Transaction Details

March 10, 2021
Frankfurt

Sector

Consumer, Retail, E-commerce and Leisure

Deal Type

Business Succession, M&A

Deal Team

Tobias Schultheiss, Martin Rezaie, Pascal Haas, Neil Schmodde

GCA Altium advises Kapten & Son on a partnership with Ardian Growth

GCA Altium acted as exclusive financial advisor to the founders of Kapten & Son – a leading European fashion accessories DTC brand – on the sale of a minority stake to Ardian Growth. The transaction includes a growth capital injection to further fuel Kapten & Son’s growth ambitions on a European scale.

Kapten & Son was founded in 2014 by Fabian Deventer, Johannes Theobald and Artjem Weissbeck who were all students at the University of Münster at the time and who went on to successfully grow the company’s revenues to over EUR 50m in 2020.

Today Kapten & Son is one of the fastest growing, yet profitable, fashion and accessories companies in Europe. Thanks to high-quality products, a strong DTC focus and unique marketing expertise, Kapten & Son has developed into an internationally operating company. The firm’s diversified product portfolio includes backpacks, sunglasses, glasses, watches, suitcases and accessories, which are sold in over 30 countries via the Kapten & Son online store, as well as six Kapten & Son retail flagship stores and exclusive boutique partners. Following a period of rapid growth and expansion, the business now has more than 150 employees working at the company’s headquarters in Cologne, Germany and in its retail stores.

With new shareholder Ardian Growth, Kapten & Son plans to further drive international growth, as the founders explain: “For over six years we have chosen to finance our growth ourselves, while investors have been knocking on our doors. Now, however, we found an ideal partner in Ardian Growth, who have proven high ambitions and a long-term perspective with other consumer companies. They know the European market and the e-commerce landscape down to the smallest detail in a very data-driven way. Together we will now focus on accelerating the success story of Kapten & Son!”

Tobias Schultheiss, Managing Director at GCA Altium, commented: “Kapten & Son is a genuine success story in the DTC space and has established itself as a leading brand for fashion accessories in a short period of time. I am convinced that Ardian Growth is the right partner to further accelerate growth on a European scale.”

The transaction completed on 24 February 2021 and the financial terms of the agreement were not disclosed.

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