October 29, 2020
Consumer, Retail, E-commerce and Leisure
Business Succession, M&A
GCA Altium advises QLOCKTWO on the sale of a minority stake to BWK
GCA Altium 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 is based in Schwäbisch Gmünd, Germany, and employs a total of 60 people. QLOCKTWO is a manufacturer of 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 specialist trade partners from the watch, jewellery and interior design sectors, through the company’s own flagship stores in Berlin, Hamburg, Munich and Stuttgart, and through its own online shop.
BWK has acquired a minority stake in the company intending to support its international growth, and 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.”