TBAuctions (Castik Capital) Acquires Auktionshuset dab

Auktionshuset dab (TBAuctions) Integrates KJ Auktion to Strengthen Danish Auction Presence

January 25, 2024

Professional Services

Auktionshuset dab, part of the TBAuctions group, has acquired and will integrate KJ Auktion into its operations to create a stronger Danish auction house focused on insolvency and project-based auctions. The deal expands TBAuctions’ footprint in Denmark, combining KJ Auktion’s North Jutland presence and staff with Auktionshuset dab’s platform and nationwide coverage; employees from KJ Auktion will continue working within the combined organisation.

Castik Capital Acquires TBAuctions

November 25, 2021

E-Commerce

Funds managed by Castik Capital will acquire TBAuctions, the European online auction platform formed from Troostwijk Auctions and BVA Auctions, to accelerate pan‑European growth through organic expansion and buy‑and‑build. The deal (subject to Works Council and ACM approvals) will back TBAuctions' ATLAS technology platform and support further add‑on acquisitions across Europe while existing management will remain significant shareholders.

TBAuctions (Castik Capital) Acquires Epic-Auctions

April 26, 2023

E-Commerce

TBAuctions, the Europe-focused online B2B auction platform backed by Castik Capital, has acquired Dutch Epic-Auctions. The add-on expands TBAuctions' reach in agricultural, transport, earthmoving and construction equipment auctions, adding ~10,000 lots and €30 million in annual hammer turnover to the group.

TBAuctions to Integrate Klaravik as Part of European Roll-out

June 2, 2022

E-Commerce

TBAuctions (majority-owned by funds managed by Castik Capital, with Summa Equity as a minority shareholder) has signed a declaration of intent to join forces with Klaravik AB, a Karlstad-based online auction platform for used heavy machinery, vehicles and equipment. The transaction is an add-on consolidation aimed at accelerating Klaravik’s European expansion and scaling TBAuctions’ position as a leading online auction marketplace across Europe.

TBAuctions Acquires Auksjonen, Bjarøy Group and PS Auction as Summa Equity Joins TBAuctions

March 21, 2022

E-Commerce

TBAuctions will acquire Norwegian online auction platform Auksjonen and appraiser Bjarøy (together the Bjarøy Group) and Swedish online auction platform PS Auction to accelerate its pan‑European online auction platform expansion. Simultaneously, Summa Equity is joining as a minority shareholder in TBAuctions; PS Auction is being divested by Nordic PE firm MVI. The signings were completed on 17 March with a planned closing by the end of April, subject to approvals.

TBAuctions Acquires Surplex to Expand Across Europe

August 7, 2024

E-Commerce

TBAuctions has acquired Surplex in a transaction that closed on August 7, 2024. The deal expands TBAuctions' geographic footprint across Europe and adds deep industry vertical expertise in metal and woodworking while combining the platforms' scale, traffic and team.