McDermott advises SIGNA Retail on acquisition of SportScheck by Frasers
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