internetstores AG Receives €30m Investment from EQT
Summary
internetstores AG, a Stuttgart, Germany-based online bike and outdoor retailer, has received a €30m growth investment from EQT Expansion Capital II (http://www.eqt.se).With the transaction, EQT Expansion Capital II has acquired a substantial minority stake in the company.The investment aims to help the company accelerate growth and expand abroad.Founded in 2003, internetstores is today an online bike and outdoor retailer with a large variety of brands covering a vast assortment of over 50,000 products through its brands fahrrad.de, Brügelmann, Bikeunit and Bikester for bikes as well as CAMPZ for outdoor.The company, which recently acquired Votec (read here), has a leading position in its key market Germany and continues to increase an international market share, in Switzerland, Austria and France.