EQT Buys Majority Stake in German Photography-Software Developer
March 28 2023 - 4:08AM
Dow Jones News
By Dominic Chopping
STOCKHOLM--Swedish private-equity firm EQT AB said Tuesday that
it has agreed to acquire a majority stake in photography-software
developer GotPhoto Company from its founders, existing angel
investors and management team, who will remain minority owners.
Founded in 2012 and headquartered in Berlin, Germany, GotPhoto
and its German brand fotograf.de offer photographers software for
photo management, photo editing, marketing automation, payment and
order fulfillment.
EQT said the company--which has over 4,000 customers--is already
one of the largest players in the workflow and e-commerce solution
market for volume photography, which is expected to grow 24%
year-on-year through 2027.
GotPhoto's management team, including its Chief Executive
Benedikt Greifenhofer, will continue to lead the company.
The deal is subject to customary conditions and approvals and is
expected to close in April.
Financial terms weren't disclosed.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
March 28, 2023 03:53 ET (07:53 GMT)
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