Consortium acquires minority stake in Wishcard Technologies Group
Düsseldorf/ Frankfurt — On the way to No.1 gift certificate in Europe, the German pioneer Wishcard Technologies Group continues to grow in the multicoupon business and has been able to attract new investors for its business model. With EMZ Partners and IK Investment Partners joining existing investor Oakley Capital, Joh. Berenberg, Gossler & Co. KG and another investor who support the growth targets for the coming years. The parties have agreed not to disclose details of the financing.
In order to further accelerate its expansion course, Wishcard Technologies is strengthening its management team with immediate effect with Dr. Andreas Betzer (photo right, ©Wishcard Technologies Group). Together with COO Verena Argauer (photo left), the Palatinate native forms the new dual leadership at Wishcard Technologies as CEO.
Wishcard, primarily through its Wunschgutschein brand, is a leading consumer technology company in the gift certificate market in German-speaking countries. The unique gift certificates can be purchased at over 110,000 retail outlets and offer B2B gift solutions for business customers. Since its founding in 2014, more than 60 million vouchers have been delivered to B2B and B2C customers in the DACH region and Italy.
Berenberg was founded in 1590 and is today one of Europe’s leading private banks with its Wealth and Asset Management, Investment Bank and Corporate Banking divisions. The Hamburg-based bank is managed by general partners and has a strong presence in the financial centers of Frankfurt, London and New York.
Gibson, Dunn & Crutcher LLP has appointed Joh. Berenberg, Gossler & Co. KG in connection with the financing of an investment in Wishcard Technologies Group (“Wishcard”) by an investment consortium consisting of EMZ Partners, IK Partners and Oakley Capital.
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