Emporis sale to CoStar
Parklane Capital successfully advised Emporis on its recent sale to U.S.-based CoStar Group. In the preparation of the planned share deal, Parklane was able to advise Emporis on business planning and framing for the transaction as well as during the contract negotiation phase. Parklane is particularly pleased to have been able to advise in the sale of yet another company to a listed multinational player as part of a cross-border transaction.
Emporis was founded in 2000 as a data mining company with a focus on collecting data on skyscrapers and high-rise buildings. Headquartered in Hamburg, Germany, the company manages one of the largest building communities in the world and markets its global collection of data and photographs of buildings to clients such as Allianz, at&t, BCG, Bloomberg, Wharton Busines School, and many more. Emporis is frequently cited by a host of reputable journals and articles, has developed the annual Emporis Skyscraper Award into an industry standard, and is known to set a standard for information on international skyscrapers and high-rise buildings.
CoStar Group, Inc. (NASDAQ: CSGP) is the leading provider of commercial real estate information, analytics and online marketplaces. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. The company’s suite of online services enables clients to analyse, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality sector. Ten-X provides a leading platform for conducting commercial real estate online auctions and negotiated bids. LoopNet is the most heavily trafficked commercial real estate marketplace online with over 7 million monthly unique visitors. Realla is the UK’s most comprehensive commercial property digital marketplace. Apartments.com, ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, Westside Rentals, AFTER55.com, CorporateHousing.com, ForRentUniversity.com and Apartamentos.com form the premier online apartment resource for renters seeking great apartment homes and provide property managers and owners a proven platform for marketing their properties. CoStar Group’s websites attracted an average of approximately 69 million unique monthly visitors in aggregate in the third quarter of 2020. Headquartered in Washington, DC, CoStar Group maintains offices throughout the U.S. and in Europe, Canada and Asia with a staff of over 4,300 worldwide, including the industry’s largest professional research organization.
Filltech sale to BRITA
Parklane Capital advised Filltech GmbH on its recent transaction, which saw the three Filltech shareholders selling 100% of shares to the BRITA Group. The deal underlines Parklane Capital’s strong positioning in advisory of family-businesses. Parklane was able to assist the Filltech shareholders throughout the entire sales process with particular emphasis on the strategic positioning of Filltech’s business model, the approach of potential investors, and the deal term negotiations. Filltech shareholder and serial entrepreneur Jörg Lamprecht retrospectively concluded “the outcome of the transaction along with the entire process and its management exceeded our expectation in terms of professionalism, management, investor network, and expertise. We are very happy to have worked with Parklane as our advisor.”
The family-run Filltech GmbH employs 130 FTEs and is Europe’s largest producer of CO2 filled cylinders for watermakers. These small carbonation systems are becoming increasingly frequent in private households (with a growing market penetration of larger 10% in Germany and up to 20% in Switzerland and Sweden). Additionally, Filltech also has a strong manufacturing background that saw it become the leading manufacturer of CO2 filling solutions in the world. Following a strategic shift in business strategy, Filltech has increasingly focused on filling of CO2 cylinders in recent years becoming the largest independent filling company in the world, second in total volume only to industry giant SodaStream - subsidiary of Pepsi Co.
The BRITA Group is a family-business founded in 1966 by Heinz Hankammer and today is managed in 2nd generation by Markus Hankammer. BRITA is primarily known for its production of water jugs, kettles and tap attachments with integrated disposable filters. The primary filtering mechanism consists of activated carbon and iron-exchange resin. The BRITA Group is comprised of 29 national and international entities with ~2,000 employees, BRITA products are distributed to 66 countries with a strong footprint in the North American market. The Filltech transaction will allow BRITA to further strengthen its position in the CO2 filling market.
Diconium sale to Volkswagen
The Volkswagen Group has acquired the remaining 51% of diconium so 100% of the company. With the complete acquisition of the shares Volkswagen strengthens its capabilities in the development of digital sales solutions. Parklane Capital acted in an advisory capacity for diconium. With this deal Parklane Capital was able to demonstrate its expertise in technology once again.
diconium is Germany's largest independent digital business and technology company providing services for the entire process of digital transformation: from innovation & strategy, customer experience, marketing & artificial intelligence, commerce and technology solutions to building up digital units.
Volkswagen AG, known internationally as the Volkswagen Group, is a German multinational automotive manufacturing company headquartered in Wolfsburg, Lower Saxony, German. It designs, manufactures and distributes passenger and commercial vehicles, motorcycles and engines and offers related services including financing, leasing and fleet management.
Genui Partners and Primepulse investment into Mindcurv
Advised by Parklane Capital, GENUI invests in digital specialist Mindcurv along with tech investor Klaus Weinmann (via PRIMEPULSE, a technology-orientated investment holding). The deal underlines Parklane Capital’s leading position in the technology and digital transformation space and demonstrates its ability to successfully deliver on buy-side transactions connecting private equity with growth companies.
GENUI is a private investment firm established by a group of exceptional entrepreneurs and investment experts who believe in “Good Entrepreneurship”. GENUI exclusively makes long-term investments in medium-sized companies with the aim of enabling sustainable growth and providing a value-add to society. Every company is supported within a professional governance framework by a dedicated entrepreneur, who provides access to relevant expertise and a network of contacts.
Mindcurv, headquartered in Essen, was founded by Amjad Liaquat and Nazareno Avila in 2011, with a focus on highly-scalable Digital Commerce platforms for large and medium-sized enterprises. Over the years, Mindcurv has been providing Digital Transformation services, development, and management of global IoT platforms, content and commerce platforms, and cloud infrastructures. Over 235 people work for Mindcurv across four countries; Germany, Netherlands, Spain, and India and deliver services based on leading technology platforms like CommerceTools, BloomReach, SAP, Oracle, AWS, Google and OpenShift.
DAYTONA Ventures acquisition of Valentins
Daytona Ventures, the investment company backed by Erik Siekmann, acquires online flower shop Valentins from Burda Digital. Erik Siekmann had founded Valentins in 1999 and subsequently sold his stake to Burda Digital in 2006. Parklane Capital acted as exclusive financial advisor to Daytona Ventures.
Valentins is one of Germany’s leading online retailers of flowers. In addition to its handmade flower bouquets, Valentins also offers several special occasion gifts like balloons, personalized drinks and flower supplements. Based in Mörfelden-Walldorf close to Frankfurt (Main), Valentins’ headquarters and production facility are perfectly located to serve the German and Austrian market. Since its foundation more than 20 years ago, Valentins has served more than 3 million customers in Germany and Austria.
About Daytona Ventures
Daytona Ventures is a Hamburg-based investment company focused on digital marketing and digital media. The company is backed by e-commerce and digital marketing entrepreneur Erik Siekmann.
About Burda Digital
Burda Digital is the digital division of Hubert Burda Media. The Burda Digital Holding unites successful digital companies such as the professional online network XING, the review platform for doctors jameda and the digital publishing house BurdaForward which operates the German journalism sites Focus Online, CHIP, HuffPost, The Weather Channel and others. In addition to that, Burda Digital also holds a stake in the publicly listed HolidayCheck Group AG, a leading travel company in Germany. Also, leading e-commerce companies such as Cyberport and Computeruniverse are part of the portfolio.
Sevenval sale to IT Services Competence Platform
Parklane Capital acts as exclusive financial advisor to Sevenval and its shareholders. Sevenval Technologies GmbH, the leading German frontend expert for digital transformation, was acquired by the IT Services Competence Platform backed by Oaktree Capital Management and Cornerstone Partners.
Sevenval is a uniquely positioned and highly valued frontend expert with deep technology expertise driving clients’ digital transformation by implementing customer-centric solutions in all “layers” of their company from frontend to backend. Sevenval handles digital transformation holistically and serves as a one-stop-shop, combining the creativity and innovation of a digital agency with the precision and pragmatism of an experienced technology service provider.
About IT Kontrakt backed by Oaktree
The IT Services Competence Platform was launched in June 2017 with the acquisition of IT Kontrakt and the goal to build a leading IT service company that encompasses the entire development life cycle: from consulting to development and implementation. Sevenval is the third company to join the IT Services Competence Platform, following the acquisition of Solidbrain (Poland) and CoreValue (US, Ukraine, Poland). Apart from supporting dynamic growth of its constituent companies the platform envisions further acquisitions focusing on Western Europe and Scandinavia as the next target markets.
Adference sale to ABOUT YOU
Parklane Capital acted as exclusive financial advisor to Adference, a leading AdTech specialist for automation technology for Google and Amazon, and its shareholders as it was acquired by ABOUT YOU. With the acquisition, ABOUT YOU significantly increases its expertise in automation technology for Google and Amazon Ads.
In addition to extensive M&A experience, Parklane Capital has great expertise and insights in the areas of online marketing and advertising technology. Based on this combination of M&A and market knowledge, we felt in good hands not only on a personal level, but also in terms of expertise throughout all processes of the negotiations. This allowed for a pleasant and optimized sales process.
Florian Nottorf - Former CEO of Adference
Adference was founded in 2014 by Dr Florian Nottorf, Christian Borck, Dr Tobias Blask, Stefan Kleine Stegemann and Prof. Dr Burkhardt Funk - as the result of several years of research at Leuphana University Lüneburg. The company supports customers with a team of 23 IT specialists, data scientists and software developers.
About ABOUT YOU
ABOUT YOU was founded as a subsidiary of the Otto Group in 2014. With more than 11m monthly user, ABOUT YOU is one of the largest fashion and lifestyle platforms in Europe and generated revenue of €461m in the financial year 2018/2019. The fashion-tech company is the first unicorn from Hamburg with a company valuation of over one billion dollars.
Honeypot sale to Xing
XING SE, operator of the leading professional network in German-speaking countries, will take over Honeypot GmbH, an innovative job platform for IT experts based in Berlin, with immediate effect. The base purchase price is € 22 million. If ambitious operational goals are achieved within the next three years, earn-out payments will increase up to € 35 million. Parklane Capital supported Honeypot as exclusive advisor in the transaction.
"It was great to have Parklane by our side during our acquisition talks with Xing. Being run by former entrepreneurs, they really understand the interests from a founder perspective. Their knowledge and experience throughout the negotiations and the due diligence process are invaluable. I would work with them again anytime."
Kaya Taner - Co-Founder & CEO of Honeypot
Founded in 2015 by Kaya Taner and Emma Tracey, Honeypot today is Germany's largest tech-focused job platform with nearly 100,000 registered IT specialists and 1,000 weekly users. Among the more than 1,500 corporate clients are i.a. Zeiss, Engel & Voelkers, Zalando and ProSiebenSat1. The special feature: Honeypot turns the application process upside down and companies now have to compete for IT talent. The platform specifically addresses the needs of IT professionals. Honeypot advises them, gives them advice on their curriculum vitae and information on the industry-standard wage level. Companies that apply to IT experts at Honeypot will directly report transparently all the expected salaries, workplaces, programming languages, and the technology they want to work with. Honeypot is not just a job broker: The founders' vision is to build the world's largest work-life community for IT talent.
Xing, the leading professional network in German-speaking countries accompanies its members through the transformation processes of the working world. In an environment of shortage of skilled labor, digitalization and changing values, XING supports its more than 15 million members in bringing together work and life as harmoniously as possible. This allows members of the XING job market to search for a job that suits their individual needs, keep up to date with XING's news offerings, or discuss the changes and trends of the new world of work on the multimedia platform nwx.xing.com. At the beginning of 2013, XING strengthened its position as the market leader in social recruiting by acquiring kununu, the market-leading platform for employer evaluations in German-speaking countries. Founded in 2003, XING has been listed since 2006 and has been listed in the TecDAX since September 2011. The members exchange information on XING in almost 90,000 groups or network in person at one of the more than 130,000 professionally relevant events per year. XING is represented in Hamburg, Munich, Berlin, Barcelona, Vienna, Porto, Valencia and Zurich.
Wine in Black sale to Viva E-commerce AB
The largest Scandinavian wine importer Viva Group acquires 100% of Wine in Black, the Berlin-based online retailer of premium wines. Wine in Black will continue its successful premium course as an operationally independent company under the umbrella of the Viva Group and further expand its market position. Parklane acts as exclusive advisor to Wine in Black as part of the transaction.
It was always our priority to find a partner that would share our vision for Wine in Black. Thanks to Parklane Capital we found exactly that kind of partner with the Swedish Viva Group. Parklane tremendously helped in the execution of the sales process and impressed with their always professional and goal-oriented work.
Christian Fricke - CEO Wine in Black
About Wine in Black
Wine in Black is a leading online store for premium wine with an ever-changing assortment of 300 wines at an average bottle price of $ 15. The company is active in Germany, France, the Netherlands, Austria and Switzerland. Wine in Black was founded in 2011 and funded by leading European venture capital investors, including Project A Ventures, Black River Ventures, e.ventures, Bright Capital, Passion Capital, btov, KFW, Keen Mind Ventures and the founders of kaufDA / Bonial International Group, Christian Gaiser and Tim Marbach.
About Viva E-commerce AB
The Viva Group (www.vivagroup.se) has become the largest importer of wine and spirits in Scandinavia over the past 20 years. Through its subsidiaries Chris Wine & Spirits, Giertz Vinimport, The Wine Team, Winemarket and Iconic Wines, the company has a market share of nearly 25% in Systembolaget, the Swedish retail monopoly. Internationally, the Viva Group has offices in Finland, Norway, China and the UK. The Viva Group is also represented in Germany through its lifestyle-oriented online shop Wine a Porter.