.V. from the Ad Hoc Group. Loyens & Loeff advised the Ad Hoc Group on the deal, which is expected to close in the first quarter of this year, and De Brauw Blackstone Westbroek advised Hema.
Hema has over 750 branches, mainly in the Netherlands, Belgium, Germany, France, Luxembourg, Great Britain, and Austria.
Mississippi Ventures is an investment company of the Van Eerd family, which has been operating in the grocery retail sector for decades with the Dutch supermarket chain Jumbo.
Cerha Hempel's team included Managing Partner Albert Birkner, Senior Counsel Matthias Nodl, Senior Associates Alistair Gillespie and Christopher Peitsch, and Associates Jakob Weber and Julia Haumer-Moerzinger.