Ardian has acquired a stake in ProduceShop, a Swiss ecommerce platform focused on indoor and outdoor furniture in Europe. No financial terms were disclosed.
Paris, June 8, 2020 – Ardian, a world leading private investment house, announces the acquisition of a stake in ProduceShop, a Swiss e-commerce platform specialized in the production and sale of indoor and outdoor furniture in Europe.
Launched in 2015, ProduceShop has an innovative sales model that allows it to combine prestigious brands with its own brands through analytical tools that anticipate the demands of European customers. With this self-financed growth model, the e-commerce platform has managed to triple its turnover in less than three years by selling more than 50% in very competitive markets such as France, Germany and the UK.
The founders commented: “We have ambitious internationalization plans for ProduceShop. Our development model is unique from a technological point of view; we are a 3.0 e-commerce company. Ardian Growth is the ideal partner for this operation: their experience in e-commerce has made a difference.”
Laurent Foata, head of Ardian Growth, added: “The talent and vision of the founders combined with a determined and competent team convinced us right away.”
In addition to providing support thanks to Ardian Growth’s network and know-how in helping growing companies, this partnership aims to accompany ProduceShop in its strategy of conquering and penetrating new international markets.”
Romain Chiudini, Director at Ardian Growth, concluded:
“With ProduceShop, we have identified a radically innovative approach to online sales thanks to their data-driven strategy. This confirms our willingness to support the development of ProduceShop towards international and exponential growth, all alongside an extremely talented team.”
ProduceShop is a dynamic and technological E-Commerce, specialized in the production and sale of indoor and outdoor furniture in Europe.A careful selection of products is made to make it easier for the user to choose online. ProduceShop preselects the best products for value for money, making it easier for the customer to purchase furniture and garden items, accessories, lighting products, swimming pools, toys for children, items for bathing resorts, and much more. This variety of products, together with the attention to quality and design, has allowed our e-Shop to become a leader in the sector with thousands of daily shipments throughout Europe and thousands of customers served.
Ardian is a world-leading private investment house with assets of US$96bn managed or advised in Europe, the Americas and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base. Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world. Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 680 employees working from fifteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo and Seoul). It manages funds on behalf of around 1,000 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt. www.ardian.com