Rockaway in €200m Netretail and Heureka deal

The acquisition was partly financed by PPF Group. At €200m, the deal's total value is among the highest in the CEE region in 2015, according to unquote" data.

Only three deals with confirmed values larger than Rockaway's have taken place so far this year: Pamplona's €315m acquisition of Partner in Pet Food; Apollo's buyout of Slovenian bank Nova KBM alongside the European Bank for Reconstruction and Development; and AnaCap's acquisition of Poland's FM Bank, which saw the GP commit at least €200m.

The combined deal for Heureka and Netretail is also the largest in the Czech Republic for the past half-decade.

Rockaway will buy Naspers' entire stakes in both companies, adding to the GP's e-commerce portfolio. The private equity outfit claims the acquisitions will bring its portfolio closer to achieving a total yearly revenue of €1bn.

Subject to anti-trust approvals, Naspers' exit comes directly in the wake of its deal for Russian online classifieds company Avito, which valued the VC-backed company at $2.7bn and saw Nordic VC Northzone make 13x money on the sale of its stake.

Company
Headquartered in Prague, Netretail is an e-commerce business active in the Czech Republic, Slovakia, Poland, Hungary and Slovenia.

The company was founded in 2000 and sells a diversified range of consumer products, generating estimated revenues for the full year 2015 of €400m.

Heureka is an online price comparison search engine operating in Slovakia and the Czech Republic, headquartered in the Czech city of Jablonec nad Nisou. The business offers users comparisons of 13 million products across 40,000 online retailers.

People
Daniel Křetínský and Patrik Tkáč led the deal for Rockaway. Ondrej Fryc is the founder and CEO of Netretail.

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

• Topics
• CEE
• Consumer
• Buyouts
• Technology
• Czech Republic
• Rockaway Capital