Berlin – Funds advised by Gilde Buy Out Partners (“Gilde”) today announced the acquisition of Caseking Group (“Caseking” or the “Company”), together with the Founders and management. The terms of the agreement have not been disclosed.
Caseking, a leading supplier of high-performance PC-gaming equipment and peripherals, maintains a track record of strong organic growth, excellent market understanding and successful product placement supporting the future growth of the Company. Caseking has displayed consistent growth, both organically as well as through add-on acquisitions, becoming a leading platform for PC-gaming equipment in Europe. Operations are based in Germany, Great Britain, Sweden, Finland, Hungary, Portugal and Taiwan. The Company processes 540.000 orders and sells approximately 4 million products worldwide per year. Products sold include own brands, brands exclusively available at Caseking and third-party brands.
Commenting on the sale, Toni Sonn, CEO of Caseking says: “I am thankful to all employees at Caseking for their contribution and support in putting the Company on a path of sustained growth. We have experienced exciting years with strong organic growth and the expansion of Caseking to other regions outside Germany. The sale of Caseking to Gilde will allow us to further strengthen the strong position of Caseking in the PC-gaming industry and we are looking forward to work with Gilde as an experienced partner for companies with a strong growth and expansion focus.”
Matthias Wilcken, Partner at Gilde: “We are impressed with Caseking’s track record of consistent growth and the ability to understand the needs of performance PC-gamers. The Company has built a leading position in Europe focusing on the most demanding clients in the categories of PC equipment and peripherals. Caseking is in an excellent position to further build on this solid foundation and to become the most respected brand within the PC-gaming community. We are excited to support Caseking in this next phase of development.” Read more at: http://gilde.com/news/2018/gilde-buy-out-partners-and-management-acquire-caseking-group
