Düsseldorf, 5th of April 2019. As an exclusive M&A advisor, Sancovia Corporate Finance advised the shareholders of FUXTEC GmbH comprehensively during their search for an experienced and suitable partner for the planned growth and internationalisation strategy. Sancovia supported them throughout the entire transaction process. With the sale of part of the shares to an investor backed by family businesses, FUXTEC and its management were able to find a strong, trustworthy, and experienced partner.
As a pure e-commerce company, FUXTEC GmbH, based in Herrenberg, sells high-quality garden tools and leisure products under its own brand directly to the end user. The product range extends from multitools and brushcutters to chainsaws, hedge trimmers, garden vacuums, lawn mowers, snow blowers and the famous foldable carts, with which FUXTEC occupies a market-leading position in Germany.
“We were looking for a partner with whom we could confidently implement our planned European internationalisation strategy in the coming years. We are convinced that we have found an experienced, entrepreneurial investor with whom we form a partnership of equals. We are very much looking forward to working together”, said Tim Gumprecht and Tomislav Zelic, shareholders and managing directors of FUXTEC GmbH.
Michael Rolf, Partner of Sancovia Corporate Finance, adds: “We are pleased that we have found a partner for FUXTEC and its active and entrepreneurial shareholders; a partner with extensive experience in implementing internationalisation strategies who has a very good understanding of medium-sized companies and entrepreneurs as well as the financial resources needed to finance the planned growth strategy. We see FUXTEC as a market-leading e-commerce company in the growing online market for gardening equipment and leisure products, which is very well positioned for achieving the targeted national and international growth over the coming years.”
Sancovia has comprehensively supported the vendors as an exclusive M&A advisor throughout the entire transaction process, right up to signing & closing.