March 17, 2017
Business Services, Digital Media and Media
GCA Altium advises Solopress on its sale to Onlineprinters
GCA Altium acted as financial advisor to the shareholders of Solopress, one of the UK's largest independent online printers, on its sale to Onlineprinters, a portfolio company of Bregal Unternehmerkapital. This marks GCA Altium’s 8th major transaction in the European online printing space since 2013. For GCA Altium’s Online and Technology practices it has already been the 57th transaction within the last two years.
Solopress offers a wide range of business related printed products, including business cards, leaflets, brochures, posters and banners. With the maxim “Print Delivered Tomorrow” the company ships over 85% of its print jobs within 24 hours of being ordered. Last year alone Solopress produced over 300,000 online orders and hit the 1,000,000th order milestone in October 2016. Solopress was founded in 2004 and has grown significantly in recent years reaching 225 employees in 2016.
Onlineprinters is one of Europe's top online print providers, selling its products to 600,000 customers in 30 European countries through its 16 web shops. Last year Bregal Unternehmerkapital became the new majority shareholder of Onlineprinters partnering with Project A and founder Walter Meyer to lead the company to its next phase of growth. Aron Priest and Andy Smith will continue to lead Solopress as Managing Directors and become shareholders of Onlineprinters Group.
Onlineprinters CEO Dr. Michael Fries commented about the deal: “We are glad that Solopress with its premier position in the UK market will become part of the Onlineprinters Group. The experience of the founders Aron Priest and Andy Smith will be instrumental in developing our UK business and helping to further develop Onlineprinters as a European leader in online printing.”
Aron Priest, CEO and Co-Founder of Solopress commented: “GCA Altium were the obvious choice to advise us given their sector credentials and proven ability of successfully executing cross-border transactions. They were tireless in ensuring the process ran smoothly, and we are all delighted with the outcome achieved.”