Ardian takes minority stake in Kapten & Son

Ardian will secure a minority stake in the business, with the aim of helping it develop across the rest of Europe.

Following investments in France, Italy, Spain, Switzerland and Benelux, Ardian Growth head Laurent Foata said Germany was a key market for the development of the GP's strategy. Kapten & Son's premium products, its direct-to-consumer model and its focus on advanced data-based marketing were all factors that made the business attractive, Ardian said in a statement.

Ardian Growth II closed on its hard-cap of €230m in early 2018. The GP's growth equity programme aims to back pan-European companies in the sectors of technology, media and telecommunications, with optional investments in the industrial and consumer sectors. The fund targets both minority and majority acquisitions, providing equity tickets in the €5-25m range to digital businesses with a turnover of €5-100m. The fund plans to invest in around 17 companies overall, Unquote reported at the time of the close.

Company
Established in 2014, Kapten & Son is an online store focusing on premium, lifestyle fashion products and accessories. The company currently generates revenues in excess of €50m.

People
Ardian Growth – Laurent Foata (managing director); Romain Chiudini, Olivier Roy (directors).
Kapten & Son – Johannes Theobald, Artjem Weissbeck, Fabian
Deventer (co-founders).

Advisers
Equity – McDermott Will & Emery (legal); Deloitte (financial due diligence, tax); Singulier (commercial due diligence).
Company – GCA Altium (corporate finance); Gütt Olk Feldhaus (legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• Consumer
• DACH
• Ardian (formerly Axa PE)
• Germany