Parcom’s Conditional Agreement For HEMA B.V.

Clifford Chance has advised Parcom on the conditional agreement with HEMA B.V. and the Ad Hoc Group on the acquisition of HEMA B.V.

This conditional agreement was reached by a 50/50 consortium of Parcom and Mississippi Ventures, the investment vehicle of the Dutch entrepreneurial family Van Eerd, owner of Jumbo supermarkets.

For a maximum period of 8 weeks, the Consortium has obtained exclusivity to perform further due diligence; to secure bank financing for a group of Dutch financial institutions; and to complete the intended purchase of 100% of the outstanding shares of HEMA. For a successful completion of the transaction, the consortium needs to succeed in obtaining appropriate bank financing from Dutch financial institutions in order to ensure an integral and sustainable long-term foundation that enables HEMA to execute a future-proof business plan. The consortium expects to be able to issue an update on the transaction in the first half of December.

The Clifford Chance team was led by Hans Beerlage (Picture) and furthermore consisted of Katja Busuladzic, Han Kalule, Luc van Oosterhout and Jorrit Sijl, Michiel Sunderman, Rocco IJsselmuiden, Floris van de Bult and Sanne Blankestijn.

Involved fees earner: Hans Beerlage – Clifford Chance; Sanne Blankestijn – Clifford Chance; Katja Busuladzic – Clifford Chance; Rocco IJsselmuiden – Clifford Chance; Han Kalule – Clifford Chance; Michiel Sunderman – Clifford Chance; Floris van de Bult – Clifford Chance; Luc van Oosterhout – Clifford Chance;

Law Firms: Clifford Chance;

Clients: Parcom Capital;