Gordon Brothers provided a secured term loan to SPM Toys Trading to supports its purchase of the intellectual property rights and assets of German retailer Spiele Max.
SPM Toys Trading will use the funds to acquire the retail inventory from all 49 Spiele Max stores in Germany. Additionally, SPM Toys Trading will continue developing its online presence.
“We’re delighted to support SPM Toys Trading in their restructuring plans,” Andreas Kemper, managing director at Gordon Brothers, said. “The loan facility will enable the retailer to restructure the Spiele Max business and drive online innovations to further grow the business whilst maintaining a physical presence on the high street.”
“We are pleased to have partnered with Gordon Brothers on this transaction. The cooperation with the entire team at Gordon Brothers was enjoyable and very productive. They have a remarkable track record in retail which made them the ideal partner,” Falk Siegmundt of SPM Toys Trading, said. “This financing will enable us to develop and grow the Spiele Max brand, to drive our digital transformation and to expand our market share further.”
