Transaction

Transaction Details

Closed
November 5, 2020

Sector

Consumer / Retail / E-commerce / Leisure

Deal Type

Mergers and Acquisitions, Minority Investment

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GCA Advises Qlocktwo on the Sale of a Minority Stake to BWK

GCA acted as exclusive financial advisor to the founders of innovative luxury brand QLOCKTWO on their sale of a minority stake to German-based private equity fund BWK.

QLOCKTWO was founded in 2009 by Marco Biegert and Andreas Funk. The company manufactures art objects whose unique time display in the form of a backlit word matrix has gained international recognition. The time objects can be purchased worldwide through a network of around 1,000 specialty trade partners in the watch, jewelry and interior design sectors; through the company’s own flagship stores in Berlin, Hamburg, Munich and Stuttgart; and through the company’s own online shop.

BWK has acquired a minority stake in the company and is intending to support its international growth, and through the transaction the company’s Managing Director Jens Adamik has also become a minority shareholder.

“With BWK, we have gained a competent partner for the expansion of our company. They understand our language, our vision and, with their regional roots, fit perfectly with our philosophy,” said Marco Biegert, co-founder of QLOCKTWO. Fellow co-founder Andreas Funk added: “BWK’s experience in the B2C space is very valuable to us as part of our growth plans. With them as a reliable and experienced minority shareholder, we can now implement our growth plans even faster.”

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