PRK Partners, working with Hengeler Mueller, has advised XXXLutz Deutschland on its acquisition of the Porta Group from Porta Westfalica.
According to PRK Partners, through the transaction, XXXLutz Deutschland has acquired an additional 140 furniture stores in Germany, the Czech Republic, and Slovakia.
The Porta Group is a family-run furnishing company.
XXXLutz is a German furniture retailer with over 370 furniture stores in 14 countries and employs more than 27,100 people. In addition, it operates 24 online shops in the XXXLutz, Moebelix, and Moemax sales channels.
The PRK Partners team included Partners Vaclav Bily and Martin Kriz and Senior Attorneys at Law Lucie Vorlova and Silvia Kratochvilova.