02.03.2017
AURELIUS Equity Opportunities SE & Co. KGaA DE000A0JK2A8
DGAP-News: AURELIUS acquires Wex Photographic
DGAP-News: AURELIUS Equity Opportunities SE & Co. KGaA / Key word(s):
Takeover
AURELIUS acquires Wex Photographic
02.03.2017 / 07:30
The issuer is solely responsible for the content of this announcement.
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AURELIUS acquires Wex Photographic
- Online retailer with half a million customers across the UK
- Integration with Calumet Photographic to offer significant synergies
and create leading multi-channel, pan-European photographic retailer
- Combination of Wex Photographic with Calumet Photographic brings
AURELIUS' pan-European photographic retail businesses to combined
revenues of EUR 175 million
Munich/London, March 2, 2017 - AURELIUS Equity Opportunities SE & Co. KGaA
(ISIN DE000A0JK2A8) ("AURELIUS") today announces the acquisition of leading
photographic retailer Wex Photographic ("Wex") from Barclays, for an
undisclosed sum. Following the deal, Wex will be merged with Calumet
Photographic ("Calumet"), a multi-channel photographic retailer acquired by
AURELIUS in June 2016, to create a leading omni-channel offering servicing
the enthusiast and professional photographer market across the UK and
Europe with combined revenues of over EUR 175 million.
Servicing half a million customers across the UK, Wex is the country's
largest online specialist photographic retailer, with an annual turnover of
EUR 84 million. The integration with Calumet will offer significant
strategic benefits to both companies with scope to couple Wex's award
winning, online expertise with Calumet's pan-European in-store experience.
Once combined, these factors will create a strong multi-channel business
that will serve both the UK and the wider European market, supported by the
firms' complementary management teams and organisational infrastructure.
AURELIUS Vice President Eric Blumenthal, said: "We are extremely pleased to
announce this acquisition of Wex, a high-caliber business and AURELIUS'
second investment in the specialist photographic retail sector, following
that of Calumet last year. This highly synergistic acquisition demonstrates
AURELIUS' commitment to supporting and scaling our initial investment in
Calumet, and also testifies to our continued interest and dedication to
investing in UK businesses, post-Brexit."
David Garratt, CEO Wex Photographic said: "The Wex team is very excited to
be working alongside both AURELIUS and the Calumet team to develop and
expand our existing strategy for the business. The combined business will
be able to offer customers a genuine multi-channel experience and, by
leveraging Calumet's in-store expertise, significantly expand our leading
online offering to a wider customer base in the UK."
Christof Bergmann, Managing Director of Calumet Photographic, commented:
"This further investment in the photography retail market by AURELIUS
represents its continued commitment to the development of Calumet
Photographic since its acquisition in June of last year. Wex's leading
positioning in the UK market, as well as its award winning online business,
will substantially reinforce our Pan-European offering."
ABOUT AURELIUS
AURELIUS Group is a pan-European asset manager with offices in Munich,
London, Stockholm and Madrid. Over the last ten years AURELIUS has grown
from a local turnaround investor to an international multi-asset manager
investing in a wide range of sectors and across the capital structure.
AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8, Ticker
Symbol: AR4) represents the listed entity within the AURELIUS Group that
focusses on investing in Special Situations and MidMarket transaction
opportunities. AURELIUS Equity Opportunities currently has 23 portfolio
companies located across Europe which employ around 25,000 people and
generate annual revenues of more than EUR 4.0 billion. The shares of
AURELIUS Equity Opportunities are traded on all German stock exchanges with
a market capitalisation of c. EUR 2 billion as of February 2017.
With its group charity AURELIUS Refugee Initiative, AURELIUS provides
comprehensive support for refugees on their way towards a better life.
To find out more, visit www.aureliusinvest.com
CONTACT
AURELIUS Group
Anke Banaschewski
Investor Relations & Corporate Communications
Phone: +49 (89) 544799-0
Fax: +49 (89) 544799-55
E-Mail: [email protected]
About Calumet International Ltd.
Calumet International Ltd. represents over 70 years of experience in
photography. Calumet is a leading multi-channel retailer of both branded
and own-label digital and analogue photographic and video equipment with 17
locations across Europe, including six in Germany and eight in the UK.
Calumet is the best starting point for those who want to produce perfect
images, whether for business or pleasure. It offers an expansive range of
photography products and services, informed advice, and personalised
customer service, both online and in store, to photography enthusiasts,
professionals, and companies alike. Calumet's broad assortment of cameras,
lenses, bags, tripods etc. is complemented by its extensive selection of
lighting equipment and post-processing products, such as monitors,
printers, and software. In addition, Calumet provides its customers with
in-store testing and expert advice, rental options, workshops, sensor
cleaning, and numerous other services that distinguish it as a unique all-
service photography retailer.
Calumet's staff shares its customers' passion for photography. Colleagues
use their comprehensive knowledge of the subject to deliver an enjoyable
purchasing experience and help customers produce images the way they want.
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02.03.2017 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: AURELIUS Equity Opportunities SE & Co. KGaA
Ludwig-Ganghofer-Straße 6
82031 Grünwald
Germany
Phone: +49 (0)89 544 799-0
Fax: +49 (0)89 544 799-55
E-mail: [email protected]
Internet: www.aureliusinvest.de
ISIN: DE000A0JK2A8
WKN: A0JK2A
Listed: Regulated Unofficial Market in Berlin, Munich, Stuttgart,
Tradegate Exchange; Open Market in Frankfurt
End of News DGAP News Service
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