Niederer Kraft Frey (NKF) advised Coop on the acquisition of Jumbo from Maus Frères SA. Lenz & Staehelin acted as lead counsel to Maus Frères in this transaction (see here).
Completion of the transaction is subject to customary closing conditions.
The NKF team was led by Corporate/M&A partner Moritz Maurer, working with associates Samuel Hochstrasser and Binderiya Gan-Ayush, junior associates Reto Seiler and Lukas Würgler (all Corporate/M&A), associate Annina Fey and junior associate Luisa Egli (both Employment), associate Anne Huber and junior associate Thomas van Gammeren (both Real Estate), associate Eric Neuenschwander (IP) as well as partner Nicolas Birkhäuser (Competition).
Coop is a leading retailer and wholesaler in Switzerland. It operates in the food, non-food and service sector and has with approximately 2’500 sales outlets the densest network of sales outlets in Switzerland which comprises supermarkets, specialist formats and online-shops. Coop employs around 91’000 employees.
Jumbo is the second largest do-it-yourself (DIY) store operator in Switzerland, providing for 40 stores and employing around 1’500 employees.