EQT buys kfzteile24

The founders will keep their co-CEO positions, while Internetstores CEO René Marius Köhler and Project A Ventures managing director Florian Heinemann will join the board of directors.

The GP stated that it plans to grow the company by further developing the online offering. Its strategy also includes capacity expansion and improving operational efficiency.

EQT typically provides between €20-100m of equity per deal.

Company
Founded in 2001 and based in Berlin, kfzteile24 is an online retailer for automotive spare parts and accessories in Germany. In addition to its online shop, the company has three retail stores with affiliated repair shops in Berlin. It had revenues of €114m in 2014 and employs 500 employees.

People
Matthias Kieper and Torsten Hainke are the founders of kfzteile24. Fabian Wasmus is a partner at EQT.

Adviser
Vendor – Blue Corporate Finance (Financial due diligence).

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• Topics
• DACH
• Buyouts
• Consumer
• Germany