UNQUOTE

GERMANY - Apax acquires D+S Europe

  • Mareen Goebel
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Apax has made an offer for SDax-listed e-commerce service provider D+S Europe. Apax is reported to have offered EUR 13 per share, with the offer supported by the company's management.

The company is based in Hamburg and will not immediately be taken private, but stay on the SDax in the medium-term. The offer values the company at around EUR 490m. Apax previously invested EUR 42.5m for an equity stake in the company. Apax has so far acquired 27% of the company from major stakeholders and plans to acquire the company without debt.
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