EQT Sells Avenso; WhiteWall Brand Divested to CEWE

April 30, 2019

EQT Mid Market has agreed to sell Avenso GmbH to LUMAS Art Editions GmbH, a company controlled by Avenso co-founder Marc Ullrich. At the same time Avenso will divest its WhiteWall business to CEWE Stiftung & Co. KGaA; financial terms were not disclosed and the transactions are subject to customary approvals.

Buyers
LUMAS Art Editions GmbH, CEWE Stiftung & Co. KGaA
Targets
Avenso GmbH, WhiteWall (business / WhiteWall Media GmbH)
Sellers
EQT Mid Market (EQT), Avenso GmbH
Industry
Retail
Location
Berlin, Germany
Transaction Type
Buyout

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