kfzteile24, German eCommerce platform for automotive spare parts, acquired by investment consortium

kfzteile24, German eCommerce platform for automotive spare parts, acquired by investment consortium

(IN BRIEF) EQT Mid Market fund has agreed to sell kfzteile24 to an investment consortium comprising of the Company’s management, Project A Ventures, Koehler Group, and a group of technology investors. Kfzteile24, headquartered in Berlin, is a leading eCommerce platform for automotive spare parts and accessories in Germany. EQT Private Equity acquired kfzteile24 in October 2015 and, during its ownership, the company invested in its digital platform and logistics infrastructure, expanding its online offering from around one million to around three million products.

(PRESS RELEASE) MUNICH, 21-Apr-2023 — /EuropaWire/ — EQT is pleased to announce that the EQT Mid Market fund (“EQT Private Equity”) has agreed to sell kfzteile24 (the “Company”) to an investment consortium consisting of the Company’s Management, Project A Ventures, Koehler Group and a group of technology investors (“SB21”).

Founded in 2001 and headquartered in Berlin, kfzteile24 is a leading eCommerce platform for automotive spare parts and accessories in Germany. In addition to its online webshop and app, kfzteile24 operates three retail stores with affiliated repair shops in Berlin to supplement the online distribution. kfzteile24 is positioned within the large independent automotive aftermarket, which sees a healthy and steady growth outlook driven by increasing online adoption and a growing and aging car fleet in Germany.

EQT Private Equity acquired kfzteile24 from its founders in October 2015. During EQT’s ownership, kfzteile24 has made substantial investments in its digital platform and logistics infrastructure to support its growth trajectory and operational efficiency. The Company has expanded its online offering from around one million to around three million products (including one of the largest online e-mobility product range in Germany), has significantly grown its B2B customer base, and also initiated international expansion.

Vesa Koskinen, Partner within EQT Private Equity’s Advisory Team, said, “The Company’s management team has played an instrumental role in developing kfzteile24 to a leading digital automotive spare parts platform with excellent operational capabilities. We believe kfzteile24 is in great hands and has a bright future ahead.”

Markus Winter, CEO of kfzteile24, said “We are very grateful for EQT’s extensive support, which enabled us to turn kfzteile24 into the successful and profitable omnichannel company it is today. Our strong digital platform has been key to the rapid expansion of the direct delivery business for commercial customers. EQT has been a great partner and helped to position kfzteile24 for the long-term. We are excited for what the future holds.”

The closing of the transaction took place on 20 April 2023.

About EQT

EQT is a purpose-driven global investment organization with EUR 119 billion in assets under management within two business segments – Private Capital and Real Assets. EQT owns portfolio companies and assets in Europe, Asia-Pacific and the Americas and supports them in achieving sustainable growth, operational excellence and market leadership.

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About kfzteile24

kfzteile24 is Germany’s best-known brand for car parts and automotive accessories. The Berlin-based omnichannel company owns the successful online shops kfzteile24.de and autoteile24.de that serve the German and Austrian markets and runs its own branch stores and master garages in Berlin. Founded in 2001, the company is equally active in France, Denmark and the Netherlands under the carpardoo brand. The digital platform offers comprehensive solutions for both private and commercial needs. Its product range features over 3 million items, including original spare parts from well-known brands. kfzteile24’s online shop and “outstanding” customer service (Trustpilot rating: 4.3 stars) have received multiple awards (including for the “excellent” technical quality of the online shop, Computer Bild 2022; “Best Brand 2022” in the mail order category, auto motor sport; Net Promoter Score: 75 points).

More info: www.k24.group

Media Contact:

EQT Press Office
press@eqtpartners.com
+46 8 506 55 334

SOURCE: EQT