Hofmann acquires majority stake in posterjack
Frankfurt, 11 March 2013. Following its strategy to consolidate the European market, Hofmann S.L., one of the leading European companies in the print-on-demand market for end-consumers, has acquired a majority stake in posterjack GmbH. Florian Stadler and Johannes Busch, founders and managing directors of posterjack, will continue to manage the company and will remain shareholders with a relevant stake.
Founded in 2005 and based in Munich / Germany, posterjack is one of the leading companies in Central Europe active in the personalized printing wall decor market with products such as posters, canvas and gallery prints. With special focus on Germany, Austria and Switzerland, posterjack has steadily grown at a double digit rate to reach revenues of approx. 10 million Euros in 2012.
The combination of Hofmann and posterjack will lift significant operating and business synergies, especially by broadening posterjack’s product portfolio with Hofmann’s products, e.g. photo books and calendars. Moreover, Hofmann will support the internationalization strategy of posterjack in countries such as France, Benelux, United Kingdom, Poland and Canada.
With the acquisition of posterjack, Hofmann has accelerated its growth strategy in the European market after becoming the undisputed leader in Spain and Portugal in recent years. To foster future growth, the Hofmann-posterjack Group will continue to actively analyze further potential acquisitions.
Corporate Finance Partners – now ACXIT Capital Partners – acted as exclusive M&A adviser to the shareholders of posterjack in this transaction.
Hofmann, with annual sales of ca. 40 million Euros, is the undisputable leader of the Spanish and Portuguese print-on-demand market. With a broad product portfolio, it offers e.g. photo books, calendars and other wall decor products. The Company is based in Paterna (Valencia, Spain) and has approx. 120 employees. (www.hofmann.es)
posterjack is one of the leading and fastest growing companies in the personalized printing wall decor market (such as posters, canvas and gallery prints) in Central Europe. Founded in 2005 and based in Munich (Germany), the company’s operations are focused on Germany, Austria and Switzerland. The company has entered into the North-American market via a subsidiary in Canada. (www.posterjack.com)
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)
ACXIT Capital Holding GmbH
Bockenheimer Landstraße 24
60323 Frankfurt am Main
Dr. Hartmut Vennen
Senior Managing Director, Strategic Communications
Park Tower | Bockenheimer Anlage 44
60322 Frankfurt am Main
Phone: +49 69 92037 137
Mobile: +49 160 895 5858