ProSiebenSat.1 acquires minority stake in fineartmultiple
Frankfurt, 22 September 2015. Swiss-based company builder, Koidl & Cie. Holding AG, announced the sale of a minority stake and a Series A funding round in its subsidiary, fineartmultiple AG, to ProSiebenSat.1 Media SE, Munich, for an undisclosed amount in cash and media for equity.
fineartmultiple is an international online art brokerage platform offering authentic and certified artist originals of world-class contemporary artists. The platform was launched in September 2015 with over 1,000 works by modern masters. Koidl & Cie. is a company builder based in Lucerne, Switzerland, run by entrepreneur Roman Maria Koidl, founder of Kunsthalle Koidl, Berlin.
ACXIT Capital Partners acted as exclusive financial adviser to fineartmultiple AG.
About fineartmultiple
fineartmultiple is the premier online resource for discovering, collecting and learning about artists’ editions and multiples. The fineartmultiple team fosters and contextualizes the conversation surrounding serially produced works of art, whilst providing access to its global network of leading dealers, galleries, producers and publishers. The curated platform merges marketplace and magazine, providing a space for collectors to buy and sell their works amongst fresh and diverse content that is produced in collaboration with influential collectors, curators, critics and enthusiasts. Members can browse the online editorial pages or subscribe to receive artist highlights, market news, event spotlights, interviews and collector’s tips.
Only the most renowned artists and producers of editions and multiples worldwide are represented: legendary figures, market leaders and new practitioners who strongly advocate for a new way of thinking and a more democratic approach to the production and distribution of art. Together, they firmly establish multiples and editions in the digital era. (www.fineartmultiple.com)
About ProSiebenSat.1 SE
ProSiebenSat.1 Group is one of the largest independent media corporations in Europe. The Company is the market leader in its core business of advertising-financed free TV, and is successfully adding digital entertainment offerings to its value chain. In recent years, the ProSiebenSat.1 has also built up an attractive e-commerce and ventures portfolio that is now one of its most important growth drivers. In addition, the Group has a presence in seven countries with an international program production and sales network. Thus, ProSiebenSat.1 has a broad and solid revenue and profit base. (www.prosiebensat1.com)
About ACXIT
ACXIT Capital Partners is a leading independent corporate finance and investment advisory firm for mid-market clients and entrepreneurs in Europe and beyond. Since 1998, ACXIT offers its clients comprehensive corporate finance advisory services including M&A and capital markets advisory as well as restructuring, equity/debt and strategic advisory. As an independent, privately owned firm we maintain offices and representations in Frankfurt, Berlin, Munich, Leipzig, Zurich, Hong Kong and New York, as well as strong alliances in France, China and India. (www.acxit.com)
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