Kirkland Advises CECONOMY on Public Takeover Offer by JD.com
Kirkland & Ellis advises CECONOMY AG (“CECONOMY”) on the voluntary public cash takeover offer for all CECONOMY shares that JD.com announced to launch at an offer price of €4.60 per share. In the context of the takeover offer, CECONOMY has entered into an investment agreement with JD.com. The partnership with JD.com will accelerate CECONOMY’s current growth trajectory, help to seize emerging market opportunities and further strengthen its position as Europe’s leading omnichannel platform for consumer electronics.
CECONOMY is a leader in the consumer electronics sector in Europe with brands such as MediaMarkt, MediaWorld and Saturn. The companies in the CECONOMY portfolio have billions of consumer contacts per year and offer products, services and solutions that make life in the digital world as easy and convenient as possible.
JD.com is a global leading supply chain-based technology and service provider. The company has expanded into sectors including retail, technology, logistics, health and more, aiming to transform traditional business models with cutting-edge digital solutions.
The Kirkland team included transactional lawyers Tobias Larisch, Sebastian Pitz, Michael Döppner, Tamara Zehentbauer and Philipp Poitiers; and capital markets lawyer Anna Schwander.
