EQT exits Kfzteile24 to management, investor consortium

The sponsor acquired the asset in October 2015 from the company's founders via its Mid Market fund. EQT has made substantial investments in Kfzteile24's digital platform and logistics infrastructure to triple its online offering to three million products, the GP said in a statement.

The deal is the final exit from the 2013 vintage EQT Mid Market. EQT has not raised a mid-market fund since 2016, with further vintages focused on buyout, venture capital, infrastructure and credit.

Venture capital firm Project A is an existing shareholder in the company, having invested a seven-digit sum in March 2016. 

The sponsor recently held a EUR 260m final close on super-specialised healthcare fund LSP Dementia.

During the eight-year hold, Kfzteile24 also grew its B2B customer base and initiated international expansion, said EQT.

The sponsor had been targeting trade players for its exit from the group, as reported, in a Houlihan Lokey-led auction last year. At the time, the company was being marketed off EUR 19m EBITDA.

The transaction closed on April 20.

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• Topics
• DACH
• Exits
• Technology
• EQT
• Germany
• Project A Ventures