Halder's Anker buys LocaFox

The acquisition aims to expand Anker's point-of-sale service offering, building its capabilities in providing software and cash register services.

The deal was financed via Anker's balance sheet cash and an increase in its debt financing package.

Halder acquired point-of-sale hardware provider Anker in November 2019 via its sixth fund, which held a final close in January 2019. Invest AG and Raiffeisenlandesbank Oberösterreich provided debt to support the buyout.

The GP will continue to consider add-ons for the company in the point-of-sale sector and adjacent segments, in both hardware and software.

Previous funding
HV Holtzbrinck Ventures backed a seed round for LocaFox in September 2013 and returned for a further round in September 2014, along with RATTG Verwaltungs and Dr Max Iann Invest.

In April 2015, existing investors were joined by 2 Welten Investment in a series-A found for LocaFox. HV exited its investment in the company in 2018. In April 2018, 2 Welten Investment and corporate investor Bremer Tageszeitungen backed another round for the company.

Company
LocaFox produces secure cloud-based software for use by stationary retailers in their cash registers. The software is currently used in 2,500 cash registers in Germany, according to a statement. LocaFox was founded in 2013 and is based in Berlin. It employs 70 people, according to its website.

People
Anker Kassensysteme – Fabian Schühle (CEO).
Halder – Christian Muschalik (partner).

Advisers
Acquirer – McDermott Will & Emery (legal); Warth & Klein Grant Thornton (financial due diligence, tax); Invensity (commercial & IT due diligence).

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