US private equity house Veronis Suhler Stevenson has sold its stake in Berliner Verlag to minority shareholder Mecom Group plc for reportedly EUR 320m. The financial investor had acquired majority holding alongside Mecom in October 2005 from the Stuttgart-based publishing house Georg von Holtzbrinck.
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