Düssel­dorf — The SIGNA Retail Group has sold the sports retailer Sport­Scheck to Frasers Group plc in a bidding process. In this tran­sac­tion, SIGNA was advi­sed by McDer­mott Will & Emery.

The closing of the tran­sac­tion is subject to appr­oval by the rele­vant anti­trust autho­ri­ties and is sche­du­led for the first quar­ter of 2024. With the acqui­si­tion of Sport­Scheck, the British retail group Frasers is expan­ding its presence in Germany as one of the largest sports markets in Europe.

Sport­Scheck is repre­sen­ted at more than 30 loca­ti­ons in Germany and gene­ra­tes annual sales of around 350 million euros.

SIGNA had acqui­red Sport­Scheck from the Otto Group at the begin­ning of 2020. McDer­mott Will & Emery also acted as legal advi­sor to SIGNA Retail in this transaction.

Advi­sor SIGNA Retail Group: McDer­mott Will & Emery, Düsseldorf

Dr. Jan Hückel (Lead), Dr. Matthias Kamp­s­hoff, Dr. Björn Biehl (Munich; all Corporate/M&A), Dr. Florian Schie­fer, Marcus Fischer (Coun­sel; both Tax Law, Frank­furt), Chris­tian Krohs, Carina Kant (Coun­sel; both Anti­trust Law, Düsseldorf/Cologne); Asso­cia­tes: Dr. Alex­an­der Hoppe, Darius M. Mosleh, LL.M. (Düsseldorf/Cologne), Tjark Pogoda (all Corporate/M&A), Le