Ramphastos has completed the acquisition of HEMA from Lion Capital, after the deal was approved by the Dutch Authority for Consumers and Markets.
Ramphastos’ plans for the company include further investments its ecommerce offering and also into HEMA’s core markets in Belgium and Netherlands. They also plan to accelerate its international expansion by working with new partners.
HEMA also want to continue partnerships with existing franchisees after agreeing new arrangments with them.
Ramphastos said in a statement, “Over the past few years, HEMA has invested significantly in its brand positioning, retail formats, ecommerce channel and international store expansion, all of which have led to improved financial results. In the years ahead, HEMA, with the support of Ramphastos, aims to realise strong future growth and a further reduction of its current debt position.”
