{"id":70118,"date":"2025-10-13T12:43:55","date_gmt":"2025-10-13T11:43:55","guid":{"rendered":"https:\/\/www.clairfield.com\/?post_type=transaction&#038;p=70118"},"modified":"2025-10-13T15:44:12","modified_gmt":"2025-10-13T14:44:12","slug":"spar-group-sold-its-swiss-interests-to-swiss-family-office","status":"publish","type":"transaction","link":"https:\/\/www.clairfield.com\/fr\/transaction\/spar-group-sold-its-swiss-interests-to-swiss-family-office\/","title":{"rendered":"SPAR Group sold its Swiss interests to Swiss family office"},"content":{"rendered":"<p>The base equity value of the transaction is of CHF 46.5 million. In addition to the base equity value, SPAR will be entitled to further earnout payments of up to CHF 30 million due at the end of FY27.<\/p>\n<p>Clairfield\u2019s partner in South Africa (RMB) together with Clairfield\u2019s Swiss office, served as joint financial advisor on this transaction which involved extensive negotiations over the last 18 months amidst a challenging Swiss retail backdrop. Clairfield and RMB\u2019s role in the transaction has further solidified our position as trusted advisor and partner to SPAR.<\/p>\n<p>SPAR\u2019s decision to pursue the disposal of its Swiss operations followed a strategic review of its European assets which RMB and Clairfield in Switzerland advised on in 2024. The Group, which holds several SPAR country licences of the Dutch SPAR network, has been streamlining its international portfolio to maximise the return on capital allocated. The Swiss divestment follows last year\u2019s sale of its Polish operations.<\/p>\n<p>This was one of the most complex and high-profile transactions in the Swiss retail sector in recent years, involving:<\/p>\n<ul>\n<li>a network of more than 350 stores, 11 cash &amp; carry outlets and one distribution centre,<\/li>\n<li>a process beginning with a full strategic review for the SPAR Board,<\/li>\n<li>a structured sell-side auction under regulatory and legacy challenges,<\/li>\n<li>and ultimately, a clean transfer of ownership back into Swiss hands.<\/li>\n<\/ul>\n<p>This disposal will enable SPAR to streamline its operations and optimise returns, whilst also freeing up capacity and capital to focus on strategic growth priorities in its remaining core geographies.<\/p>\n","protected":false},"featured_media":70119,"template":"","country":[48,49],"office_involved":[432,351],"service":[4],"sector":[95],"transaction_format":[41,42],"class_list":["post-70118","transaction","type-transaction","status-publish","has-post-thumbnail","hentry","country-south-africa","country-switzerland","office_involved-south-africa","office_involved-switzerland","service-mergers-acquisitions","sector-consumer-retail","transaction_format-case-studies","transaction_format-track-record"],"acf":{"intro_text":"The SPAR Group Limited entered into a sale and purchase agreement with the Swiss family office Tannenwald Holding AG, under the terms of which SPAR will dispose of its entire shareholding in its SPAR Switzerland operations.","image_mode":"simple","transaction_image":70127,"text_between_images":"","transaction_image_2":null,"transaction_text":"Advisor to the seller","similar_transactions":[69061,69491,68196,64486,64125,62145,62485,61938,59591,53293,58730,24008,28760],"team":null},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SPAR Group sold its Swiss interests to Swiss family office - Clairfield<\/title>\n<meta name=\"description\" content=\"The SPAR Group Limited sells its entire shareholding in its SPAR Switzerland operations to the Swiss family office Tannenwald Holding AG.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.clairfield.com\/transaction\/spar-group-sold-its-swiss-interests-to-swiss-family-office\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SPAR Group sold its Swiss interests to Swiss family office - Clairfield\" \/>\n<meta property=\"og:description\" content=\"The SPAR Group Limited sells its entire shareholding in its SPAR Switzerland operations to the Swiss family office Tannenwald Holding AG.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.clairfield.com\/transaction\/spar-group-sold-its-swiss-interests-to-swiss-family-office\/\" \/>\n<meta property=\"og:site_name\" content=\"Clairfield\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-13T14:44:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.clairfield.com\/wp-content\/uploads\/2025\/10\/Spar-CH.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2000\" \/>\n\t<meta property=\"og:image:height\" content=\"700\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Dur\u00e9e de lecture estim\u00e9e\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.clairfield.com\\\/transaction\\\/spar-group-sold-its-swiss-interests-to-swiss-family-office\\\/\",\"url\":\"https:\\\/\\\/www.clairfield.com\\\/transaction\\\/spar-group-sold-its-swiss-interests-to-swiss-family-office\\\/\",\"name\":\"SPAR Group sold its Swiss interests to Swiss family office - Clairfield\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.clairfield.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.clairfield.com\\\/transaction\\\/spar-group-sold-its-swiss-interests-to-swiss-family-office\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.clairfield.com\\\/transaction\\\/spar-group-sold-its-swiss-interests-to-swiss-family-office\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.clairfield.com\\\/wp-content\\\/uploads\\\/2025\\\/10\\\/Spar-CH.jpg\",\"datePublished\":\"2025-10-13T11:43:55+00:00\",\"dateModified\":\"2025-10-13T14:44:12+00:00\",\"description\":\"The SPAR Group Limited sells its entire shareholding in its SPAR Switzerland operations to the Swiss family office Tannenwald Holding AG.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.clairfield.com\\\/transaction\\\/spar-group-sold-its-swiss-interests-to-swiss-family-office\\\/#breadcrumb\"},\"inLanguage\":\"fr-FR\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.clairfield.com\\\/transaction\\\/spar-group-sold-its-swiss-interests-to-swiss-family-office\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-FR\",\"@id\":\"https:\\\/\\\/www.clairfield.com\\\/transaction\\\/spar-group-sold-its-swiss-interests-to-swiss-family-office\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.clairfield.com\\\/wp-content\\\/uploads\\\/2025\\\/10\\\/Spar-CH.jpg\",\"contentUrl\":\"https:\\\/\\\/www.clairfield.com\\\/wp-content\\\/uploads\\\/2025\\\/10\\\/Spar-CH.jpg\",\"width\":2000,\"height\":700},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.clairfield.com\\\/transaction\\\/spar-group-sold-its-swiss-interests-to-swiss-family-office\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.clairfield.com\\\/fr\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Transactions\",\"item\":\"https:\\\/\\\/www.clairfield.com\\\/transaction\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"SPAR Group sold its Swiss interests to Swiss family office\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.clairfield.com\\\/#website\",\"url\":\"https:\\\/\\\/www.clairfield.com\\\/\",\"name\":\"Clairfield\",\"description\":\"Defined by your success\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.clairfield.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.clairfield.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"fr-FR\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.clairfield.com\\\/#organization\",\"name\":\"Clairfield\",\"url\":\"https:\\\/\\\/www.clairfield.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-FR\",\"@id\":\"https:\\\/\\\/www.clairfield.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.clairfield.com\\\/wp-content\\\/uploads\\\/2022\\\/07\\\/Clairfield_Light.png\",\"contentUrl\":\"https:\\\/\\\/www.clairfield.com\\\/wp-content\\\/uploads\\\/2022\\\/07\\\/Clairfield_Light.png\",\"width\":6393,\"height\":1182,\"caption\":\"Clairfield\"},\"image\":{\"@id\":\"https:\\\/\\\/www.clairfield.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SPAR Group sold its Swiss interests to Swiss family office - Clairfield","description":"The SPAR Group Limited sells its entire shareholding in its SPAR Switzerland operations to the Swiss family office Tannenwald Holding AG.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.clairfield.com\/transaction\/spar-group-sold-its-swiss-interests-to-swiss-family-office\/","og_locale":"fr_FR","og_type":"article","og_title":"SPAR Group sold its Swiss interests to Swiss family office - Clairfield","og_description":"The SPAR Group Limited sells its entire shareholding in its SPAR Switzerland operations to the Swiss family office Tannenwald Holding AG.","og_url":"https:\/\/www.clairfield.com\/transaction\/spar-group-sold-its-swiss-interests-to-swiss-family-office\/","og_site_name":"Clairfield","article_modified_time":"2025-10-13T14:44:12+00:00","og_image":[{"width":2000,"height":700,"url":"https:\/\/www.clairfield.com\/wp-content\/uploads\/2025\/10\/Spar-CH.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Dur\u00e9e de lecture estim\u00e9e":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.clairfield.com\/transaction\/spar-group-sold-its-swiss-interests-to-swiss-family-office\/","url":"https:\/\/www.clairfield.com\/transaction\/spar-group-sold-its-swiss-interests-to-swiss-family-office\/","name":"SPAR Group sold its Swiss interests to Swiss family office - Clairfield","isPartOf":{"@id":"https:\/\/www.clairfield.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.clairfield.com\/transaction\/spar-group-sold-its-swiss-interests-to-swiss-family-office\/#primaryimage"},"image":{"@id":"https:\/\/www.clairfield.com\/transaction\/spar-group-sold-its-swiss-interests-to-swiss-family-office\/#primaryimage"},"thumbnailUrl":"https:\/\/www.clairfield.com\/wp-content\/uploads\/2025\/10\/Spar-CH.jpg","datePublished":"2025-10-13T11:43:55+00:00","dateModified":"2025-10-13T14:44:12+00:00","description":"The SPAR Group Limited sells its entire shareholding in its SPAR Switzerland operations to the Swiss family office Tannenwald Holding AG.","breadcrumb":{"@id":"https:\/\/www.clairfield.com\/transaction\/spar-group-sold-its-swiss-interests-to-swiss-family-office\/#breadcrumb"},"inLanguage":"fr-FR","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.clairfield.com\/transaction\/spar-group-sold-its-swiss-interests-to-swiss-family-office\/"]}]},{"@type":"ImageObject","inLanguage":"fr-FR","@id":"https:\/\/www.clairfield.com\/transaction\/spar-group-sold-its-swiss-interests-to-swiss-family-office\/#primaryimage","url":"https:\/\/www.clairfield.com\/wp-content\/uploads\/2025\/10\/Spar-CH.jpg","contentUrl":"https:\/\/www.clairfield.com\/wp-content\/uploads\/2025\/10\/Spar-CH.jpg","width":2000,"height":700},{"@type":"BreadcrumbList","@id":"https:\/\/www.clairfield.com\/transaction\/spar-group-sold-its-swiss-interests-to-swiss-family-office\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.clairfield.com\/fr\/"},{"@type":"ListItem","position":2,"name":"Transactions","item":"https:\/\/www.clairfield.com\/transaction\/"},{"@type":"ListItem","position":3,"name":"SPAR Group sold its Swiss interests to Swiss family office"}]},{"@type":"WebSite","@id":"https:\/\/www.clairfield.com\/#website","url":"https:\/\/www.clairfield.com\/","name":"Clairfield","description":"Defined by your success","publisher":{"@id":"https:\/\/www.clairfield.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.clairfield.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"fr-FR"},{"@type":"Organization","@id":"https:\/\/www.clairfield.com\/#organization","name":"Clairfield","url":"https:\/\/www.clairfield.com\/","logo":{"@type":"ImageObject","inLanguage":"fr-FR","@id":"https:\/\/www.clairfield.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.clairfield.com\/wp-content\/uploads\/2022\/07\/Clairfield_Light.png","contentUrl":"https:\/\/www.clairfield.com\/wp-content\/uploads\/2022\/07\/Clairfield_Light.png","width":6393,"height":1182,"caption":"Clairfield"},"image":{"@id":"https:\/\/www.clairfield.com\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/www.clairfield.com\/fr\/wp-json\/wp\/v2\/transaction\/70118","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.clairfield.com\/fr\/wp-json\/wp\/v2\/transaction"}],"about":[{"href":"https:\/\/www.clairfield.com\/fr\/wp-json\/wp\/v2\/types\/transaction"}],"acf:post":[{"embeddable":true,"href":"https:\/\/www.clairfield.com\/fr\/wp-json\/wp\/v2\/transaction\/28760"},{"embeddable":true,"href":"https:\/\/www.clairfield.com\/fr\/wp-json\/wp\/v2\/transaction\/24008"},{"embeddable":true,"href":"https:\/\/www.clairfield.com\/fr\/wp-json\/wp\/v2\/transaction\/58730"},{"embeddable":true,"href":"https:\/\/www.clairfield.com\/fr\/wp-json\/wp\/v2\/transaction\/53293"},{"embeddable":true,"href":"https:\/\/www.clairfield.com\/fr\/wp-json\/wp\/v2\/transaction\/59591"},{"embeddable":true,"href":"https:\/\/www.clairfield.com\/fr\/wp-json\/wp\/v2\/transaction\/61938"},{"embeddable":true,"href":"https:\/\/www.clairfield.com\/fr\/wp-json\/wp\/v2\/transaction\/62485"},{"embeddable":true,"href":"https:\/\/www.clairfield.com\/fr\/wp-json\/wp\/v2\/transaction\/62145"},{"embeddable":true,"href":"https:\/\/www.clairfield.com\/fr\/wp-json\/wp\/v2\/transaction\/64125"},{"embeddable":true,"href":"https:\/\/www.clairfield.com\/fr\/wp-json\/wp\/v2\/transaction\/64486"},{"embeddable":true,"href":"https:\/\/www.clairfield.com\/fr\/wp-json\/wp\/v2\/transaction\/68196"},{"embeddable":true,"href":"https:\/\/www.clairfield.com\/fr\/wp-json\/wp\/v2\/transaction\/69491"},{"embeddable":true,"href":"https:\/\/www.clairfield.com\/fr\/wp-json\/wp\/v2\/transaction\/69061"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.clairfield.com\/fr\/wp-json\/wp\/v2\/media\/70119"}],"wp:attachment":[{"href":"https:\/\/www.clairfield.com\/fr\/wp-json\/wp\/v2\/media?parent=70118"}],"wp:term":[{"taxonomy":"country","embeddable":true,"href":"https:\/\/www.clairfield.com\/fr\/wp-json\/wp\/v2\/country?post=70118"},{"taxonomy":"office_involved","embeddable":true,"href":"https:\/\/www.clairfield.com\/fr\/wp-json\/wp\/v2\/office_involved?post=70118"},{"taxonomy":"service","embeddable":true,"href":"https:\/\/www.clairfield.com\/fr\/wp-json\/wp\/v2\/service?post=70118"},{"taxonomy":"sector","embeddable":true,"href":"https:\/\/www.clairfield.com\/fr\/wp-json\/wp\/v2\/sector?post=70118"},{"taxonomy":"transaction_format","embeddable":true,"href":"https:\/\/www.clairfield.com\/fr\/wp-json\/wp\/v2\/transaction_format?post=70118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}