Leapp has completed a restructuring
The Dutch private equity firm Nobel Capital Partners has acquired the activities of Leapp.
Leapp is a retailer of refurbished iPhones and other Apple products, operating through 24 stores in the Netherlands, Belgium and Germany.
Nobel Capital Partners is a Netherlands-based private equity firm focused on investing in medium-sized Dutch companies.
In mid-2018, Leapp filed for bankruptcy as a result of increasingly large operating losses and a funding gap after rapid expansion in recent years. Following the transaction, the new owners will retain approximately 100 of its 170 employees and continue with 14 of the 24 stores while closing its activities in Germany.
Oaklins' team in the Netherlands advised the stakeholders, including the bank and bankruptcy liquidator, in this transaction.
Talk to the deal team
Related deals
Coastal Insurance Underwriters has been acquired by Constellation Affiliated Partners
The shareholders of Coastal Insurance Underwriters have sold the firm to Constellation Affiliated Partners.
Learn moreBlue Equity is partnering with Bang & Beenfeldt
The private shareholders of Bang & Beenfeldt A/S have sold the company to Blue Equity, with a subsequent reinvestment in the new company.
Learn moreContiweb has sold its Thallo web-offset packaging business to manroland Goss.
The shareholders of Contiweb have sold its Thallo web-offset packaging business, including all intellectual property rights, to manroland Goss web systems GmbH. The acquisition allows manroland Goss to expand its product portfolio.
Learn more