London-based private equity firm Lion Capital has bought Dutch department store chain Hema, it was announced late on Friday. Lion Capital and the vendor Maxeda, a privately-held retail group headquartered in Amsterdam, confirmed the transaction but declined to reveal the financial details. The Sunday Times in the UK said Lion Capital paid EUR 1.1 bn but the newspaper did not give a source for this information. Hema operates about 350 stores in the Netherlands, Belgium, Germany and Luxembourg.
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