Baker McKenzie advised Blokker Holding on the sale of Dutch retail chain Intertoys to British investor Alteri Investors for an undisclosed sum.
Intertoys operates around 500 stores in the Netherlands, Belgium, Germany and Luxemburg and has more than 4,000 employees. Alteri Investors is specialized in transforming retail companies.
Nextail, the online branch of Blokker Holding will continue Intertoys' online-activities through a service level agreement.
Baker McKenzie advised Blokker Holding on all legal aspects of the deal. Rothshield advised Blokker Holding on corporate finance and Freshfields advised Alteri. The transaction is expected to be completed by November 2017.
Baker McKenzie lead partner on the transaction, Casper Banz commented:
"We were delighted to work with long standing client Blokker Holding on this deal, and to assist them in implementing their strategic plans to strengthen Blokker's business."
Baker McKenzie Team: Casper Banz, Joost Haans, Youri van 't Hul, Koen Bos, Martine van de Laar, Frederik Eveleens Maarse, Willemijn Punt and Lodewijk Vonken.