Palamon Capital Partners - Acquisition of controlling stake in Loyalty Partner

  • 06 Oct 2005
 

Slaughter and May, together with Clifford Chance, are advising LB Luxembourg ONE S.A.R.L, a company formed by London based private equity investor, Palamon Capital Partners, on the acquisition by Palamon of a controlling stake in Loyalty Partner from Lufthansa Commercial Holding and Metro AG. Lufthansa is selling its entire stake.

Metro will continue to hold approximately 10%, Alexander Rittweger (CEO and founder) has increased his interest to approximately 20% and Roland Berger's stake remains unchanged. Loyalty Partner is the operator of Germany's leading loyalty program PAYBACK.

 
 

Contacts

 

David Wittmann (partner)

Clifford Chance: Chris Kellett (partner), Stefan Joergens (associate)

 
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