P+P advises investor OpCapita on acquisition of AppelrathCüpper

The British investor OpCapita LLP (OpCapita) acquires the fashion retailer AppelrathCüpper through its fund OpCapita Consumer Opportunities Fund LP. The seller is Moda Holding GmbH, a holding company owned by the Kreke family and the private equity investor Advent International.

The purchase price remains confidential. Closing is still subject to the approval of the German and Austrian antitrust authorities.

In 13 urban stores, AppelrathCüpper sells high-end designer clothing for women, e.g. Boss, Marc Cain, Burberry, Armani Collection, Tommy Hilfiger, Marco Polo, as well as its own brands.

OpCapita, an active investor throughout Europe, was founded in 2006 and has invested over EUR 400m. in Great Britain, France, Spain and Germany. The acquisition of AppelrathCüpper is OpCapita's second investment in Germany, following the acquisition of the textile chain NKD in 2013.

Under the leadership of Frank Thiäner, P+P Pöllath + Partners advised OpCapita comprehensively on the structuring and execution of the transaction with the following team:

• Dr. Frank Thiäner (partner, M&A/private equity, Munich)
• Alexander Pupeter (partner, tax, Munich)
• Timo Winkelmann (counsel, real estate, Berlin)
• Daniel Wiedmann (counsel, antitrust law, Frankfurt)
• Michael Wichert (senior associate, real estate, Berlin)
• Dr. Christoph Thiermann (senior associate, M&A/private equity, Munich)
• Dr. Tim Junginger (associate, M&A/private equity, Munich)
• Robert Geiger (associate, real estate, Berlin)
• Svetlana Heil (associate, tax, Munich)