VR Equitypartner acquires stake in Bookwire

Bookwire's founders, Jens Klingelhöfer and John Ruhrmann, will remain in their management positions and will continue to manage the business.

VR Equitypartner will invest in the company's growth with an emphasis on building its client base of major publishing houses and growing internationally, it said in a statement.

Company
PubTech company Bookwire provides digital software-based services around delivery, distribution, marketing and analytics for publishing companies. It focuses on digital publications, including e-books and audiobooks, providing distribution services via Kindle, iBooks, Tolino, Google Play, Spotify and its own software platform, Bookwire OS.

Bookwire has a client base of 1,500 publishing houses, for whom it has marketed a catalogue of 400,000 e-books and 60,000 audiobooks.

Founded in 2010, Bookwire reports revenues of €25-50m. It has a headcount of approximately 50. Bookwire operates in Germany, Spain, Brazil, Mexico and the UK.

People
Bookwire – Jens Klingelhöfer, John Ruhrmann (founders).
VR Equitypartner – Christian Futterlieb (managing partner).

Advisers
Equity – Wachter Digital Partners (commercial due diligence); KPMG (financial due diligence); Watson Farley & Williams (legal, tax).

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