Munich (Germany) / Paris (France), August 16, 2021 – AURELIUS Fairness Opportunities (ISIN: DE000A0JK2A8) right now announces that a person of its subsidiaries has signed an agreement to provide Office Depot Europe, which consists of the remaining Viking and Business office Depot Europe routines to strategic customer RAJA Group, (Roissy, France). RAJA Team is Europe’s major distributor of packaging, materials and machines for companies, and a key participant in the place of work provides and household furniture marketplace. Owning offered its routines in Southern, Jap and Northern Europe in excess of the previous a few years, the sale of the remaining things to do in North-Western Europe completes the disposal of Place of work Depot Europe. The transaction is subject to acceptance by the suitable levels of competition authorities and is expected to shut in the fourth quarter of 2021. Financial facts have been not disclosed.
With its business models Viking and Office environment Depot, the company now disposed operates in quite a few European markets such as DACH, Benelux, the United kingdom and Eire and serves shoppers from small begin-ups to big scale businesses. It has prolonged standing encounter and knowledge in the workplace supplies sector and delivers an integrated, omni-channel platform and focused gurus throughout its key segments and manufacturers.
Business office Depot Europe was obtained by AURELIUS in 2017 as a carve-out from US-based mostly Workplace Depot, Inc. Because then, AURELIUS designed intensive investments in the firm’s e-commerce activities which resulted in a strategic realignment of Business office Depot Europe focussing on Viking as a strong e-commerce participant making pretty much 90% of revenues online. In excess of the earlier 3 a long time, significant areas of the organization have been offered to strategic potential buyers securing their sustainable long term and growth beneath new possession. Todays disposal to RAJA Group completes this disposal course of action.
‘It is excellent to finish the exit of Office environment Depot Europe immediately after profitable realignment and transformation. This transaction delivers RAJA Team as a extensive-term strategic consumer fantastic likely and a base to even further speed up and establish their organization,’ says Fritz Seemann, Executive Director of AURELIUS Fairness Alternatives.
‘This acquisition signifies a tremendous strategic prospect to fortify our situation in Europe, in distinct in all those international locations the place we are now existing with RAJA subsidiaries. It will even more increase the Group’s existence and give new impetus to our ambition in the business office supplies market. This acquisition is perfectly aligned with our strategic eyesight of getting a world associate of European businesses from start off-ups to key multinationals, and will enhance our partnership with globally acknowledged makes,’ says Danièle Kapel-Marcovici, RAJA Group CEO.
Raffael Reinhold, CEO of Workplace Depot Europe: ‘We are delighted about this option with RAJA and we are on the lookout forward to be a section of the RAJA Group. The strategic realignment to our enterprise designed us attractive for this strategic purchaser and presents a good placement to further more drive our enterprise collectively. We would like to thank AURELIUS for the fantastic and thriving cooperation and assist all through this elementary transformation around the earlier a long time.’
AURELIUS has been recommended by PwC (M&A), Deloitte (Money Because of Diligence) and Jones Day (Authorized).