Russmedia Partners buys majority stake in Bergfex

Bergfex's founders, Markus Kümmel, Oliver Jusinger and Andreas Koßmeier, will remain in their management roles and will hold a 40% stake in the business.

The company plans to continue its focus on mountain tourism and to add to its service offering.

Russmedia invests via a one-LP evergreen fund, focusing on digital companies such as online marketplaces and software-as-a-service businesses. The GP invests in profit-making companies with EBITDA of more than €500,000 and at least €2m in revenues. The firm deploys equity tickets of up to €50m and aims to grow its portfolio companies' EBITDA to at least €2m within three to five years.

No debt was used to back the investment.

Bergfex will work in cooperation with Russmedia portfolio company Alpinresorts, an online ski hiring business, and the GP is also reviewing other businesses in the same segment.

The GP has made a number of investments in the tourism sector, including platform investment Erento and the add-on of Campanda, announced in May 2020. 

Company
Bergfex is an online and app-based platform for outdoor tourism in the Alps. The platform allows users to plan their accommodation, as well as research weather, snow depths, hiking and mountain biking. Bergfex has 65 million yearly users, according to a statement. The company was founded in 1999 and is headquartered in Graz.

People
Russmedia Equity Partners – Eugen Russ (managing director).
Bergfex – Markus Kümmel, Oliver Jusinger, Andreas Koßmeier (founders).

Advisers
Company – GCA Altium (corporate finance).

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