Baker Tilly accompanies Peek & Cloppenburg's acquisition of the traditional Danish department store chain Magasin du Nord

Baker Tilly comprehensively advised the fashion retailer Peek & Cloppenburg with headquarters in Düsseldorf and Vienna on diverse aspects of the acquisition of the Danish department store chain Magasin du Nord. The department store chain based in Copenhagen had belonged to the British Debenhams Group since 2009 and was sold as part of a structured bidding process.

The interdisciplinary advisory services of Baker Tilly's Competence Center Transactions consisted essentially of an integrated financial and tax due diligence as well as the tax structuring of the deal. An international team of Baker Tilly experts from Munich and Copenhagen worked closely together.

The team of transaction services professionals around the Munich partners Oliver Hubertus (Tax), Frank Stahl (Financial) and Uwe Roth (Tax) included Sebastian Hafner and Matus Bonko (both Financial), as well as the Danish tax expert Lars Brandt and his colleagues from Baker Tilly Denmark (Tax).

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About Baker Tilly

With 37,000 employees in 148 countries, Baker Tilly provides a broad range of innovative and individual consulting services in the areas of Audit & Advisory, Tax, Legal and Consulting worldwide. Globally, our accountants, lawyers, tax advisors and management consultants develop solutions which are precisely tailored to the individual needs of our clients and implement them with the highest standards of quality and efficiency. Based on our entrepreneurial consulting philosophy, the engagement partners form interdisciplinary teams consisting of specialists best suited for each particular project. In Germany, Baker Tilly employs 1,160 specialists in ten different locations and is one of the largest partner-managed consulting firms  in the country. The Baker Tilly Competence Centers and Industry Teams combine know-how and expertise from various disciplines and industries in cross-sector teams, focusing on the specific requirements of clients and their markets.

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