Nauta leads €13.5m round for Mysportgroup

Nauta made the investment through the Nauta III vehicle, which closed on $150m in 2011.

UK group Boost contributed €5.5m from its debt fund, while Cipio Partners injected €2m into the company. The remaining €3m came from previous investors XAnge Private Equity and Grazia Equity, as well as minority shareholders.

The fresh capital will underpin the firm's expansion into new markets including Britain, France, Spain and Italy.

Company
Founded in early 2010 by Albert Meier Schwarz and Erik Pfannmöller and based in Berlin, Mysportgroup is an e-commerce firm that retails sports equipment and clothing. The company is currently active in Germany and Austria and is looking to expand into Britain, France, Spain and Italy.

Mysportgroup operates two platforms. The first, Mysportbrands, offers discounts of up to 70% on branded sports clothing and accessories. The second, Mysportworld, retails high-end sports clothing and equipment.

The company reported a turnover of €7.9m for the first half of this year and expects to close 2012 with revenues of €20m.

People
Javier Rubió is a partner at Nauta and worked on the transaction.

Advisers
Equity (Nauta Capital) – SJ Berwin, Frank Vogel (Legal).
Company – P+P Pöllath + Partners, Marco Eickmann (Legal).

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• Topics
• DACH
• Consumer
• Expansion
• Germany
• Nauta Capital
• XAnge Private Equity