The management team of iBOOD and Dutch technology investor Walvis, have announced the management buy-out of iBOOD.com. iBOOD is Europe’s leading e-commerce platform offering online daily premium deals in product verticals such as electronics, home & living, sports & fashion and Do-It-Yourself. Walvis, founded by the J.A. Fentener van Vlissingen family, helps Dutch technology companies grow and scale internationally.
IMPROVED acted as the exclusive financial advisor to the selling shareholders Ceconomy AG and MediaMarktSaturn Retail Group in this transaction and supported the management team of iBOOD in finding the financial investor to realise its growth ambitions.
Ceconomy AG and its majority shareholding MediaMarktSaturn Retail Group, first invested in iBOOD in 2013. However, in course of their efficiency program, the companies announced end of April 2019 to review their investment portfolios and decided later to initiate the sale of iBOOD.