March 15, 2018
Munich, March 2018 – Quarton International has successfully advised diva-e Digital Value Excellence GmbH (“diva-e”) – one of the leading digital agencies in the German-speaking region – on a growth financing that was concluded at the end of February. The funds advised by Permira Debt Managers, together with Kreissparkasse Biberach and Sparkasse Rhein-Nahe, provide credit facilities worth 58 million Euro. The funds will be used to refinance previously closed transactions and for future acquisitions.
“The successful completion of the transaction is another important element of our ambitious growth plan to play a leading role in the ranking of German digital and e-commerce service providers while simultaneously optimizing our capital structure”, says Tilman Au, Co-CEO of the diva-e Group.
Diva-e was founded in 2015 as a merger of 6 leading digital agencies and, together with the investor Emeram Capital Partners, has developed into one of the leading German-language technology and marketing providers for digital solutions through a systematic buy & build strategy.
“The successful refinancing with funds advised by Permira Debt Managers is a confirmation of the viability of our platform, which together with the management through an extensive value creation and integration concept we have led to a growth in sales and earnings. In recent years this growth has been well above the market average”, adds Fabian Furtmeier, Senior Investment Manager at Emeram Capital Partners.
With today’s nine agencies and nearly 600 employees, diva-e is one of the top 10 German digital service providers and is one of the top 3 in the e-community solutions sub-segment.
Michael Schuhmacher, CFO of diva-e, commented on the cooperation with Quarton International: “Quarton has assisted us with outstanding and individual advice in this challenging process in a complex industry environment and has led the transaction to a successful closing.”
Rolf Holtmann, Partner of Quarton International: “I am pleased that we were able to implement a tailor-made financing solution for the diva-e Group, which is growing rapidly, both organically and through acquisitions. This will give the company the necessary flexibility to continue its dynamic development in the coming years.”
About diva-e Digital Value Excellence
The diva-e Digital Value Excellence GmbH, headquartered in Berlin (www.diva-e.com), offers companies a complete solution portfolio for building their digital ecosystems. As a professional partner with many years of experience, diva-e supports customers in the planning, implementation and optimization of projects along the digital value chain. This includes digital strategy consulting and data-driven evaluation of all aspects of digital transformation and business processes, brand development & design, development and adaptation of e-commerce platforms, PIM and content management. With nearly 60 million Euro in sales, 600 employees and 10 locations in Germany with a partner office in Cincinnati/USA, diva-e is one of the largest digital service providers on the market.
About EMERAM Capital Partners
EMERAM Capital Partners is an independent private equity firm for mid-cap companies in the German-speaking area. Funds advised by EMERAM Capital Partners provide capital to drive the development of companies, drawing upon a fund volume of 350 million Euro. Its team of experienced investment professionals currently oversees seven portfolio companies: Boards & More, BENCH International, Hussel, Matrix42, diva-e Digital Value Enterprise, Xovis and Drahtzug Stein. EMERAM Capital Partners regards itself as a long-term business development partner for companies in five industry sectors: consumer goods, retail, industrial goods, business services and healthcare. The six founding partners combine in-depth market knowledge with operational experience in these sectors. Together, the team has successfully closed over 25 transactions and supported the development of portfolio companies by serving on over 40 advisory boards and supervisory boards. EMERAM Capital Partners was founded as an independent partnership in Munich in 2012.
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Quarton advises Medartis on its IPO on SIX Swiss Exchange