PE Tech Report


Like this article?

Sign up to our free newsletter

EQT to acquire kfzteile24 from founders

Private equity firm EQT has signed an agreement via its EQT Mid Market Fund to acquire Berlin-based kfzteile24 GmbH. The company is being sold by its two founders, Matthias Kieper and Torsten Hainke.

Both remain substantial shareholders in kfzteile24 and will continue in their roles as co-CEOs in order to drive the company’s growth and development. kfzteile24 is a leading German online retailer for vehicle parts and accessories. Three bricks and mortar stores in Berlin with affiliated repair shops supplement the online operation. kfzteile24 has around 500 employees.
A Berlin-based team from CMS Germany headed by lead partners Dr Jörg Zätzsch and Dr Gerd Leutner advised the founders of kfzteile24 on the entire transaction process, through to the final negotiations both with international private equity investors and with international strategic investors.
Zätzsch says: "This transaction involving a Berlin target company has been closely watched in the market. It’s really impressive to see what the founders have achieved since 2001. The company has an exciting future, which will be boosted now by the special experience of EQT and its strong e-commerce expertise."
The parties agreed not to disclose details of the transaction. The acquisition is subject to merger control approval by the relevant competition authorities.

Like this article? Sign up to our free newsletter