Afinum's Caseking buys Overclockers

Afinum initially invested in German firm Caseking in 2010. The company is a distributor and ecommerce retailer of computer components to the PC gaming community.

Overclockers offers similar services in the UK. The acquisition continues the group's growth strategy and will almost double the size of the existing operation.

The combined group will leverage its strength in the two largest European markets to develop its position as a pan-European player. AFINUM and the management team are looking to achieve further growth by increasing the company's market share in existing markets and further expanding its presence in additional countries.

The transaction was funded with a balanced equity/debt structure. Debt was provided from DZ Bank and Berliner Volksbank, and arranged by Dirk Spangenberg, Simon Großmann, Jens Richter and Guido Schiller.

Company
Founded in 1999, Overclockers UK is an ecommerce retailer of specialised PC equipment in the UK, including hardware components, accessories, CPUs and customised PC systems. The company sells more than 2,000 articles from more than 100 brands mainly focused on the gaming and media PC communities. Headquartered in Newcastle-under-Lyme, the company employs around 40 staff.

People
Afinum was represented by Tobias Fauser, Jochen Klemmer and Gernot Eisinger.

Advisers
Equity – Salans, Holger Scheer, Jonathan Edgelow, Simon Newsham
(Legal, tax); KPMG, Johannes Weiler, Frank Kicherer (Financial due diligence); AMR International, Oliver Runkel, Krischan Hertle (Commercial due diligence); Blue Corporate Finance, Andreas Kinsky, Claudius Nestler (Corporate finance); Willis, Edmund Strößer (Insurance due diligence).
Debt – Clifford Chance, Mattias von Buttlar, Katja Lehr, Andreas Seip (Legal).

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• Topics
• Expansion
• Consumer
• DACH
• United Kingdom
• Acquisition finance
• Clifford Chance
• KPMG