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AURELIUS symptoms settlement to offer remaining Office environment Depot Europe small business to strategic customer RAJA Team

DGAP-Information: AURELIUS Equity Options SE & Co. KGaA / Critical word(s): Disposal
16.08.2021 / 10:00
The issuer is exclusively accountable for the written content of this announcement.

AURELIUS indicators agreement to provide remaining Workplace Depot Europe business to strategic consumer RAJA Group

Munich (Germany) / Paris (France), August 16, 2021 – AURELIUS Equity Opportunities (ISIN: DE000A0JK2A8) currently announces that just one of its subsidiaries has signed an arrangement to promote Workplace Depot Europe, which features the remaining Viking and Business office Depot Europe things to do to strategic buyer RAJA Group, (Roissy, France). RAJA Team is Europe’s major distributor of packaging, provides and gear for organizations, and a significant player in the business materials and furnishings sector. Possessing sold its activities in Southern, Japanese and Northern Europe more than the very last 3 several years, the sale of the remaining functions in North-Western Europe completes the disposal of Office Depot Europe. The transaction is issue to approval by the related competitiveness authorities and is expected to near in the fourth quarter of 2021. Money facts were not disclosed.

With its industrial manufacturers Viking and Business Depot, the company now disposed operates in numerous European markets together with DACH, Benelux, the United kingdom and Ireland and serves shoppers from tiny start off-ups to large scale companies. It has long standing knowledge and skills in the workplace supplies sector and offers an integrated, omni-channel system and focused pros across its principal segments and brand names.

Place of work Depot Europe was acquired by AURELIUS in 2017 as a carve-out from US-based mostly Office environment Depot, Inc. Given that then, AURELIUS produced extensive investments in the company’s e-commerce actions which resulted in a strategic realignment of Place of work Depot Europe focussing on Viking as a solid e-commerce player producing almost 90% of revenues on the net. In excess of the earlier 3 yrs, substantial areas of the business have been offered to strategic customers securing their sustainable long run and progress below new ownership. Todays disposal to RAJA Group completes this disposal method.

“It is excellent to total the exit of Business Depot Europe soon after profitable realignment and transformation. This transaction features RAJA Group as a very long-time period strategic purchaser fantastic possible and a base to further more accelerate and establish their business enterprise,” claims Fritz Seemann, Govt Director of AURELIUS Fairness Options.

“This acquisition signifies a great strategic chance to strengthen our position in Europe, in certain in individuals countries exactly where we are previously current with RAJA subsidiaries. It will additional extend the Group’s presence and give new impetus to our ambition in the office environment supplies market. This acquisition is properly aligned with our strategic eyesight of becoming a global partner of European providers from get started-ups to main multinationals, and will boost our partnership with globally recognized manufacturers,” claims Danièle Kapel-Marcovici, RAJA Group CEO.

Raffael Reinhold, CEO of Office environment Depot Europe: “We are delighted about this possibility with RAJA and we are hunting forward to be a element of the RAJA Group. The strategic realignment to our enterprise made us desirable for this strategic consumer and supplies a great position to additional travel our enterprise collectively. We would like to thank AURELIUS for the fantastic and prosperous cooperation and guidance through this fundamental transformation more than the past years.”

AURELIUS has been suggested by PwC (M&A), Deloitte (Fiscal Due Diligence) and Jones Day (Authorized).
 

ABOUT AURELIUS
AURELIUS Group is a pan-European financial investment group with offices in Munich, London, Stockholm, Madrid, Amsterdam and Luxembourg. Due to the fact its foundation in 2006, AURELIUS has grown from a area turnaround investor to an intercontinental multi-asset manager. Crucial financial investment platforms are its AURELIUS European Chances IV fund as properly as mentioned AURELIUS Fairness Alternatives SE & Co. KGaA (“AEO” ISIN: DE000A0JK2A8), which receive corporate carve-outs and companies with improvement possible in the mid-market (fund) and reduced mid-current market sector (AEO). The investment decision strategy’s main ingredient is operational assist of its portfolio companies with a crew of about 100 in-household working taskforce experts.
AURELIUS Group also operates in the regions of progress capital, real estate chances and credit card debt. AURELIUS Advancement Investments invests in leveraged buyouts generally in succession situations. AURELIUS Authentic Estate Chances focuses on true estate investments, the price of which can be elevated in the prolonged-phrase by usually means of active administration. AURELIUS Finance Business is an different immediate loan provider, focused on providing adaptable personal debt methods to tiny and mid-market firms across Europe.
With its group charity AURELIUS Refugee Initiative e.V., AURELIUS gives thorough help for refugees on their way in the direction of a much better life.

To uncover out a lot more, pay a visit to www.aurelius-group.com.

About Office environment Depot Europe
Business Depot Europe helps generate excellent workspaces for everybody, everywhere as a leading pro in office answers.
We work in several nations around the world and get the job done carefully with some of the world’s most significant makes to the smallest commence-ups, and anything in among. We have many years of knowledge and knowledge and present an integrated, omni-channel system and focused specialists across our primary channels and brands: Business Depot and Viking.
We do the job really hard so our clients can emphasis on growing their businesses when remaining more productive, effective, sustainable and charge-successful. We present them with abilities in place of work provides, technological innovation, creating & machines, facilities, home furnishings & presentation, paper, labels & envelopes, filing & methods and normal office environment supplies & mailing. Crucially we get the job done as a reliable husband or wife with our clients to increase price to their small business, frequently as a one resource for every thing our consumers require.
Office Depot Europe is a trademark of AURELIUS Team, a pan-European financial investment team. For extra data, you should go to www.officedepot.eu.

About RAJA Team
RAJA Team is the European chief in the multi-channel distribution of materials and tools for organizations. With 24 corporations functioning in 18 countries, RAJA delivers the major selection of packaging provides in Europe as perfectly as a total variety of handling, storage and industrial products, workplace provides and furnishings, janitorial and sanitary provides, basic safety and security solutions, as very well as retail products. The Group companies serve 1 million consumers, from tiny start-ups to massive multinationals, throughout all sectors of activity: distribution, sector, e-commerce, providers, and general public sector. A French, impartial and family-owned organization launched in 1954, RAJA prides itself on the high high-quality of its solutions, the experience and proximity defining its services, and on the relationship of rely on with its shoppers. Headquartered in Roissy in the vicinity of Paris, France, RAJA Group employs 3,000 men and women, and aims to realize a turnover of 1 billion 120 million euros in 2021.

Contact
AURELIUS Group
Anke Banaschewski
Trader Relations & Corporate Communications
Mobile phone: +49 (89) 544799 –
Fax: +49 (89) 544799 – 55
E-Mail: [email protected]

 

16.08.2021 Dissemination of a Corporate Information, transmitted by DGAP – a support of EQS Group AG.
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