Announced
Financials
Sources
Tags
Acquisition
Friendly
Private
Pending
Germany
Luxury Items
Private Equity
museum grade wall art
Majority
Single Bidder
Synopsis
LUMAS Art Editions, a company controlled by Avenso's co-founder Marc Ullrich, agreed to acquire Avenso, a multichannel player for affordable museum grade wall, from EQT Partners. Financial terms were not disclosed. "Avenso has undergone a significant transformation and is today a leading multichannel player for wall art. The management team has done an impressive job. We look forward to seeing WhiteWall develop as part of CEWE and for LUMAS to continue to prosper under the leadership of Marc Ullrich," Fredrik Åtting, EQT Partner.
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