DGAP-News: AURELIUS Equity Opportunities SE & Co. KGaA
/ Key word(s): Disposal
Office Depot Europe to sell its Spanish direct business unit to strategic buyer Bruneau Spain
- Strategic buyer Bruneau Spain to integrate business and its approx. 24.000 customers into its existing platform
- Sale will focus Office Depot Europe on its core European markets and ecommerce-centric activities
Munich/Venlo, July 31, 2020 - Office Depot Europe, a portfolio company of AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8) has agreed to sell its Spanish direct business unit, which runs on the commercial brand Viking, to strategic buyer Bruneau Spain, a subsidiary of French Bruneau Group. Bruneau is a leading mail order company for office supplies headquartered in Villebon sur Yvette, France. Office Depot Europe will hereby completely exit the Spanish market following the successful sale of its Spanish contract business unit on July 23, 2020. Financial details have not been disclosed.
Bruneau will integrate the business into its existing platform and further develop it. The business has excellent sales capabilities and the buyer is ensuring continuity for its approximately 24.000 existing customers. Since Office Depot Spain was acquired in January 2017 commercial and technological ecommerce capabilities have been strategically developed as part of a digital transformation project.
The sale of the Spanish direct business unit is part of the ongoing transformation of Office Depot Europe. It will allow Office Depot Europe to focus on its core European markets and ecommerce-centric business. It is the fourth exit of an Office Depot business to complete in the past nine months. Office Depot Europe sold its Central Eastern European business in November 2019, its Nordic division in May 2020 and its Spanish contract business unit as of July 23, 2020.
AURELIUS Group is a pan-European investment group with offices in Munich, London, Stockholm, Madrid and Amsterdam. Since it was founded in 2006, AURELIUS has grown from a local turnaround investor to an international multi-asset manager.
AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8, ticker symbol: AR4) is the listed entity within AURELIUS Group and focuses on investing in mid-market corporate carve-outs and platform build-ups in a broad range of industries. With a team of approximately 100 in-house operations experts, AURELIUS actively supports its portfolio companies in their long-term development. AURELIUS Equity Opportunities currently has 22 portfolio companies located across Europe which employ around 15,000 people and generate annual revenues of approx. EUR 3.4 billion. The shares of AURELIUS Equity Opportunities are traded on all German stock exchanges.
AURELIUS Group also operates in the areas of growth capital, real estate opportunities and debt. AURELIUS Growth Capital invests in leveraged buyouts usually in succession or corporate spin-off situations. AURELIUS Real Estate Opportunities focuses on real estate investments, the value of which can be increased in the long-term by means of active management. AURELIUS Finance Company is an alternative direct lender, focused on providing flexible debt solutions to small and mid-market firms across Europe.
With its group charity AURELIUS Refugee Initiative e.V., AURELIUS provides comprehensive support for refugees on their way towards a better life.
To find out more, visit www.aureliusinvest.de.
31.07.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||AURELIUS Equity Opportunities SE & Co. KGaA|
|Phone:||+49 (0)89 544 799-0|
|Fax:||+49 (0)89 544 799-55|
|Listed:||Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Munich (m:access), Stuttgart, Tradegate Exchange|
|EQS News ID:||1106607|
|End of News||DGAP News Service|