Arcus, BE Beteiligungen buy majority stake in Lässig
Arcus Capital and BE Beteiligungen have acquired a majority stake in Lässig, a company that produces sustainable child and baby products.
Lässig's management team will retain a significant minority stake in the company. The GPs plan to invest in its e-commerce capabilities and its digitalisation strategy, according to a statement.
Arcus follows an evergreen structure and co-invests in its portfolio companies. The GP generally pays 6-7x EBIT for investments in companies with revenues of €10-150m.
BE Beteiligungen participates in direct investments in the DACH region and also provides mezzanine capital. The firm generally takes minority interests in its portfolio companies for a period of five to seven years.
Arcus and BE Beteiligungen previously teamed up to acquire a 65% stake in greeting cards manufacturer Sendmoments in May 2019, as reported by Unquote.
Company
Family-run retailer Lässig is based in Babenhausen, Hesse. It sells products for children and babies, as well as parents. Its collections include fashion accessories, clothes, seasonal goods, household goods and textiles. The company focuses on sustainability and has a customer base that spans more than 50 countries.
It has a headcount of 97, according to its website.
People
Lässig – Claudia Lässig, Stefan Lässig (co-founders, managing partners).
Advisers
Vendor – McDermott Will & Emery (legal).
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