Eterus Capital has acquired a minority stake in MTBIKER Group
Eterus Capital, a.s. has acquired a minority stake in MTBIKER Group.
Founded in 2008, Eterus Capital is an investor targeting small and medium-sized companies with growth potential, which have successfully proved their business concept. The fund only invests in minority positions while management control always remains in the hands of the original shareholders.
MTBIKER Group operates the biggest cycling portal and e-shop in Slovakia. Around 400,000 people visit the site monthly, of which 200,000 also visit the shop. MTBIKER began its journey on the internet in 1998 and now they are verified by thousands of satisfied customers and over 200,000 registered bikers. In 2022, the company launched a sister portal MTHIKER, which is supposed to be the destination for a community for outdoor lovers and adventurers, as MTBIKER is for cyclists today.
Oaklins’ team in Slovakia acted as the exclusive buy-side advisor in this transaction. The process was very competitive, with other PE players submitting their bids throughout the transaction process.
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