Elvaston buys Futura Retail Solutions
Elvaston Capital Management has acquired a stake in Hamburg-based enterprise software business Futura Retail Solutions.
Elvaston is currently investing from its third fund, which launched in 2016 and targets lower-mid-market companies in the technology, healthcare and business services segments with turnover between €10-80m.
Management has retained a substantial stake in the business and will remain operationally in charge of the company.
Company
Futura was founded in 1975 and is headquartered in Hamburg. It offers multi-channel sales software to corporate clients. The company generated revenues of €7.9m in 2016, up from €6.3m in 2015, and employs 58 people, according to publicly available documents.
People
Elvaston Capital Management – Oliver Thum, Thomas Keul (partners).
Futura Retail Solutions – Reinhard Hopp, Norbert Schlief, Axel Suck, Vanjo Wandscher (directors).
Advisers
Equity – P+P Pöllath + Partners (legal).
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