Jet 2 investment fund has acquired eds.group from DPE
Private equity fund Jet 2, managed by investment company Jet Investment, has acquired a 100% stake in Euro-Druckservice GmbH (eds.group) from DPE Deutsche Private Equity (DPE).
With c. 1,500 employees across 8 locations in 5 countries and annual revenues of c. € 300 million, eds. group is the largest partner for retail chains for on-time printed marketing communications in Central Eastern Europe (CEE).
Haiko Stüting, Co-CEO and CFO of eds.group, commented, “with the support of DPE, we have expanded our market leadership in CEE through organic growth and one strategic acquisition. We continue to see substantial potential for leaflets as the primary and most effective way of retail communication as well as magazines and catalogue in the expanding CEE markets and Europe, that we will capitalize on together with our customers and new partner Jet Investment.”
Frank Müller, Partner at DPE, added, “In Jet Investment, we have found a strong partner for eds.group’s next phase of organic and inorganic growth.”
Marek Malik, Partner at Jet Investment, elaborated, “The acquisition of eds.group perfectly matches our investment thesis in central Europe. We expect that active, locally rooted ownership together with hands-on management and a new capital structure of eds.group will contribute to its further growth and strengthening of the position in the region. On behalf of Jet Investment, the investment will be managed by Alexander Kosovsky. We would like to thank DPE for professional management of the business so far and our advisors for their support in the deal.”
The transaction is expected to close in March 2022.
DRV Legal served as legal counsel and Ernst & Young acted as financial advisor to Jet Investment. Clifford Chance served as legal counsel to DPE.