XXXLutz Deutschland Expands with Porta Group Acquisition
Deal News | Jan 24, 2025 | CEE Legal Matters
XXXLutz Deutschland, a prominent German furniture retailer, has expanded its market presence by acquiring the Porta Group. This strategic acquisition was facilitated by PRK Partners, in collaboration with Hengeler Mueller. As a result, XXXLutz has added 140 furniture stores in Germany, the Czech Republic, and Slovakia to its extensive network of over 370 stores across 14 countries. The Porta Group, previously a family-run furnishing company, will now operate under the XXXLutz umbrella, which also runs 24 online shops across its various sales channels. The legal advisory team from PRK Partners involved in this substantial transaction comprised Partners Vaclav Bily and Martin Kriz, along with Senior Attorneys at Law Lucie Vorlova and Silvia Kratochvilova.
Sectors
- Furniture Retail
- Mergers and Acquisitions (M&A)
- Legal Advisory
Geography
- Germany – Germany is the country where XXXLutz Deutschland is based and where several acquired Porta Group stores are located.
- Czech Republic – The Czech Republic is one of the countries where the acquired Porta Group stores are situated.
- Slovakia – Slovakia is another country involved in the transaction, with Porta Group stores acquired by XXXLutz Deutschland.
Industry
- Furniture Retail – The article discusses the acquisition of a furniture retailer, Porta Group, by XXXLutz Deutschland, a leading furniture retailer.
- Mergers and Acquisitions (M&A) – The central theme of the article is the acquisition transaction between XXXLutz Deutschland and the Porta Group, categorized as an M&A activity.
- Legal Advisory – The involvement of PRK Partners and Hengeler Mueller as legal advisors highlights the role of legal services in facilitating the M&A transaction.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| XXXLutz Deutschland | Bidding Company/Buyer | Company | A German furniture retailer acquiring the Porta Group as part of its expansion strategy. |
| Porta Group | Target Company | Company | A family-run furnishing company acquired by XXXLutz Deutschland. |
| PRK Partners | Legal Advisor | Company | Provided legal advice to XXXLutz Deutschland during the acquisition. |
| Hengeler Mueller | Legal Advisor | Company | Collaborated with PRK Partners to advise on the acquisition. |
| Vaclav Bily | Partner | Person | Partner at PRK Partners involved in the legal advisory team. |
| Martin Kriz | Partner | Person | Partner at PRK Partners involved in the legal advisory team. |
| Lucie Vorlova | Senior Attorney at Law | Person | Senior Attorney at PRK Partners involved in the legal advisory team. |
| Silvia Kratochvilova | Senior Attorney at Law | Person | Senior Attorney at PRK Partners involved in the legal advisory team. |