International law firm Clifford Chance has advised SCP Group (SCP) and real Group on the complex divestment process of retailer real.

Since the purchase of real Group by investor SCP from METRO AG in June 2020, real Group has undertaken far-reaching measures for the divestment of sites to competitors in the food sector and the transformation of its operations, which were accompanied by Clifford Chance.

The divestment of the remaining 63 stores was contractually agreed in December 2021 and completed on July 1, 2022. In addition to the actual transaction, Clifford Chance also advised on a new supply relationship with REWE and a complex carve-out of parts of the real group's business in preparation for the change of ownership.

The new owners of real Group are the family office of the Tischendorf entrepreneurial family and a team of real Group managers. The successful completion of the transaction as the final step in the transformation process means that real stores can now continue to operate under the new brand name "mein real" at 63 locations nationwide. On the side of the acquirers, the transaction was comprehensively advised by the law firm act legal Germany (AC Tischendorf Rechtsanwälte).
The Clifford Chance team advising SCP and the real Group was led by partner Dr. Cristina Weidner (Restructuring & Insolvency, Frankfurt) and partner Frederik Mühl (Corporate/Private Equity, Frankfurt).