Go to deals
TMT

Picture Press has been acquired by dapd Group

The dapd Group has acquired the renowned picture agency Picture Press from Gruner + Jahr AG & Co. KG for an undisclosed consideration.

Picture Press offers rights-managed and royalty-free images and illustrations for professional image researchers in editorial departments, advertising and design agencies. The increasing amount of digital pictorial material worldwide resulted in a continuous deterioration of turnover. This joint venture will increase sales and will broaden its activities.

The dapd Group covers all aspects of the news world with a regional and international correspondence network as well as text, picture and graphic online and mobile services.

The Gruner + Jahr printing and publishing company is Europe’s largest magazine publisher and generates higher turnover than any other German publishing house. Besides this transaction, Gruner + Jahr and dapd Group have agreed to an exclusive marketing cooperation in the syndication business on the German market.

Oaklins' team in Germany advised the seller in this transaction.

Service
M&A sell-side
Parties

Talk to the deal team

Dr. Hans  Bethge

Dr. Hans Bethge

Senior Advisor

Hamburg, Germany
Oaklins Germany

Related deals

Purpose has been acquired by Capgemini
TMT

Purpose has been acquired by Capgemini

Purpose, one of the world’s leading social impact agencies and a hub for campaign innovation, headquartered in New York with outlets across the globe, has been acquired by Capgemini SE.

Learn more
AVA Monitoring AB has been acquired by Indutrade AB
Industrial Machinery & Components | TMT

AVA Monitoring AB has been acquired by Indutrade AB

AVA Monitoring AB has been sold to Indutrade AB.

Learn more
Greenedge Cloud GEC Austria has been advised on its structuring and has raised funds
TMT

Greenedge Cloud GEC Austria has been advised on its structuring and has raised funds

Greenedge Cloud GEC Austria GmbH has completed a fundraising.

Learn more