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New Hema owners eye further international expansion

Hema, which has nine stores in the UK, looks set to be acquired by Ramphastos Investments.

Lion Capital, the private equity backers of companies such as AllSaints, is offloading the business for an undisclosed sum.

Under new ownership, the Amsterdam-based retailer which operates more than 750 stores in nine countries and on two continents, and has over 19,000 employees, is expected to expand its international horizons further. Marcel Boekhoorn, the entrepreneur behind Ramphastos, said he intends to accelerate the organisation’s global expansion, boost online growth and raise profitability.

In a statement from the investment firm it was suggested that Hema is looking for opportunities to increase the number of international partners with the aim of driving further global growth. 

Ramphastos has promised to increase Hema’s level of investment in international expansion inside and outside Europe, as well as in its core Netherlands and Belgian markets, and its eCommerce proposition. 

Tjeerd Jegen, CEO of Hema, commented: "I am very pleased that Ramphastos is becoming the new owner of Hema. This is the best scenario for Hema, our customers, staff and franchisees.”

He added: “In recent years, Marcel Boekhoorn and his team have shown strong engagement with their portfolio companies, encouraged entrepreneurship and demonstrated a keen investment vision. This paves the way to be working with our new owner and our franchisees on a stronger and more financially healthy Hema.”

Hema UK stores are found at locations including Stansted Airport, London Euston station and The Glades shopping centre in Bromley.