Transaction Details

September 5, 2019
Frankfurt

Sector

Consumer, Retail, E-commerce and Leisure

Deal Type

Debt advisory

Deal Value

N/D

Deal Team

Norbert Schmitz, Adrian Nowitzki, Janik Bold, Matthias Münnich

GCA Altium advises Riverside on the acquisition financing for TOOLPORT

GCA Altium has advised Riverside Europe Partners on the acquisition financing to support the international expansion of TOOLPORT, the leading European e-commerce provider for professional tents. Riverside is developing the platform in partnership with the founders, underlining its focus on and expertise in the specialty manufacturing and distribution industry.

TOOLPORT provides professional tents and spare parts for the consumer and industrial markets. Based in Norderstedt, Germany, the company operates an online direct-to-consumer model supported by a specialised and high-quality customer service team. TOOLPORT decided to partner with Riverside to pursue an ambitious international growth strategy.

GCA Altium secured a tailor-made, complex financing package consisting of a First-Out / Second-Out structure, which provides the flexibility required for TOOLPORT’s business model and the planned internationalisation strategy.

Riverside Partner Peter Schaberger explained: “We are very excited to partner with TOOLPORT’s founder Stephan Weiß and his team to support the company during the next years of growth.”

The TOOLPORT founder added: “Riverside has a strong track record of partnering with founders to grow businesses internationally. Their experience, expertise and network will enable us to make TOOLPORT bigger and better.”

Norbert Schmitz, Managing Director at GCA Altium, stated: “The nature of the business required a flexible financing structure which also takes into account the envisaged internationalisation strategy of the company.”

The transaction closed in September. All parties agreed not to disclose any further details of the transaction.

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