Ad Scheepbouwer buys fonQ
Investment fund AJS Holdings of Ad Scheepbouwer will take over FonQ department store from RFS Holland Holding. The parties have just announced that they have reached agreement on the transaction. AJS and fonQ's management become the new shareholders. How much money is involved in the takeover, they keep for themselves
Investment fund AJS Holdings of Ad Scheepbouwer will take over FonQ department store from RFS Holland Holding.
The parties have just announced that they have reached agreement on the transaction. AJS and fonQ's management become the new shareholders. How much money is involved in the takeover, they keep for themselves.
RFS Holland started the sales process at the beginning of this year. Several parties have since then reported and participated, says director Patrick Kerssemakers to Emerce . The match with AJS was the best. "Ad Scheepbouwer also has a personal interest in fonQ. In his time as a shareholder of RFS, they bought us. "
Scheepbouwer says in a press statement: "The e-commerce market is not yet mature, so there is room to take a further position and grow here. In fonQ I see a distinctive proposition and I know an organization with a lot of ambition and potential for the future. I want to help the management to capitalize on this potential. "
The former director of, among others, TNT and KPN had forty percent of the shares when RFS Holland was sold for 450 million euros to the English Apax. That took place in July 2015. In 2016, the new owner replaced Wehkamp's management, Create2Fit sold back to the founder and now (partially) also with fonQ.
In November 2015, the investor also sold its 33-percent stake in Fox-IT for approximately forty million euros.
Kerssemakers: "We were already a standalone organization so no processes have to change. Our strategy is that we continue to focus on the Living, Cooking and Lifestyle segments. Maybe more than we did. We are now running top days. I was still packing up until two o'clock tonight. When the big crowds are over, we will look again at the future together.
FonQ recorded a turnover of 48 million euros in 2013, 64 million in 2015 and expects to close this year with a sales volume of 82 million euros.
The management consists of Patrick Kerssemakers (general manager), interim CFO Jan-Noud Hutten, Joost Wels as director of E-commerce and Jeremiah Albinus, who fulfills the function of Director of Marketing.
Their Dutch site has 27.5 million visitors, served by 250 employees. The company is active in the Netherlands, Belgium, France, Germany and Austria with its own webshops. It is also active in England and Spain via Amazon.