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.