Private equity firm Paragon Partners agreed to acquire a majority stake in Sovendus, a German e-marketing company, from Bregal Unternehmerkapital. Financial terms were not disclosed. "We are deeply impressed how Oliver Stoll and Michael Kofluk established Sovendus as a relevant performance channel with directly measurable success for its partner merchants. Sovendus’ tools are an intuitive win-win for shops and end customers," Krischan von Moeller, Managing Paragon Partner.