DGAP-News: Willkie Farr&Gallagher LLP: Willkie advises Palamon on its sale of cadooz to strategic buyer Euronet
(firmenpresse) - DGAP-News: Willkie Farr&Gallagher LLP / Key word(s):
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Willkie Farr&Gallagher LLP: Willkie advises Palamon on its sale of
cadooz to strategic buyer Euronet
03.08.2011 / 11:03
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Palamon Capital Partners ('Palamon'), one of Europe's leading mid-market
private equity firms, has agreed the sale of cadooz AG ('cadooz' or 'the
Company') to Nasdaq-listed strategic buyer, Euronet Worldwide, Inc
('Euronet'), a leading global provider of transaction solutions,
headquartered in Leawood, Kansas, USA.
cadooz, headquartered in Hamburg, is Germany's largest full-service
provider of vouchers, innovative merchandise and incentive solutions and
serves more than 3,000 corporate customers across a range of industries in
Germany, Austria and Poland. The Company offers a broad range of
multi-choice gift certificates and cards that can be redeemed at more than
250 leading retailers at high street locations, online stores or using
mobile phone applications. Palamon invested in cadooz in 2006, having
recognized the trend that innovative voucher and gift card solutions were
replacing traditional merchandise, cash and travel incentives as they
stimulate sales and increase loyalty.
During Palamon's ownership, cadooz achieved compound annual growth of its
revenue of more than 50% through significant expansion into new customer
segments, launching new product lines and broadening its geographic reach.
This was achieved both through organic and acquisitive growth. In parallel,
efficient operating procedures were developed and processes were automated
through the implementation of advanced IT solutions.
Following the transaction, CEO Florian Welsch and his management team will
continue to lead cadooz.
The Willkie team advising Palamon was led by Dr. Stefan Joergens
(Corporate/Private Equity, Frankfurt)and included partners Mario Schmidt
(Corporate/Private Equity, Frankfurt), Morgan Elwyn (Corporate, New York),
Mark Getachew (Corporate, New York), Dr. Bettina Bokeloh (Tax, Frankfurt),
Rolf Huenermann (Antitrust/Corporate, Frankfurt) and associates Dr.
Stephanie Schmidt-Ehemann (Corporate, Frankfurt), Dr. Octávio de Sousa
(Corporate/Private Equity, Frankfurt), Marco Müller (Corporate/Private
Equity, Frankfurt), Tej Prakash (Corporate, New York), Jochen Riechwald
(HR, Frankfurt) and Dr. Maximilian Schwab (Corporate/Private Equity,
Frankfurt).
Willkie Farr&Gallagher LLP is an international law firm of over 630
attorneys with offices in New York, Washington, Paris, London, Milan, Rome
Frankfurt and Brussels. The firm's headquarters are in New York at 787
Seventh Avenue, Tel.: 001 212 728 8000.
Frankfurt, August 2, 2011
End of financial news
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134241 03.08.2011
Datum: 03.08.2011 - 11:03 Uhr
Sprache: Deutsch
News-ID 41172
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