DGAP-News: AURELIUS Equity Opportunities completes the sale of Office Depot Europe to strategic investor RAJA


DGAP-News: AURELIUS Equity Opportunities SE & Co. KGaA / Key word(s): Disposal
AURELIUS Equity Opportunities completes the sale of Office Depot Europe to strategic investor RAJA

02.11.2021 / 09:00
The issuer is solely responsible for the content of this announcement.

AURELIUS Equity Opportunities completes the sale of Office Depot Europe to strategic investor RAJA

- Carve-out and extensive realignment by AURELIUS since 2017

- Strategic country exits paved the way for the complete exit of Office Depot Europe

Munich, 2 November 2021 - AURELIUS Equity Opportunities (ISIN: DE000A0JK2A8) has completed the sale of Office Depot Europe to the strategic trade buyer RAJA (based in Roissy, France) with effect from 1 November 2021. RAJA Group is Europe's leading distributor of packaging, supplies and equipment for businesses, and a major player in the office supplies and furniture market. Financial details of the transaction were not disclosed.

Carve-out and extensive realignment by AURELIUS since 2017
Office Depot Europe was acquired by AURELIUS in 2017 as a corporate carve-out from US-based Office Depot, Inc. Since then, AURELIUS undertook extensive investment into the company's e-commerce activities and IT transformation which resulted in a strategic and operational realignment of Office Depot Europe. The focus was on the brand and business unit Viking and furthering its leading market position in the e-commerce channel, with almost 90 per cent of revenues now generated online.

Through the Viking and Office Depot brands, the company operates in several European markets in the DACH region, Benelux, the UK and Ireland and serves a customer base ranging from small start-ups to large corporations. It has many years of experience and expertise in the office supplies market, an integrated omnichannel platform and dedicated teams of experts for its key segments and brands.

Strategic country exits paved the way for the complete exit of Office Depot Europe
Over the past three years, a number of Office Depot Europe's country businesses have been sold to strategic buyers in order to secure their future and development in a sustainable way within the framework of a new ownership structure. Following the sale of its activities in Southern, Eastern and Northern Europe as well as parts of the contract business in the UK and Ireland, today's announced completion of the remaining business in North Western Europe completes our exit from Office Depot Europe.

"Following the corporate carve-out from its previous owner Office Depot Inc. we were able to strategically and operationally reposition Office Depot Europe for the future with the help of our operational experts. In total, the successful transformation delivered shareholder value through the sales of country businesses to a number of strategic buyers and we found the perfect buyer for the remaining business in North Western Europe with RAJA. A big thank you goes to the team, which has shown how we at AURELIUS successfully and consistently deal with complex situations and thereby develop an optimal solution for the future for all stakeholders," says Matthias Täubl, CEO of AURELIUS Equity Opportunities. "As part of the RAJA family, I wish Office Depot all the best for the future together."

Danièle Kapel-Marcovici, CEO of RAJA Group: "The closing of the transaction marks an important milestone. The acquisition of Office Depot Europe will strengthen our position in Europe. We are very pleased to welcome 1,500 new employees, who bring a wealth of experience and knowledge and will help us realise our strategic goal of becoming a global partner for companies - from start-ups to large multinationals - in the European office supplies market."

AURELIUS was advised on the transaction by PwC (M&A), Deloitte (financial due diligence) and Jones Day (legal).

AURELIUS Group is a pan-European asset management group with offices in Munich, London, Stockholm, Madrid, Amsterdam, Milan and Luxembourg.

Key investment platforms are its AURELIUS European Opportunities IV fund as well as listed AURELIUS Equity Opportunities SE & Co. KGaA ("AEO"; ISIN: DE000A0JK2A8), which acquire corporate carve-outs and companies with development potential in the mid-market (fund) and lower mid-market sector (AEO). The investment strategy's core element is operational support of its portfolio companies with a team of almost 100 in-house operating taskforce experts. AURELIUS Group also operates in the areas of growth capital, real estate opportunities and debt. With its group charity AURELIUS Refugee Initiative e.V., AURELIUS provides comprehensive support for refugees on their way towards a better life.
To find out more, visit www.aurelius-group.com

Investor Relations & Corporate Communications
Phone: +49 (89) 544799 - 0
Fax: +49 (89) 544799 - 55
E-mail: [email protected]


02.11.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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Language: English
Company: AURELIUS Equity Opportunities SE & Co. KGaA
Ludwig-Ganghofer-Straße 6
82031 Grünwald
Phone: +49 (0)89 544 799-0
Fax: +49 (0)89 544 799-55
E-mail: [email protected]
Internet: www.aureliusinvest.de
Listed: Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Munich (m:access), Stuttgart, Tradegate Exchange
EQS News ID: 1245153

End of News DGAP News Service

1245153  02.11.2021 


Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 1.574,86 2.998,35 2.902,94 3.612,00 1.932,90 2.560,80 2.800,00
EBITDA1,2 35,44 272,56 65,72 80,30 167,60 249,70 220,00
EBITDA-Marge3 2,25 9,09 2,26 2,22 8,67 9,75 7,86
EBIT1,4 -22,64 202,00 11,69 -84,20 222,70 115,80 100,00
EBIT-Marge5 -1,44 6,74 0,40 -2,33 11,52 4,52 3,57
Jahresüberschuss1 -10,48 484,49 -39,52 18,27 121,60 151,80 65,00
Netto-Marge6 -0,67 16,16 -1,36 0,51 6,29 5,93 2,32
Cashflow1,7 1,11 -132,16 -50,00 -76,10 227,50 42,90 60,00
Ergebnis je Aktie8 -1,19 5,98 -1,43 -3,43 3,62 4,86 2,15
Dividende8 4,00 5,00 3,00 0,00 1,00 1,50 1,50
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2021 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: KPMG

Aurelius Equity Opportunities
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A0JK2A 24,760 Kaufen 737,10
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
11,25 9,01 1,25 14,79
1,44 17,18 0,29 2,87
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
1,00 1,50 6,06 21.06.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
12.05.2022 11.08.2022 10.11.2022 28.03.2022
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-2,60% -6,76% -8,43% -10,48%
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Beteiligungen , A0JK2A , AR4 , XETR:AR4