mutares portfolio: PIXmania makes add-on acquisition in Spain

PIXmania, a leading European e-tailer in the portfolio of mutares AG (ISIN: DE00A0SMSH2), acquires OFERTON, the Spanish specialist in live-shopping. The aim of the acquisition is to further strengthen the company’s position in Spain as well as to realize synergies in the refurbished goods sector.

OFERTON (www.oooferton.es) is the first live-shopping provider in Spain trading across the electronics, home appliances and fashion categories. The company, backed by European venture capitalist ACTIVE Venture Partners, is highly complementary to PIXmania’s existing offering. Through its acquisition, PIXmania manages to further strengthen its leading position in Spain and to realize synergies in the refurbished goods sector. In 2014, PIXmania received the „e-commerce of the year award“ in Spain.

Company profile of PIXmania

PIXmania SAS, Paris (www.pixmania.fr), is one of the leading European e-tailers that operates across 14 European countries with a strong focus on France. PIXmania employs 500 people across its three sites, two located in France and one in the Czech Republic. The group manages several e-commerce portals targeting private consumers, corporate customers and merchants. The total customer base counts 2.4m active users.

Company profile of Mutares SE & Co. KGaA

Mutares SE & Co. KGaA, Munich (www.mutares.de), acquires medium-sized companies and parts of groups with headquarter in Europe that are being sold in the course of a repositioning process at their owners and show a clear potential for operational improvement. Mutares actively supports and develops its portfolio companies with its own investment and consulting teams as well as through acquisitions of strategic add-ons. The aim is to achieve a clear value increase with a focus on sustainable, long-term growth of the portfolio company. In 2018, Mutares’ portfolio companies generated consolidated revenues of EUR 865 million and employed more than 4,700 people worldwide. The shares of Mutares SE are listed on Frankfurt Stock Exchange under the ticker symbol “MUX” (ISIN: DE000A2NB650).