BWK buys minority stake in Qlocktwo

Managing director Jens Adamik has also invested to become a minority shareholder.

BWK intends to support the company with its growth plans. The GP focuses on businesses with revenues of at least €10-15m, providing equity tickets of €5-30m for single investments.

Company
Qlocktwo designs and produces clocks and watches that show the time via a backlit word matrix, rather than using a traditional watch face or numerical display. The company also sells cables and front covers for its clocks. Qlocktwo sells its products via its website and its stores in Berlin, Hamburg, Munich and Stuttgart, as well as through approximately 1,000 retail partners in the watch, jewellery and interior design markets. Qlocktwo was founded in 2009 and is based in Schwäbisch Gmünd. It employs 60 staff.

People
BWK – Jochen Wolf (spokesman for the management).
Qlocktwo – Marco Biegert, Andreas Funk (founders); Jens Adamik (managing director).

Advisers
Equity – Menold Bezler (legal); Mauer Unternehmensberatung (financial due diligence, tax); Roll & Pastuch (commercial due diligence).
Vendor – GCA Altium (corporate finance).

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• Topics
• Buyouts
• DACH
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• BWK GmbH