German Capital, alongside the Hellwig family, has made an offer of EUR 7.20 per share for a 45% stake in listed kitchen outfitter Alno AG. The investment will be made via Küchen Holding GmbH, a vehicle set up by German Capital. The offered share price represents a premium of 13% against the average for the last six months.
GP also announced the refinancing of online gardening retailer YouGardem, scoring a 60% cost return
CDP Venture and Tim Ventures take part in the round, alongside Club Digital and Club Italia Investimenti 2
Deal is the second from Bid Equity II, which held a close in November 2019 and targets B2B software
Early-stage investor Italian Angels for Growth and Swiss holding company Brahma also take part in the round