Acton invests in German e-commerce portal Yatego

The terms of the deal were not disclosed. This is the fifth investment of the Munich-based growth equity investor from its Heureka Growth Fund, established in 2008. Funding comes from international private and institutional investors.

Company
Founded in 2003, Yatego features approximately 10,000 retailers with around 3.2 million products. It employs over 100 staff in St Georgen, Germany. In 2010, it conducted €100m in transactions.

The platform provides retailers with e-commerce related services, including online marketing, payment and IT systems. There are around 10,000 retailers registered for the service and more than 10 million consumers visiting the website.

People
The current management will stay on the board, including managing directors Michael Ollmann, Stephan Peltzer and Patrick Kötter. They worked on the deal for Yatego. Frank Seehaus and Jan-Gisbert Schultze, both managing partners at Acton, worked on the deal for their firm.

Advisers
Company – RP Richter, Stephan Zuber (Legal); Ernst & Young, Michael Bohn (Economic and tax advice).
Equity – HoffmannBöttger, Michael Hoffmann, Martin Böttger (Legal); Thies Eggers, Thies Eggers (Financial due diligence).

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• Topics
• Expansion
• DACH
• Technology
• Germany