GCA Altium advises Displate on the sale of a majority stake to Mid Europa Partners
Headquartered in Warsaw, Poland, Displate is the leading online marketplace for high quality metal posters and created its own mass market by connecting more than 40,000 visual creators and over 30 licensed brands with a global customer base of enthusiasts in more than 50 countries. Displate offers enthusiasts a portfolio of 1.4 million designs in various verticals including gaming, movies, anime, music, travel and sport, addressing its customers primarily via social media channels. Displate was founded in 2013 by Karol Banaszkiewicz, Edward Ruszczyc and Jacek Swigost, who remain significant minority shareholders of the business.
Karol Banaszkiewicz, CEO and a co-founder of Displate, commented: “Having witnessed the business increase its revenues more than five-fold in the last two years, I look forward to working with Mid Europa and seeing Displate benefit from access to their resources and extensive e-commerce experience as we continue our global expansion.”
Tobias Schultheiss, Managing Director at GCA Altium, said: “Displate’s founders and management team built an impressive, fast-growing business with a unique positioning and product offering. We are delighted to have advised the founders and shareholders on this transaction and are convinced that Mid Europa is the right partner to continue its success story and global rollout over the next years.”
Pawel Padusinski, Partner and Co-Head of Mid Europa Partners’ Warsaw Office, said: “We continue to be impressed by Displate’s ability to expand its successful platform globally, while executing a focused strategy centred around product excellence, content curation and marketing efficiency.”
The transaction has been signed on 31st October and is expected to close in Q4 2020. Details of the transaction were not disclosed.