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NuCom buys majority stake in Aroundhome in €140M deal

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NuCom buys majority stake in Aroundhome in €140M deal

NCG Commerce GmbH acquired a majority stake in Aroundhome from its founders and investor General Atlantic in a transaction valuing the enterprise at €140 million.

With the acquisition, the NuCom Group increased its stake in Aroundhome to 94% from 42%. The increased share comprises 42% of voting shares held by General Atlantic, as well as 8% and 2% of shares held by Aroundhome founders Mario Kohle and Robin Behlau, respectively.

Kohle exits Aroundhome while Behlau keeps 6% of voting shares and will continue to run the company. General Atlantic, which previously held 25.1% in NuCom, exchanged its shares for a further stake in NuCom and now holds 28.4% of shares in total.

NuCom, which now holds a majority stake in each of its 10 portfolio companies, is the e-commerce arm of German media company ProSiebenSat.1 Media SE.