Seems news has been doing the rounds that OCUK has been sold to Case king to the tune of 50 million Euro?
Afinum's Caseking buys Overclockers
Source: UK unquote | 01 Feb 2012 | secure
Afinum portfolio company Caseking has acquired UK-based ecommerce business Overclockers UK.
KEY FACTS
Overclockers UK
DEAL - Acquisition finance
LOCATION - Newcastle-under-Lyme
SECTOR - Speciality retailers
FOUNDED - 1999
STAFF - 40
VENDOR - Founder
Afinum initially invested in German firm Caseking in 2010. The company is a distributor and ecommerce retailer of computer components to the PC gaming community.
Overclockers offers similar services in the UK. The acquisition continues the group's growth strategy and will almost double the size of the existing operation.
The combined group will leverage its strength in the two largest European markets to develop its position as a pan-European player. AFINUM and the management team are looking to achieve further growth by increasing the company's market share in existing markets and further expanding its presence in additional countries.
The transaction was funded with a balanced equity/debt structure. Debt was provided from DZ Bank and Berliner Volksbank, and arranged by Dirk Spangenberg, Simon Großmann, Jens Richter and Guido Schiller.
Company
Founded in 1999, Overclockers UK is an ecommerce retailer of specialised PC equipment in the UK, including hardware components, accessories, CPUs and customised PC systems. The company sells more than 2,000 articles from more than 100 brands mainly focused on the gaming and media PC communities. Headquartered in Newcastle-under-Lyme, the company employs around 40 staff.
http://webcache.googleusercontent.c...lockers+uk+case+king&cd=1&hl=en&ct=clnk&gl=uk direct link doesn't work for some reason.
Is this true and what does it mean for the forums etc?
Afinum's Caseking buys Overclockers
Source: UK unquote | 01 Feb 2012 | secure
Afinum portfolio company Caseking has acquired UK-based ecommerce business Overclockers UK.
KEY FACTS
Overclockers UK
DEAL - Acquisition finance
LOCATION - Newcastle-under-Lyme
SECTOR - Speciality retailers
FOUNDED - 1999
STAFF - 40
VENDOR - Founder
Afinum initially invested in German firm Caseking in 2010. The company is a distributor and ecommerce retailer of computer components to the PC gaming community.
Overclockers offers similar services in the UK. The acquisition continues the group's growth strategy and will almost double the size of the existing operation.
The combined group will leverage its strength in the two largest European markets to develop its position as a pan-European player. AFINUM and the management team are looking to achieve further growth by increasing the company's market share in existing markets and further expanding its presence in additional countries.
The transaction was funded with a balanced equity/debt structure. Debt was provided from DZ Bank and Berliner Volksbank, and arranged by Dirk Spangenberg, Simon Großmann, Jens Richter and Guido Schiller.
Company
Founded in 1999, Overclockers UK is an ecommerce retailer of specialised PC equipment in the UK, including hardware components, accessories, CPUs and customised PC systems. The company sells more than 2,000 articles from more than 100 brands mainly focused on the gaming and media PC communities. Headquartered in Newcastle-under-Lyme, the company employs around 40 staff.
http://webcache.googleusercontent.c...lockers+uk+case+king&cd=1&hl=en&ct=clnk&gl=uk direct link doesn't work for some reason.
Is this true and what does it mean for the forums etc?
