Hallhuber acquired by investor

Author: Marcus Schilling
Date: 10.07.2019

Robus Capital acquires Fashion Company

The fashion company Hallhuber was completely taken over by the Frankfurt investor Robus Capital. Previously Robus Capital had provided a transitional financing for Hallhuber, now the investor owns the majority share of Hallhuber GmbH (88 percent). This was announced by the insolvent parent company Gerry Weber International AG.

The Robus Recovery Fund II fund specializes in turnarounds and is intended to lead the company back into profit. Gerry Weber remains a financial investor in the fashion chain and retains the remaining 12 percent. The company will also receive 500,000 in cash from the investor.

Gerry Weber filed for insolvency under his own administration and then offered the investor the option to purchase Hallhuber in February 2019. As a result, the investor provided a bridge loan of 10 million euros for the fashion chain. This has now been replaced by long-term financing.

Same management

After the purchase option, a possible date for Hallhuber was also announced in February. This date was announced for May. The investor will be advised on the takeover by the former ex-Gerry-Weber board member Norbert Steinke, who was previously also responsible for Hallhuber. Also managing director of Hallhuber, Rouven Angermann, will remain on its position.

New plans

According to Robus there is great potential in Hallhuber, hence the decision to make an investment. The online shops, IT technology and logistics will be expanded. “Here we can rely on the financial support of our new majority shareholder,” says Angermann.

Furthermore, an expansion in the stationary trade is planned under strategically important aspects. “For us, this includes a presence in the most attractive metropolises and in highly frequented airports,” Angermann continued.