Kirkland & Ellis advised XXXLutz Group on the successful delisting offer for all outstanding shares of home24 SE.
The Frankfurt Stock Exchange had already granted home24’s application to revoke the admission to trading of its shares.
XXXLutz operates more than 370 furniture stores in 13 European countries and employs more than 26,300 people. With an annual turnover of €5.75 billion, XXXLutz Group is one of the three largest furniture retail groups in the world.
home24, headquartered in Berlin, is a leading home & living e-commerce platform in Continental Europe and Brazil with approx. 3,000 employees worldwide.
Kirkland had already advised XXXLutz Group in 2022 on a voluntary public takeover offer for all outstanding shares of home24 SE.
The Kirkland team advising XXXLutz Group was led by transactional partner David Huthmacher and included transactional partner Ben Leyendecker and capital markets partner Anna Schwander, as well as transactional associates Philipp Keinath and Friedrich Focke.