Deal Announcement

DC Advisory advises TOOLPORT on its sale to The Riverside Company

25 Wrz 2019

Background

• Founded in 1984 and based in Norderstedt, Germany, TOOLPORT is the leading European online provider of professional tents and spare parts for the consumer and industrial markets
• TOOLPORT operates an online distribution model supported by a specialised and high-quality customer service team
• TOOLPORT’s product portfolio includes a broad range of professional tents, such as party tents, portable garages or arched shelters, catering to the various use cases of both B2C and B2B customers
• TOOLPORT distinguishes itself through superior product quality, best-in-class availability, and exceptional customer service
• Based on over a decade of strong, profitable and self-financed growth, the owner decided to seek a strong partner who would support TOOLPORT in its future development to reach the next stage in the company’s history

Process

• DC Advisory (DC) was engaged by the shareholder to act as exclusive sell-side advisor
• DC ran a full scope M&A process, including a lender education and vendor due diligence
• DC sustained strong investor interest in the transaction and collected a high number of attractive offers to encourage optimum bidder competition throughout

Outcome

• Four months after the market approach, the future partner for TOOLPORT was identified and the purchase agreement signed
• The sole shareholder of TOOLPORT sold a majority stake in the company to The Riverside Company, in combination with a significant reinvestment
• The parties have agreed to keep the purchase price confidential

Deal Team