Funds belonging to the Zug-based private equity specialist sell a stake to Alibaba.com. The China-based B2B platform intends to use it to expand and grow in Europe.
Capvis has managed a coup. The Baar based private equity specialist has completed the sale of its majority stake in B2B platform operator Visable, an announcement sent by the company on Tuesday indicates.
The sales price is not being disclosed. Capvis bought a stake in Visable in 2017 and has developed into the European market leader for e-commerce platforms with the international marketplace europages based in Paris.
Alibaba.com is a subsidiary of Chinese internet giant Alibaba International Digital Commerce.With this step, Capvis cements its position internationally. It was founded in 1990 and it is now, with the significantly larger Partners Group, one of the last independent pioneer private equity firms in Switzerland as former competitors such as Zurmont and Adveq have been sold to competitors in the meantime.
Since its founding, Capvis has concluded 62 transitions corresponding to total capital of around 4 billion euros, with ten companies concluding successful IPOs.