Greenberg Traurig has represented CCC S.A. in the execution of a complicated cross-border transaction which begins a business and capital cooperation with the HR Group, the second largest footwear retailer in Germany.
CCC S.A. acquired 30.5% shares of the HR Group and sold 100% of the shares in its subsidiary CCC Germany GmbH. According to Greenberg Traurig, "CCC will benefit from a significant market share while HR Group will take advantage of the sourcing, production, and technology of the CCC Group. Both sides expect numerous positive effects and business synergies from the transaction."
Greenberg Traurig represented CCC S.A. in the execution of several agreements related to the cross border cooperation and the acquisition of a minority stake in HR Group Holding S.a. r.l.: (i) a conditional share purchase agreement regarding 12.33% of the share capital of HR Group with capiton V GmbH & Co. Beteiligungs KG; and (ii) a conditional share purchase agreement regarding 19.59% of the share capital of HR Group with Flo Magazacılık ve Pazarlama A.S, as well as a conditional share purchase agreement regarding the sale of shares in CCC Germany GmbH to an HR Group subsidiary, Blitz GmbH. CCC also provided a loan for the restructuring of CCC Germany’s stores.
As a part of the transaction closing, several agreements regulating the cooperation between CCC and the HR Group entered into force, including a call and put option agreement between CCC and capiton for remaining the shares in HR Group held by capiton and representing 51.76% of HR Group’s share capital.
The Greenberg Traurig Warsaw Team was led by Local Partner Daniel Kaczorowski and Associates Agata Izyk, Agnieszka Obrycka, and Katarzyna Malocha.
The Greenberg Traurig Berlin team was led by Partner Peter Schorling and Senior Associate Sara Berendsen, working with Associate Marco Stempin, Counsel Carsten Kociok, and Associates David Schwintowski, Lucas Wusthof, Pamela Zieba, and others.
Greenberg Traurig is currently also representing CCC S.A. in the announced tender offer for 100% of shares in Gino Rossi S.A as reported by CEE Legal Matters on December 13, 2018.