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GA Europe Assumes Control of Significant Assets of MS Mode Nederland

October 11, 2016, 07:22 AM
Filed Under: Banking News

GA Europe, a leading retail restructuring specialist and a division of Great American Group (GA), has assumed control of significant assets of the Dutch plus size retailer, MS Mode Nederland B.V., which filed for insolvency on August 11th. GA Europe acquired these assets including €36m retail inventory within 130 Nederland stores.

With the goal to deliver a sustainable, restructured business to a going concern investor, GA Europe will be operating the business and executing a store closure program for MS Mode's stores that will enable the retailer to focus on its remaining profitable operations.

"By assuming control of the operations and implementing a proven restructuring program, GA Europe will provide critical support to MS Mode in its pursuit to revitalize an important retailer in the plus size fashion business," said Dr. Tino Bauer, Managing Director of GA Europe. "Having successfully completed over 25 similar transactions, GA Europe has the experience to not only provide capital quickly, but is also positioned to expertly manage the restart of the business."

GA Europe, a division of Great American Group, LLC, offers deep retail expertise and a compelling track record in solving challenging retail situations, operating in partnership with retailers, private equity sponsors, financial stakeholders, corporate lenders and their professional advisors. GA Europe's services focus on valuing retail assets, lending to retailers and working out complex distressed situations, often by taking senior investment positions.

Great American Group, LLC is a leading provider of advisory and valuation services, asset disposition and auction solutions. Great American Group efficiently deploys resources with sector expertise to assist companies, lenders, capital providers, private equity investors and professional service firms in maximizing the value of their assets.

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