e-tec electronic GmbH has sold a 55% stake to Invest AG & Raiffeisen KMU
The shareholders of e-tec electronic GmbH have sold a 55% equity stake to Invest AG and Raiffeisen KMU Beteiligungs AG.
Founded in 1997, e-tec electronic GmbH is an Austrian retailer of electrical equipment, including computer and EDP, TV, mobile phones and software. The whole product portfolio includes more than 5,000 products. The company owns 18 physical stores (15 are under the brand e-tec and three under DiTech) in various locations in Austria and one of the most popular online shops for electronic devices. The company generated revenues of US$74 million in 2016–2017 with a stable profitability and a sound capital structure (equity ratio >50%).
Invest AG is the investment arm of the Raiffeisen bank group of Upper Austria and is one of Austria’s leading private equity funds, managing a volume of nearly US$205 million. Since its founding in 1994, Invest AG has invested equity and mezzanine capital in more than 140 companies in a wide range of sectors. Currently, 26 companies in Austria and the south of Germany rely on Invest AG’s expertise and benefit from its support in operational, commercial and strategic matters.
Raiffeisen KMU Beteiligungs AG is a fund of Raiffeisenlandesbank Oberösterreich AG and supports small and medium-sized companies in Upper Austria with generational changes (succession within the family, management buy-out or buy-in) as well as expansion or acquisition financing with equity capital and mezzanine financing. Since its founding in 2007, over 35 Upper Austrian entrepreneurs have trusted Raiffeisen KMU Beteiligungs AG as an investment partner. Whilst the operational management of the company remains in the hands of the owners, the companies benefit from a professional partnership, know-how and professional expertise, especially in commercial, financial and strategic matters.
Oaklins' team in Austria acted as the exclusive sell-side advisor to e-tec electronic GmbH, one of the leading online shops for IT products in Austria. In 2001, the company was awarded the E-Commerce Quality Seal as a pioneer in its business area. In the course of a structured sale process, the investors Invest AG and Raiffeisen KMU Beteiligungs AG were identified.
Talk to the deal team
Managing PartnerVienna, Austria
LeadDesk Oyj has acquired Loxysoft
LeadDesk Oyj has acquired the Swedish Loxysoft AB and the Norwegian Loxysoft AS from FutureMind AB, Great Lake Capital AB, and the investment funds Almi Invest AB and MIC Invest AB.Learn more
Oaklins supports project management SaaS platform Rodeo Software in raising growth capital
Leading project management SaaS platform Rodeo Software has raised €7.5 million to accelerate global roll-out.Learn more
Baltcap-backed Coffee Address has acquired Latvian vending machine operator Kafe Serviss
Coffee Address Holding, the largest vending machine and coffee service company in the Baltics, currently owned by the private equity and venture capital firm Baltcap, has acquired a local Latvian coffee service company Kafe Serviss. The transaction will further strengthen the position of Coffee Address, improving both the product and service offering to its customers across the country.Learn more