M&A Deal Summary

Castik Capital and Summa Equity Acquire TBauctions

On November 25, 2021, private equity firms Castik Capital and Summa Equity acquired internet software and services company TBauctions from Bencis Capital Partners

Acquisition Highlights
  • This is Castik Capital’s 2nd and Summa Equity’s 4th transaction in the Internet Software and Services sector.
  • This is Castik Capital’s 2nd and Summa Equity’s 2nd transaction in the Netherlands.

M&A Deal Summary
Date 2021-11-25
Target TBauctions
Sector Internet Software and Services
Buyer(s) Castik Capital
Summa Equity
Sellers(s) Bencis Capital Partners
Deal Type Secondary Buyout
Advisor(s) Rothschild Global Advisory (Financial)

Target

TBauctions

Amsterdam, Netherlands
TBAuctions is an online auction platform and marketplace for second hand and second chance goods. The company auctions movable and immovable goods on behalf of third parties through ATLAS, its proprietary IT platform for intelligent auctioning (IA). TBAuctions is based in Amsterdam, Netherlands.

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Buyer(S) 2

Buyer

Castik Capital

Investor

Category Private Equity Firm
Founded 2014
PE ASSETS 1.3B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Castik Capital Partners advises Luxembourg based Castik Capital, the manager of the EPIC Funds. Castik seeks public and private investment opportunities throughout Europe where the Firm can commit €100 to €300 million per transaction. Castik was formed in 2014 and is based in Luxembourg.

DEAL STATS #
Overall 12 of 14
Sector (Internet Software and Services) 2 of 2
Type (Secondary Buyout) 7 of 9
Country (Netherlands) 2 of 3
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-04 Element Logic

Klofta, Norway

Element Logic is a specialized integrator for automated warehouse solutions centred around the AutoStore system. Element Logic’s focus on being a pure-play AutoStore system provider has made it a trusted one-stop shop for warehouse automation solutions in Europe, underpinned by expertise and technology. Element Logic was founded in 1985 and is based in Klofta, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-18 ARTUS

Isernhagen, Germany

ARTUS is a damage reorganizer in the field of fire, water, and elemental damage as well as consequential damage. ARTUS was formed in 2012 and is based in Isernhagen, Germany.

Buy -
Buyer

Summa Equity

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2016
PE ASSETS 14.0B SEK
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Summa Equity is a private equity firm that looks to invest €10 to €50 million per transaction and pursues growing companies with significant business relations in the Nordic region. Summa Equity was formed in 2016 and is headquartered in Stockholm, Sweden.

DEAL STATS #
Overall 20 of 25
Sector (Internet Software and Services) 4 of 4
Type (Secondary Buyout) 6 of 7
Country (Netherlands) 2 of 2
Year (2021) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-07 Lakers Group

Oslo, Norway

Lakers Group is an independent water pump service company in the Nordic region. Providing maintenance, service, development, and technical consulting of pumps, pumping stations, electrical motors, and related components. Lakers Group was founded in 2016 and is headquartered in Oslo, Norway.

Sell kr2.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-01 Intix

Mechelen, Belgium

Intix is a fintech company that provides a transaction and compliance insight platform for the financial sector. The company offers unique ‘off the shelf’ technology products to trace and monitor financial transaction data. Intix’s platform makes data more transparent and actionable for banks and financial institutions in payment modernization, compliance, and audit. Their client portfolio consists of Tier 1 banks all over the world, such as KBC, Nordea, Societe Generale, and Standard Bank of South Africa. Intix was founded in 2011 and is based in Mechelen, Belgium.

Buy -

Seller(S) 1

SELLER

Bencis Capital Partners

Amsterdam, Netherlands

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 1.9B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Bencis Capital Partners is an independent private equity firm focused on investments in profitable, established companies headquartered in Belgium, Netherlands, and Luxembourg. Target businesses typically generate sales of €25 to €500 million and operate in the industrial/manufacturing, food/beverages, logistics/distribution, chemicals, automotive, leisure, media, services, utilities and retail industries. Bencis Capital Partners was formed in 2000 and is based in Amsterdam with an additional offices in Diegem, Belgium and Düsseldorf, Germany.

DEAL STATS #
Overall 29 of 32
Sector (Internet Software and Services) 2 of 2
Type (Secondary Buyout) 10 of 11
Country (Netherlands) 26 of 26
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-01 Allpa Marine Equipment

Nijmegen, Netherlands

Allpa Marine Equipment is an international wholesaler and distributor of technical marine parts and accessories mainly for recreational boats. The company offers a broad assortment of well-known A-brands and “by Allpa” branded third-party products. Allpa Marine Equipment was founded in 1971 and is based in Nijmegen, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 Clinias Dental Group

Breda, Netherlands

Clinias Dental Group is a vertically integrated dental chain. Dental care will be provided to the patients of the group through large scale dental clinics meeting the highest quality standards, through emergency dental clinics and through mobile dental clinics to patients with no or limited ability to visit our clinics. The (mobile) clinics and their staff will have access to a broad range of products and services provided from within the group including but not limited to dental implants, dental laboratory technicians, micro-biological tests and recruitment and staffing services. Clinias Dental Group is based in Breda, Netherlands.

Buy -
Mergr

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