Acquisition of HEMA completed
Today, the consortium of Parcom and Mississippi Ventures officially became the owner of HEMA, after having received the necessary approval from the European Commission (EC). Earlier, HEMA's Works Council had already issued a positive advice regarding the proposed capital structure and permission had been granted by the Netherlands Authority for the Financial Markets (AFM). Now that all necessary conditions for the transaction with HEMA and the HEMA Secured Bondholders have been met, the acquisition is final.
Last week, the consortium announced that the acquisition was expected to be completed by the beginning of February. Today, the new Supervisory Board (RVC) under the chairmanship of Pieter Haas was also installed. Wilco Jiskoot and Ronald van de Vis remain committed to HEMA as members of the Supervisory Board. In addition, Ton van Veen (Mississippi Ventures) and Bas Becks (Parcom) have joined the Supervisory Board on behalf of the new shareholders.
Later this year, Saskia Egas Reparaz will succeed Tjeerd Jegen as CEO of HEMA. The exact date will hopefully be announced shortly. Tjeerd Jegen indicated earlier that the final takeover of HEMA by the consortium was a natural moment to make room for new leadership.
In the coming period, the plans for HEMA will be further elaborated. It goes without saying that, at this time, all attention will be focused on leading the company through the corona crisis in a responsible manner. Despite the continuing uncertainty about the duration of the current lockdown and the reopening of the shops, all those involved emphasise that they have great confidence in the future of the retail company.