Equinox S.A., G&C Holding and Steilmann-Boecker Fashion Point GmbH & Co. KG entered into a share purchase agreement to acquire 49.96% stake in Adler Modemärkte AG (DB:ADD) from Cheverny Investments Limited, BLUO SICAV-SIF and others for approximately €53.2 million on March 20, 2013. Under the agreement, Blitz secured 9.25 million shares for an offer price of €5.75 per share. In a related transaction, Equinox S.A., G&C Holding and Steilmann-Boecker Fashion Point GmbH & Co. KG announced an intention to submit a voluntary public tender offer to acquire remaining shares. The entire transaction will be financed with an allocation of equity amounting to €56 million and bank credit lines provided by Commerzbank and IKB.

Dariusch Manssuri of IR.on AG acted as public relation advisor to buyers. Fabio Coppola, Gaia Guizzetti, Filippo Benintendi, Kilian Helmreich, and Thomas Fox at Latham & Watkins acted as legal advisor to Equinox. Stefano Zonca and Matteo Luzzana at Zonca Briolini Felli acted as legal advisor to Steilmann group. Francesco Cartolano at Accinni Cartolano e associati acted as legal advisor to G & C Holding.