The private equity fund CataCap has acquired 66% of the e-commerce business Luxplus.
Luxplus is an online membership club, which sells exclusive cosmetic and healthcare products at discount prices to their members.
Luxplus was founded in 2013. The membership club has more than 130,000 members in the Nordics, the Netherlands, Germany and the UK. Luxplus has experienced extensive growth and the revenue of Luxplus has increased by around 30 per cent per year during the last five years. The revenue amount to approx. DKK 275m YTD.
CataCap will work together with Luxplus to further strengthen the membership club’s position in the Nordics and make it a market leader in even more European countries.
CataCap is a Danish private equity firm which invests in SMEs that hold a significant development potential and have an innovative business model with long-term sustainability.
LuxPlus will be the fifth investment in CataCap’s second fund.
Accura advised CataCap in connection with the transaction.