Summa Equity completed an investment in TBAuctions.

Summa Equity, a private equity firm, completed an investment in TBAuctions, a digital auction house. Financial terms were not disclosed. “The online auction market in Europe will show strong growth figures, and with our lead in technology we will play a prominent role in it. TBAuctions was recently acquired by funds managed by Castik Capital and is now further provided financially and strategically by shareholder Summa Equity. With these forces, we are accelerating our ambition to be the leading European online auction platform for second-hand and second chance goods," Herberth Samsom, TBAuctions CEO.