Castik Capital completed the acquisition of TBAuctions.

Castik Capital, a manager of private equity funds focused on partnering with strong management teams, completed the acquisition of TBAuctions, an online auction house. Financial terms were not disclosed. "ATLAS is a clear differentiator for TBAuctions to drive the growth of the online auction space. "We see that other auction houses could only facilitate their growth and transition from physical auctions to online auctions by making substantial investments in their IT. Together with the support of Castik Capital we can become one of the leading European online auction platforms. I foresee continued growth of the online auction market in Europe, in which TBAuctions will play a prominent role," Herberth Samsom, TBAuctions CEO.