EQT Growth to acquire GotPhoto, a leading vertical software platform helping photographers spend less time behind their desk and more time behind the lens - Seite 3

GotPhoto Co-Founder and former CEO Markus Posselt, who will transition to GotPhoto's Advisory Board, commented: "I'm very happy that with EQT Growth we have found an ideal partner for GotPhoto's next stage of growth. Not only was EQT our preferred partner of choice given their global scale, strong value-add capabilities, and sub-sector expertise across software and prosumer technology investments, but also given the great cultural fit with the EQT team and their alignment of vision and values with ours."

Dominik Stein, Partner in the EQT Growth Investment Advisory Team who will also join GotPhoto's Advisory Board, concluded: "GotPhoto is a prime example of a technology company supported by long-term macro trends and led by an excellent management team that is ready to embark on the next phase of its growth journey. Benedikt and the entire GotPhoto team have accomplished so much, having to-date been entirely bootstrapped, and we are delighted to partner with them as we continue to build on GotPhoto's market-leading position in the US, UK, and DACH."

The transaction is subject to customary conditions and approvals. It is expected to close in April 2023.

BCG, PwC, Willkie, Awelin, Netlight, and Aon served as advisors to EQT Growth.

Stout, KPMG, and Springer Kuss served as advisors to GotPhoto.

Contacts

Finn McLaughlan, [phone], [e-mail] 

EQT Press Office, [e-mail], [phone]

 

The following files are available for download:

https://mb.cision.com/Main/87/3741838/1945950.pdf	PR_EQT Growth to acquire GotPhoto_230328
https://news.cision.com/eqt/i/gotphoto-team,c3160757	GotPhoto team

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