The Babyshop Group, which includes Babyshop.com, AlexandAlexa.com, Lekmer.se, and Oiidesign.se has annual run rate sales of €120 million, 6 million website visitors per month and over 1 million retail customers per year. The Group has customers in over 170 countries, fulfilling these orders through its automated warehouse operations in Jönköping, Sweden.
Marcus Tagesson, Co-Founder of Babyshop, said, “The acquisition of Lekmer.se is yet another proof that our acquisition strategy coupled with strong organic growth is playing out well. We will continue to strengthen our leading position in the market and we are very happy to further consolidate the premium segment for children. Together we will have a strong customer proposition, a great brand portfolio and the scale necessary to unlock value in our key markets.”
Daniel Ahlstrand, Investment Director at Verdane Capital Advisors, added “We have been part of Babyshop’s growth journey since 2010 when Verdane Capital VII first invested in the company, and we are thrilled that Babyshop is taking this step now. The Lekmer acquisition has a compelling industrial logic and we look forward to keep on working with an even stronger group.”
About Babyshop
Babyshop.com was established 11 years ago by Marcus and Linn Tagesson with a vision of building the best online kids store in the Nordics. Today, Babyshop is a leading player in the global market. The company has won awards including ‘The Year’s E-commerce Award’ at the Nordic E-commerce Summit and ‘The Best Retailer for Children’s Products’ at the Habit Fashion Awards. The group has 250 employees with offices in Stockholm, Oslo, Jönköping and London.
About Verdane
Verdane is a specialist growth investment firm that partners with tech-enabled and sustainable European businesses. Verdane can invest as a minority or majority investor, either in single companies or through portfolios of companies, and looks to deploy inside two core growth themes; digitalisation and decarbonisation.
Verdane funds hold over €6 billion in total commitments and have made over 400 investments in fast-growing businesses since 2003. Verdane’s team of over 140 investment professionals and operating experts, based out of Berlin, Munich, Copenhagen, Helsinki, London, Oslo and Stockholm, is dedicated to being the preferred growth partner to tech-enabled and sustainable businesses in Europe.
Verdane is also a certified B Corporation, the most ambitious sustainability accreditation globally. The firm only backs businesses that pass its 2040 test, which indicates whether the company can thrive in a more sustainable future economy.
Verdane is partly owned by the Verdane Foundation, which is focused on two areas: climate change and more equitable and inclusive local communities.
More info: www.verdane.com
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