Investment banks like to boast of the seamless service, the multi-skilled capacity they offer their clients. Sadly, given the competitive landscape they inhabit, they do not always get the opportunity to flaunt it. JPMorgan recently showed how it can be done, however, with a satisfying succession of mandates from Metro and its former subsidiary, Praktiker.
Metro is the largest retailer in Germany and in central and eastern Europe. Its main focus is food, and its two principal divisions are Metro/ Makro cash and carry, which operates in more than 30 countries, and Real hypermarkets, with a predominantly German presence. It has successful European consumer electricals chains, Media Markt and Saturn, and a department store business, Kaufhof.
