About private equity

How private equity invests in privately-owned businesses, supports jobs and creates prosperity.

Members

Login to access your exclusive member-only content and account information.

Login

Not a member? Join us

  • Operate to the highest level of professional standards
  • Access authoritative industry research and data
  • Navigate the complex EU regulatory environment
  • Network and engage with industry leaders
Private equity in action - Case Study

Takko Fashion

Back to results
Country Germany
Region Nordrhein-Westfalen
Investor Advent International
Share

After buying Takko in 2007, Advent International supported the company’s management in its transformation from a hard discount to a value fashion brand, and in accelerating its international growth strategy and expanding its business.

The number of stores was increased, existing shops were modernised, operational systems and processes were significantly strengthened and the product range was expanded. In addition, Takko expanded into new countries in Central and Eastern Europe and Western Europe, and a new store concept – 1982 – was launched in inner city locations. Before its sale in 2011, Takko evolved from a functional product organisation focused on sourcing, into a system and process orientated organisation focused on customers and stores.

Stephan Swinka

CEO

Takko

As partner at our side, Advent supported us and actively accompanied the development of our business. Quotation Marks Graphic
2,000

jobs created

30%

increase in sales

What did the business need?

  • Like for like growth through system and process improvement
  • Expansion in existing markets and entry into new geographies
  • Innovation through extended product range and new format roll-out

How did private equity backing create lasting value?

  • Strengthened existing management team with new CEO, CFO and COO hires
  • Improved merchandising skills
  • Focused on key metrics such as sales per square metre, like for like growth and footfall
  • Initiated a store portfolio reshape and redesign programme, refurbishing 1,160 stores in 14 countries
  • Expanded into new geographic markets in Central and Eastern Europe and Southern Europe

What outcomes did private equity investment achieve?

  • Increased store network from 1,050 to close to 1,500 between 2007 and 2010
  • Strengthened domestic position, increasing market share by more than 50%
  • Doubled non-German revenues
  • Increased workforce from approximately 10,000 to 12,000
  • Increased net sales by 30% between 2007 and 2010
  • Significant pay down in net debt to well below industry average

More information

Takko

Advent International

Share

What can I do to manage cookies stored on my computer or phone?

You can accept or refuse cookies. Accepting cookies is usually the best way to make sure you get the best from a website.

Most PCs automatically accept them but you can change your browser settings to restrict, block or delete cookies if you want. Each browser is different, so check the 'Help' menu of your particular browser (or your mobile phone's handset manual) to learn how to change your cookie preferences. Many browsers have universal privacy settings for you to choose from.

Help on how to set and customise your cookie settings for your browser

How to manage cookies in Internet Explorer

Cookie settings in most versions of Internet Explorer can be found by clicking the tools option and then the privacy tab.

How to manage cookies in Firefox

Cookie settings in Firefox are managed in the Options window's Privacy panel. See Options window - Privacy Panel for information on these settings.

How to manage cookies in Chrome

Click on the spanner icon on the toolbar, select settings, click the under the bonnet tab, click on content settings in the privacy section.

How to manage cookies in Opera 

You can manage cookies in Opera if you Click on settings, then Preferences, then Advanced and finally Cookies

How to manage cookies in Safari

Choose Safari, then preferences and then click security. You should then be able to specify if and when Safari should accept cookies.

To manage cookies on your mobile phone please consult your manual or handbook.

Get more help about how cookies work with specific browsers.

What happens if I don't accept cookies?

If you decline cookies, some aspects of Invest Europe site may not work on your computer or mobile phone and you may not be able to access areas you want on the website. For this reason we recommend that you accept cookies.

What happens if I delete my cookies?

If you delete all your cookies you will have to update your preferences with us again and some aspects of our site may not work.

What happens if I change computers or mobile?

If you use a different device, computer profile or browser you will have to tell us your preferences again.

If you'd like to learn more about cookies in general and how to manage them, visit aboutcookies.org.

We can't be responsible for the content of external websites.

Opt-out of cookies

Login

Join today

This is for members only. To view in full login or join Invest Europe today.