Berlin-based bmp Media Investors has reached an agreement allowing it to fully exit Nokaut.pl, the e-commerce platform which has been part of the bmp portfolio since early 2006. The firm will sell its 34.26% stake to TFI Investors’ LBO fund for a price of PLN 5.4 million. The deal is contingent upon the conditions of precedent, including due diligence and the approval of shareholders from both companies. Completion is expected by the end of February.
Nokaut.pl is a privately held Polish company, operating an e-commerce platform providing consumers a shopping experience based on comparative pricing. The platform was launched in January 2006, moving from alpha stage to full operation in just 11 months. The company provides service to more than 2,000 retailers carrying more than 3 million products, and claims nearly 2 million annual visits.
bmp Media Investors (www.bmp.com)
As one of two subsidiaries of German private equity investment manager bmp AG, bmp Media Investors focuses on providing venture capital to media and marketing services companies. Active in both the German and Polish markets, the company is actively invested in nugg.ad, mando.TV, Motor Entertainment, and K2 Internet, among others. With more than 10 years experience in developing new ventures, bmp lends both finances and support to all of its projects, making it one of the leading venture capital firms in the region.