Pechel Industries and co-founders have sold Private Sport Shop to Bridgepoint

Lincoln International is pleased to announce that Bridgepoint Capital Development has completed the acquisition of a majority stake in Privatesportshop, with its two founders and Pechel Industries remaining minority shareholders. The arrival of Bridgepoint will allow to accompany the founders in their progressive managerial transition and to accelerate the Group development.

Privatesportshop (PSS), headquartered in Montpellier, France, is a leading online platform for sports goods in Europe with a virtuous and scalable Flash Sales model. Founded in 2011, the company has been growing at c. 40% CAGR over the last 5 years and generated sales of approx. €90 million with a team of over 180 people. Privatesportshop benefits from a qualified audience of 8 million members with a presence in France, Spain, Italy and the UK. The company’s Flash Sales model offers a unique two-sided value proposition for (i) sports brands, with the management of excess inventory and the capacity to sell high volumes in a short timeframe, and for (ii) customers, with its disruptive prices (40% to 80% discount) and a larger and premium offer than traditional e-commerce and brick-and-mortar retailers (more than 2,700 brands covering 100 sports).

Guillaume Bertel and Benoit Durand, founders of Privatesportshop, commented: “Bridgepoint convinced us by their fine understanding of PSS’ stakes and knew how to address our expectations in term of managerial transition. We are convinced that Bridgepoint’s global network and means are the most relevant to accompany the development of PSS, particularly at the international level”

Lincoln International acted as the exclusive investment banking advisor to Privatesportshop, working closely with Pechel Industries and the management team throughout the sale process to provide advisory expertise and manage the marketing, due diligence and negotiation phases of the transaction.

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