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PeakSpan Capital led a €28m Series B funding round in Salonkee.

Financials

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Transaction Value£24m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Luxembourg

hair and beauty industry

salon management

Cosmetics

Acquisition

Private Equity

Minority

Venture Capital

Cross Border

Private

Completed

Friendly

Single Bidder

Synopsis

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PeakSpan Capital, a private equity firm, led a €28m Series B funding round in Salonkee, a European salon management solution and booking platform for the hair- and beauty industry. “The Salonkee team identified a massive market opportunity in Europe early on, characterized by a highly-fragmented landscape of competitors with no clear market leader and a suite of outdated or simplistic solutions. The team has demonstrated an incredibly impressive track record of rapid, capital efficient growth and has been surgical in deploying a well-defined scaling playbook to methodically expand to new European markets and quickly establish market leadership and penetration. The go-to-market engine the team has built is one of the more well-oiled machines we’ve seen, and has driven tremendous growth with remarkable predictability and consistency. We’re privileged to partner with Salonkee to capitalize on the opportunity to further extend its leadership position in the highly strategic European market.” Matt Melymuka, PeakSpan Capital Co-Founder and Managing Partner.

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