Gilde Buy Out Partners and Management acquire Caseking Group
Berlin – Funds advised by Gilde Buy Out Partners ("Gilde") today announced the acquisition of Caseking Group ("Caseking" or the "Company"), together with the Founders and management. The terms of the agreement have not been disclosed.
Caseking, a leading supplier of high-performance PC-gaming equipment and peripherals, maintains a track record of strong organic growth, excellent market understanding and successful product placement supporting the future growth of the Company. Caseking has displayed consistent growth, both organically as well as through add-on acquisitions, becoming a leading platform for PC-gaming equipment in Europe. Operations are based in Germany, Great Britain, Sweden, Finland, Hungary, Portugal and Taiwan. The Company processes 540.000 orders and sells approximately 4 million products worldwide per year. Products sold include own brands, brands exclusively available at Caseking and third-party brands.
Commenting on the sale, Toni Sonn, CEO of Caseking says: "I am thankful to all employees at Caseking for their contribution and support in putting the Company on a path of sustained growth. We have experienced exciting years with strong organic growth and the expansion of Caseking to other regions outside Germany. The sale of Caseking to Gilde will allow us to further strengthen the strong position of Caseking in the PC-gaming industry and we are looking forward to work with Gilde as an experienced partner for companies with a strong growth and expansion focus."
Matthias Wilcken, Partner at Gilde: "We are impressed with Caseking's track record of consistent growth and the ability to understand the needs of performance PC-gamers. The Company has built a leading position in Europe focusing on the most demanding clients in the categories of PC equipment and peripherals. Caseking is in an excellent position to further build on this solid foundation and to become the most respected brand within the PC-gaming community. We are excited to support Caseking in this next phase of development."
For further information please contact:
• Maikel Wieland, Investor Relations Gilde Buy Out Partners – email@example.com
Caseking is a leading European distributor of exclusive top brands and a renowned online-retailer for unique and extravagant computer hardware and accessories, founded in 2003 and continuously growing. Headquartered in Berlin, Caseking's base of operation is a vast modern logistics center of 10.000m² storage area in the Charlottenburg district. Caseking operates subsidiaries in Great Britain, Hungary, Portugal, Sweden and Finland and employs approximately 400 FTEs.
For more information visit www.caseking.de
About Gilde Buy Out Partners
Gilde Buy Out Partners is a leading European private equity investor with offices in Zurich, Frankfurt, Utrecht and Brussels. With EUR 1.1 billion, Gilde Buy-Out Fund V, the most recent fund, is among the largest dedicated mid-market buy-out investment funds in Europe.
Gilde controls majority shareholdings in Elcee Group, Veco Precision, Esdec, ZND, Albelli, Oystershell Laboratories, Losberger De Boer, Amor, T-groep, Royal Reesink, Comcave, Riri, TMC, Royal Ten Cate, Enkco, Eismann, Teleplan and Powerlines.
For more information visit www.gilde.com