Frankfurt, 21 September 2017. The Meet Group (NASDAQ: MEET, hereinafter referred to as “TMG”), based in New Hope, Pennsylvania, USA, acquires 100% of LOVOO GmbH (hereinafter referred to as “LOVOO”) for a total consideration of USD 70 million, inclusive of a USD 5 million contingent earn-out. The transaction is expected to close in October 2017.Continue Reading
London, 24 August 2017. ACXIT’s partner FirstCapital advised Eduspot on the sale to community brands, a US education software provider backed by Insight Venture Partners. Uniting the two leading providers of back office software for schools to offer a proven suite of best of breed solutions to schools in the US, UK and Europe.
Frankfurt, 22 June 2016. Tokyo-based Minkabu, via its German subsidiary sharewise GmbH (together “Minkabu Group”), secures the right to acquire a majority stake in stock market listed wallstreet:online AG.Continue Reading
Frankfurt, 25 May 2016. United Online, Inc. (NASDAQ: UNTD) (“United Online” or “the Company”), a leading provider of consumer services and products over the Internet, announced on May 24, 2016 that it has completed the sale of the stock of its wholly-owned subsidiaries comprising the StayFriends’ business, the Company’s European websites for social networking services, to Ströer SE & Co. KGaA (DE: SAX) (“Ströer”), a leading provider of out-of-home and online advertising services based in Germany, for a total cash consideration of 16.0 million euros. The parties received German antitrust regulatory approval for the StayFriends transaction on May 13, 2016.Continue Reading
Frankfurt, 04 March 2016. ACXIT Capital Partners sets up new real estate advisory practice. Leading sector specialist First Capital Partners joins ACXIT Group.
Frankfurt, 03 February 2016. IBM (NYSE: IBM) today announced it has signed a definitive agreement to acquire Aperto – a digital agency with headquarters in Berlin. Upon completion of this transaction, Aperto will to join the IBM Interactive Experience (IBM iX) team, supporting IBM’s growth in the largest economy in Europe.Continue Reading
ACXIT Capital Partners is expanding its Distressed M&A business with Frank Bruder as new Managing Director
Frankfurt, 01 February 2016. ACXIT Capital Partners, a leading international corporate finance and investment advisory firm for mid-market clients and entrepreneurs in Europe, is further expanding and strengthening its business segment Recovery with Frank Bruder as distinguished expert for distressed M&A. Bruder leaves his position as head of distressed M&A at Commerzbank AG and will promote ACXIT’s restructuring and distressed M&A business as Managing Director at Frankfurt office.Continue Reading
ACXIT Capital Partners acted as exclusive financial advisor to Busch-Holding GmbH in its purchase of 27.19 percent of voting rights in Pfeiffer Vacuum Technology AG
Frankfurt, 23 December 2015. Busch-Holding GmbH has announced the acquisition of a 15 percent stake on September 28th and a subsequent increase of 12.19 percent on October 15th in TecDAX-listed Pfeiffer Vacuum Technology AG via its investment company Pangea GmbH.Continue Reading
London, 18 December 2015. ACXIT’s partner FirstCapital advised NetDespatch on the sale to Royal Mail, the UK’s leading postal service delivery company, established in 1516. Combining the UK’s pre-eminent delivery company with an innovative SaaS platform to provide advanced cloud-based ecommerce and parcel delivery solutions to a global customer base.
Frankfurt, 11 December 2015. Apollo Education Group, Inc. (“Apollo Education Group”) announced its wholly-owned subsidiary Apollo Global, Inc. (“Apollo Global”) has acquired Career Partner GmbH (CPG) from AUCTUS Capital Partners (“AUCTUS”). CPG is a leading full service provider of private higher education in Germany. Apollo Global is a strategic investor with a high level of expertise in the global education market. Together with Apollo, CPG continues to pursue the digitization of the education sector. The transaction values CPG at approx. USD 117 million including a contingent cash payment of up to USD 12 million.Continue Reading