We advised the founders of BiGDUG Limited, one of the UK’s largest shelving, racking and storage retailers, on the sale of the entire issued share capital of the company to KAISER + KRAFT EUROPA GmbH, a subsidiary of German plc Takkt AG.
The sellers received £19 million in cash upon completion of the transaction, with a further £6.3 million subject to an earn-out.
TAKKT Group is the market-leading B2B direct marketing specialist for business equipment in Europe and North America. TAKKT has nearly three million customers in over 25 countries around the world. Travers Smith acted for the purchaser.