Growth Capital for windeln.de

 In 2014

  • New investor Deutsche Bank
  • EUR 15 million financing round from international investor group

Munich, April 2014 – Windeln.de announces today that DB Private Equity, Deutsche Asset & Wealth Management's global private equity business, has joined its international investor base, comprising of DN Capital (Palo Alto, London), Acton Capital Partners (Munich), MCI Management (Warsaw) and 360 Capital Partners (Milan, Paris).

Windeln.de is fast becoming the leading online retailer in the baby and children category in Europe. In 2013, its third full fiscal year, the company has seen remarkable growth along multiple dimensions:
Product range has increased to more than 55.000 SKUs from over 800 brands
New Logistics system has further improved delivery times
Sales are exceeding the € 100 million mark, again doubling year on year
Strong growth in customer base and customer satisfaction – more than 70% of orders come from repeat customers
The windelbar.de Shopping Club is now a significant contributor to overall sales and margin
New product categories such as clothing and toys have been added
Regional diversification has started with the acquisition of kindertraum.ch in Switzerland at the end of 2013

The funds will be used for further expansion into new regions and categories as well as for organic and external growth. Alexander Brand, co-founder and Managing Director, says: “We welcome Deutsche Bank as a new investor. Their expertise further strengthens and complements our investor group.” Konstantin Urban, also co-founder and Managing Director, adds: “Now, we can further expand our product offering and provide even better service to our customers. The additional capital will allow our team to continue our fantastic growth.” “The performance of windeln.de in 2013 was extraordinary, continuing on their upwards trajectory with growth well over 100%”, says Nenad Marovac, Managing Partner of the British VC firm DN Capital, “The strong growth was fuelled by an excellent product range, very lean operations, superb logistics and highly efficient marketing.”

About DN Capital

DN Capital is a global early stage and growth capital investor in software, mobile applications, digital media and e-commerce companies with offices in London and Palo Alto. DN Capital's objective is to identify, invest in and actively support its portfolio companies to become global leaders. Portfolio companies include Shazam Entertainment, Apsmart (sold to Thomson), Endeca Technologies (sold to Oracle), Datanomic (Sold to Oracle), Eyeka, Gecko Board, JacobsRimell (Sold to Amdocs) Mister Spex, OLX (Sold to Naspers), Mobile Roadie, MPME, Scarosso, Tbricks and windeln.de. The professionals at DN Capital bring over 50 years of private equity experience to their investments, and actively work with portfolio companies to steward their growth through the various stages of development. Additional information about the firm and its portfolio companies can be found on its website, www.dncapital.com.

About Acton Capital Partners

Acton Capital Partners (www.actoncapital.com) is an independent, partner-led growth equity investor in the internet sector. The investment focus of Acton’s Heureka I and II funds is B2C and B2smallB oriented business models in e-commerce, online marketplaces, e-services and digital media. Acton invests worldwide, with a strong emphasis on Europe. Funding comes from international private and institutional investors. Munich-based Acton Capital Partners was founded in 2008. Before establishing their own independent business, the Acton team worked successfully together for many years at the Hubert Burda Media group. From 1999 onward, they acquired stakes for Burda Digital Ventures GmbH in over 40 Internet-based B2C businesses, which they managed with great success. Investment success stories include AbeBooks, Alando, ciao.com, Elitepartner, HolidayCheck, OnVista and zooplus.

About MCI Management

MCI was created in the year 1999. It is the leading Private Equity group in Central Europe. The value of assets managed by MCI reaches 1.1 bln PLN . The MCI Group has so far executed above 50 investment projects and executed over 20 full exits. So far MCI was focusing on investments in CEE region with main investment performed in Poland and Czech Republic. The new investment strategy includes countries of the former Soviet Union (CIS) as well as Germany and Austria and Turkey. In the period from 01/01/1999 to 31/12/2013 MCI reached a net rate of return (net IRR) of 19.7% and placed at the forefront of European PE funds. MCI Management SA is listed on the Warsaw Stock Exchange since February 2001. MCI is a member of the Polish Private Equity Association and the Polish Association of Stock Exchange Issuers.More information is available at: www.mci.pl/en.

About 360 Capital Partners

360 Capital Partners (www.360capitalpartners.com) is a pan-European Venture Capital firm with offices in Paris and Milan investing in highly innovative companies in three main sectors: digital, cleantech and medtech. Since 1997, 360 Capital Partners’ investment team has managed more than Euro 300 million and invested in more than 70 companies in 9 countries including Yoox, MutuiOnline, Leetchi.com, Electro Power Systems, Invendo, Aramisauto, Newlisi, Sojeans and Qapa.com.

About Deutsche Bank - Private Equity & Private Markets

DB Private Equity is Deutsche Asset & Wealth Management's global private equity asset manager business focusing on primary and secondary fund investments as well as direct co-investments for institutional investors and private clients. DB Private Equity has been investing since 1991 and as of 31 March 2013 it managed client assets in excess of € 8.0 billion (US$10.2 billion).

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