Verdane steps up DACH activity with four new investments

The fourth investment is to be announced shortly, the GP said in a statement.

Verdane has led a USD 52m round for Vienna-headquartered workplace collaboration software Meister, providing both primary and secondary capital, the GP said in a statement. Verdane's investments in both PremiumXL and Remember have seen the GP take a majority stake in each business.

Verdane has deployed equity for the investments via Edda II Fund, which held a final close in January 2021 on its EUR 540m hard-cap. The fund backs high-growth companies or portfolios of companies, making both minority and majority investments with equity tickets of EUR 10m-150m.

Verdane opened its Berlin office in November 2019 with the aim of increasing its activities in Germany and the DACH region. Verdane's previous investments in Germany include secondhand marketplace Asgoodasnew – a portfolio company of Evoco – as well as software platform HornetSecurity.

Company
Founded in 2006, Meister is headquartered in Vienna, with additional offices in Munich and Seattle. The company has around 100 staff.

PremiumXL is a homeware retailer headquartered in Osnabrück that sells its products via its online store and in around 25 online marketplaces, including Amazon and eBay.

Krefeld-headquartered Remember is a gifting brand operating under KF Design, which was founded in 1995. The company designs and sells gifts in a range of categories including home and décor, fashion, kitchen accessories, and outdoor products.

People
Verdane – Maroje Guertl (principal).
Meister – Michael Hollauf (co-founder, CEO).
PremiumXL – Hermann Tiben (founder, CEO).
Remember – Ingo Fremer (co-founder, co-CEO).

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• Topics
• Buyouts
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• Verdane Capital Partners