02.01.2017
AURELIUS Equity Opportunities SE & Co. KGaA DE000A0JK2A8
DGAP-News: AURELIUS completes its acquisition of Office Depot Europe
DGAP-News: AURELIUS Equity Opportunities SE & Co. KGaA / Key word(s):
Takeover
AURELIUS completes its acquisition of Office Depot Europe
02.01.2017 / 07:30
The issuer is solely responsible for the content of this announcement.
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AURELIUS completes its acquisition of Office Depot Europe
- Office Depot Europe boasts strong brands and Europe-wide set-up.
- Brisk transaction activity in 2016: Annualized consolidated revenues
rise to approx. EUR 4.5 billion.
Munich / London, January 2, 2017 - AURELIUS Equity Opportunities SE & Co.
KGaA (ISIN: DE000A0JK2A8) has completed its acquisition of the European
operations of the U.S. company Office Depot, Inc. The approximately 6,000
employees working in the acquired operations booked revenues of around EUR
2 billion. This makes the acquisition the biggest to date in the history of
AURELIUS in terms of revenues. The seller is Florida-based Office Depot,
Inc., a vendor of office supplies and services. The parties have agreed not
to disclose the purchase price. Thus, the AURELIUS Group now has 23
consolidated subsidiaries generating annualized consolidated revenues of
around EUR 4.5 billion.
Office Depot Europe with strong brands and Europe-wide setup
Boasting a strong brand name and a loyal customer base, Office Depot Europe
operates in 14 European countries across three main activities and brands:
"Viking," Contract, and Retail. Under the prestigious "Viking" brand, the
company is a leading vendor in six product areas: office supplies, printing
and document services, paper, computers and printers, business services
like facility management, and office furniture, with direct sales to over
1.2 million small and mid-sized firms in ten European countries via the
online channel, mail order, and call centers. The main markets for "Viking"
are the region covering Germany, Austria, and Switzerland, plus the UK. The
Contract segment, which boasts an attractive and loyal customer base
together with a stable distribution network, maintains contracts to supply
over 100,000 large business customers and corporations in the main markets
in the UK, Benelux/France, Germany, Austria, and Switzerland. The Retail
segment sells products under the strong Office Depot brand to over 600,000
active customers in over 100 stores and online.
Brisk transaction activity in 2016: Annualized consolidated revenues rise
to approx. EUR 4.5 billion
AURELIUS Equity Opportunities completed a total of nine company
acquisitions, including three add-on acquisitions, and sold six portfolio
companies in 2016. Having been announced in December 2016, the acquisition
of AH Industries, a leading supplier of components, modules, and systems
for the wind, the minerals, and the cement industry, which is based in Ribe
(Denmark), should be completed in the first quarter of 2017.
"2016 was another exciting and very successful year for the AURELIUS Equity
Opportunities Group. Our Europe-wide set-up has paid off, as our foreign
offices made an important contribution to the Group's success by generating
significant transactions," said Dr. Dirk Markus, CEO. "We are ideally set
up for fiscal year 2017 and are optimistic about the coming months because
we have a well-filled transaction pipeline."
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
focuses on investing in Special Situations and Mid-Market transaction
opportunities. AURELIUS Equity Opportunities currently has 23 portfolio
companies located across Europe, which employ around 23,000 people and
generate annual revenues of more than EUR4.0 billion. The shares of
AURELIUS Equity Opportunities are traded on all German stock exchanges,
with a market capitalization of approximately EUR1.8 billion as of December
2016.
Through 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]
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02.01.2017 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.
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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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