M&A Deal Summary

LUMAS Art Editions Acquires Avenso

On April 30, 2019, LUMAS Art Editions acquired retailer Avenso from EQT

Acquisition Highlights
  • This is LUMAS Art Editions’ 1st transaction in the Retail sector.
  • This is LUMAS Art Editions’ 1st transaction in Germany.

M&A Deal Summary

Date 2019-04-30
Target Avenso
Sector Retail
Buyer(s) LUMAS Art Editions
Sellers(s) EQT
Deal Type Add-on Acquisition

Target

Avenso

Berlin, Germany
Avenso GmbH operates an art gallery network and online retail for photographic art. Avenso GmbH is a photographic printing brand with museum grade quality, serving artists, professional photographers, and corporate customers.

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Buyer(S) 1

Buyer

LUMAS Art Editions

Berlin, Germany

Category Company
Sector Retail
DESCRIPTION

LUMAS Art Editions GmbH is a market major multichannel retailer for museum grade curated photo artworks and contemporary art.


DEAL STATS #
Overall 1 of 1
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2019 M&A 1 of 1

Seller(S) 1

SELLER

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.


DEAL STATS #
Overall 116 of 194
Sector: Retail M&A 9 of 12
Type: Add-on Acquisition M&A Deals 47 of 76
Country: Germany M&A 23 of 34
Year: 2019 M&A 4 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-15 Dellner

Falun, Sweden

Dellner is a niche provider of safety-critical train connection systems for passenger rail rolling stock. The company offers full train connection systems including couplers, gangways, hatches, dampers, and crash management systems, complemented by aftermarket services and support. Dellner was founded in 1941 and is headquartered in Falun, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-01 COFORGE

New Delhi, India

COFORGE is a global IT solutions organization addressing the requirements of clients across Americas, Europe, Asia, and Australia. COFORGE was founded in 1992 and is based in New Delhi, Haryana.

Buy -