accessily

October 21, 2021

Vibe Wiki

Too Orangey For Business

AURELIUS subsidiary Workplace Depot Europe sells its Uk and Ireland deal business to strategic customer OT Group

DGAP-Information: AURELIUS Equity Options SE & Co. KGaA / Vital word(s): Disposal
22.06.2021 / 14:31
The issuer is exclusively liable for the content of this announcement.

AURELIUS subsidiary Workplace Depot Europe sells its Uk and Ireland deal company to strategic buyer OT Group

The acquired customers in the Uk and Ireland will be integrated into OT Group

– Fifth sale of an Workplace Depot Europe enterprise in the past 20 months

– Sale will aim Office Depot Europe on its core European markets and e-commerce-centric activities

– Completion of the sale is predicted in the in the vicinity of long run

Munich/Venlo, June 22, 2021 – Business Depot Europe, a portfolio firm of AURELIUS Fairness Alternatives SE & Co. KGaA (ISIN: DE000A0JK2A8) has agreed to sell its more substantial mid-current market, key and general public sector agreement consumers in the British isles and Ireland to strategic consumer OT Team. OT Team headquartered in Smethwick, Uk, is a major service provider of business enterprise companies and workplace methods throughout the Uk and Ireland and portion of Paragon Group. Completion of the sale is anticipated in the near future.

As component of the transaction, OT Group will get on Business office Depot Europe’s distribution centre in Ashton-less than-Lyne, Manchester and the headquarters of Critical Communications, Office Depot’s print, advertising & communications company in Dartford, Kent. The deal extends OT Group’s capability to serve its clients by the addition of Workplace Depots Europe’s point out-of-the-art warehousing amenities and new essential verticals. OT Team will also enter into a collaboration settlement with Office environment Depot Europe, servicing the international customers that will be transferred as portion of the offer.

This sale is the fifth non-main Office environment Depot Europe company offered within the earlier 20 months. Office environment Depot Europe bought its Central Eastern European (“CEE”) company in November 2019, its Nordic division in May well 2020, its Spanish contract business and direct business units in the summer time of 2020 and its Italian business in February 2021.

The transaction is element of Workplace Depot Europe’s ongoing transformation, adhering to Office Depot Europe’s general approach of focusing on its e-commerce-centric trading brand name Viking in its main European nations of DACH, Benelux, British isles and Eire, where it added benefits from a potent and foremost posture. Focusing on the development of its on the net concentrated organization and on its transformation programme will ensure Business office Depot Europe’s prolonged-expression situation as a primary provider of workplace solutions in the sector.

“We seem ahead to welcoming our new customers and colleagues to the OT Team, the moment the tupe system has concluded. Workplace Depot Europe will insert a prosperity of working experience and know-how to our prolonged variety of workplace remedies and company companies. This acquisition aligns with our bold development strategy, as well as our ideas to extend functions in the course of Europe. The desires of our customers is our important priority. We would like to reassure all present-day OT Group and new Business Depot Europe clients that we are planning a seamless transition through the integration period”, reported Andrew Jones, CEO of OT Team.

Raffael Reinhold, CEO of Office environment Depot Europe: “We are pleased to have entered into this agreement with OT Group. This transaction will additional speed up our strategic transformation whilst guaranteeing continuity of assistance for our British isles and Ireland contract consumers centered on bespoke options, and a brilliant long term with OT Group for our colleagues.”

ABOUT AURELIUS

AURELIUS Group is a pan-European expenditure team with workplaces in Munich, London, Stockholm, Madrid, Amsterdam and Luxembourg. Considering that its foundation in 2006, AURELIUS has developed from a community turnaround investor to an intercontinental multi-asset supervisor.

Essential financial investment platforms are its AURELIUS European Chances IV fund as effectively as detailed AURELIUS Equity Possibilities SE & Co. KGaA (“AEO” ISIN: DE000A0JK2A8), which acquire company carve-outs and companies with improvement likely in the mid-market (fund) and decreased mid-current market sector (AEO). The investment decision strategy’s main aspect is operational help of its portfolio providers with a team of about 100 in-home operating taskforce specialists.

AURELIUS Group also operates in the areas of expansion capital, authentic estate alternatives and credit card debt. AURELIUS Growth Investments invests in leveraged buyouts usually in succession cases. AURELIUS Authentic Estate Alternatives focuses on authentic estate investments, the value of which can be enhanced in the long-phrase by indicates of lively administration. AURELIUS Finance Firm is an option direct lender, focused on furnishing flexible debt methods to little and mid-market firms across Europe.

With its team charity AURELIUS Refugee Initiative e.V., AURELIUS provides complete support for refugees on their way to a far better existence.

To obtain out more, go to www.aurelius-team.com.

About Workplace Depot Europe

Workplace Depot Europe allows produce good workspaces for all people, in all places as a major expert in office solutions.

They work in many nations and perform carefully with some of the world’s major manufacturers to the smallest start off-ups, and all the things in in between. With a long time of experience and abilities, they give an built-in, multi-channel platform and committed industry experts across their key channels and brand names: Workplace Depot and Viking.

Business office Depot Europe will work challenging so their shoppers can target on escalating their enterprises while being more effective, effective, sustainable and cost-efficient. Workplace Depot Europe and Viking offer them with know-how in office materials, engineering, writing & devices, amenities, furnishings & presentation, paper, labels & envelopes, submitting & remedies and normal office environment supplies & mailing. Crucially they get the job done as a dependable lover with their clients to increase benefit to their small business, frequently as a solitary resource for almost everything their buyers require.

Office Depot Europe is a trademark of AURELIUS Group, a pan-European expense team. For more info, you should visit www.officedepot.eu.

About OT Team

OT Group (www.otgroupltd.co.united kingdom) is a top company of company expert services and place of work options – direct to end end users and by way of the wholesale channel. Our makes have been trusted provide chain associates for companies across the United kingdom & Ireland, significant and modest, for in excess of 130 yrs. By means of a consolidated selection of business methods, we help organizations command prices, travel effectiveness and improve productivity. With more than 100,000 items, together with the 5 star(TM) merchandise model, we supply 1 of the UK’s most comprehensive portfolio of goods.

About Paragon Team

Paragon Group (www.paragon-europe.com) is a foremost company of Purchaser Communications, Identification, Graphics Services and Office Solutions. Paragon Group blend generations of knowledge with the latest improvements in know-how and clever knowledge to empower responsive and significant interactions involving organisations and their clients.

Get in touch with

AURELIUS Group
Anke Banaschewski
Investor Relations & Corporate Communications
Cellphone: +49 (89) 544799 –
Fax: +49 (89) 544799 – 55
E-mail: [email protected]

Get hold of:
AURELIUS Group
Anke Banaschewski
Investor Relations & Corporate Communications
Cell phone: +49 (89) 544799-
Fax: +49 (89) 544799-55
E-Mail: [email protected]

22.06.2021 Dissemination of a Corporate Information, transmitted by DGAP – a assistance of EQS Group AG.
The issuer is only liable for the content material of this announcement.

The DGAP Distribution Providers involve Regulatory Bulletins, Monetary/Corporate Information and Press Releases.
Archive at www.dgap.de