Arcus Capital, BE acquire Sendmoments
Germany-based private equity firms Arcus Capital and BE Beteiligungen Fonds have acquired a 65% stake in greeting cards manufacturer Sendmoments.
The consortium has bought the majority stake for a medium double-digit million-euro amount, according to reports. The company generates revenues of €35m. Its co-founders will retain a 35% stake and will continue to manage the company.
Arcus invests from an evergreen structure and co-invests in its portfolio companies. The firm typically pays 6-7x EBIT for investments in companies with revenues of €10-150m.
BE provides mezzanine capital and direct investments from a fund volume of €60m, usually taking minority interests in its portfolio companies for a holding period of five to seven years.
Following the transaction, the company will develop its existing product portfolio.
Company
Sendmoments allows customers to design greetings cards online that are then printed by the company. The company's range also includes photo albums, canvases and decorative products. Founded in 2010, it is based in Munich and employs approximately 30 people.
Sendmoments operates five other online shops including hochzeitskarten-traum.de, geburtskarten-himmel.de, geburtstagskarten-hurra.de, invitacionesdeboda-dream.es and zaproszeniaslubne-wymarzone.pl.
People
Arcus Capital – Stefan Eishold (CEO).
Sendmoments – Michael Nadler, Andreas Schulz (managing partners).
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