
Afinum acquires stake in All4Golf
Afinum has acquired an undisclosed stake in Golfversand Hannover (All4Golf), a German online golfing equipment retailer.
Afinum hopes to grow the company's business in Germany and to expand abroad.
Financial details of the transaction have not been disclosed.
Stefan Kirste, the group's managing director and former sole owner, will remain in his management role.
Afinum declined to comment when approached by Unquote.
The GP deployed capital from Afinum Achte Beteiligungsgesellschaft, which held its final close in September 2017 on €410m. The vehicle writes equity cheques of €20-50m per investment and will make 12-14 investments in its lifecycle. The fund has made five investments so far, according to Unquote Data.
Company
All4Golf was acquired by Stefan Kirste in 1997. The company was founded in 1986 and was formerly named Stephan Moll Golf Versand.
All4Golf sells golfing equipment online, with a retail outlet in Hanover, and has more than 20,000 products in its portfolio. It has 44 employees, according to its website.
Advisers
Vendor - Proventis Partners (M&A).
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