UK-headquartered buyout group CVC Capital Partners has boosted its stable of retail businesses after sealing the â¬695m ($1.1bn) acquisition of a majority stake in Dutch supermarket chain Schuitema.
CVC has acquired a 73.2% stake in listed supermarket chain Schuitema from retail group Royal Ahold. Under the terms of the deal, Ahold will receive 58 Schuitema stores as well as associated real estate and â¬185m in cash. The deal gives Schuitema a â¬950m enterprise valuation.
