Ardian acquires 40% stake in Chal-tec

Following completion of the deal, Chal-tec will undertake an international expansion strategy. It will also invest in marketing and the expansion of its product range.

The GP also stated it was providing additional financial resources to support the company's growth as part of the deal.

Ardian's capital was drawn from Ardian Expansion Fund III, a €500m vehicle that held a final close in March 2014. Despite closing so recently, the fund has already made its first exit, divesting Italian rubber seals manufacturer Novotema Group to US trade buyer Idex for a cash consideration of €57m in April 2015.

Company
Headquartered in Berlin and founded in 2005, Chal-tec is an e-commerce company that focuses on the consumer electronics, light and sound sectors. The business anticipates a turnover of €100m for the current financial year, with 50% of its sales generated from the German market. It employs 300 people in Berlin, Bratislava and Hong Kong.

People
Marc Abadir is managing director in Ardian's German expansion team. Dirk Wittneben, Florian Korp and Yannic Metzger also worked on the deal. Peter Chaljawski is CEO and founder of Chal-tec.

Advisers
Equity – Willkie Farr & Gallaghar (Legal); Deloitte (Financial due diligence, IT due diligence); Taxess (Tax); Goetzpartners (Commercial due diligence, M&A).
Company – Raue (Legal); Altum Capital (M&A).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• DACH
• Consumer
• Germany
• Ardian (formerly Axa PE)