Announced
Completed
Financials
Tags
E-commerce
e-commerce
Private Equity
Completed
Majority
Friendly
Single Bidder
Acquisition
Private
Germany
Cross Border
Synopsis
Keensight-backed Smile Group, a platform that builds internet businesses through incubation, completed the acquisition of creativestyle, an e-commerce agency. Financial terms were not disclosed. “Entering the German market is key to strengthening Smile’s leadership in the open-source industry in Europe and we believe that building a European open-source digital champion strongly benefits our clients and partners. creativestyle has demonstrated a fast industrial growth, especially thanks to its Polish capacities and its straightforward, high-level expertise. Smile & creativestyle share a similar company culture and mindset which have been key in building this partnership. We are looking forward to working with creativestyle’s outstanding managers & teams," Marc Palazon, Smile Group CEO.
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