DGAP-News: AURELIUS Equity Opportunities SE & Co. KGaA / Key word(s): Disposal
AURELIUS subsidiary Scholl Footwear sells its Australian distribution business to Global Footcare Group
Munich / Melbourne / Milan, September 21, 2020 - Scholl Footwear, a subsidiary of AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8), is selling its Australian distribution business to the Global Footcare Group based in Coomera, Queensland, Australia. Global Footcare is a strategic buyer and specializes in the distribution and marketing of comfort footwear. The company will drive sales of Scholl shoes in Australia and New Zealand, via wholesale and specialist channels like pharmacy, health professionals, as well as sports and shoe retail outlets.
The sales transaction is part of Scholl Footwear's global strategy of leveraging strong regional partners and industry specialists to generate additional growth and further improve earnings through licensing and distribution partnerships.
In Europe, Scholl Footwear operates from its headquarters in Milan, Italy, from which design and collection development, marketing, distribution and licensing activities are managed. Its Asian business is driven via the APAC hub, with the expansion of licensing partnerships playing the leading role.
"Global Footcare is the most capable partner for marketing our products in Australia and New Zealand, especially in view of its already long established partnership as a Scholl Footwear distributor across the medical channel in Australia and New Zealand as well as its local presence and proximity to customers. We're looking forward to working jointly on future growth," said Tobias Klaiber, the responsible executive for Scholl Footwear. "We're considering similar concepts for other markets in the APAC region as well."
AURELIUS Group is a pan-European investment group with offices in Munich, London, Stockholm, Madrid and Amsterdam. Since it was founded in 2006, AURELIUS has grown from a local turnaround investor to an international multi-asset manager.
AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8, ticker symbol: AR4) is the listed entity within AURELIUS Group and focuses on investing in mid-market corporate carve-outs and platform build-ups in a broad range of industries. With a team of approximately 100 in-house operations experts, AURELIUS actively supports its portfolio companies in their long-term development. AURELIUS Equity Opportunities currently has 24 portfolio companies located across Europe which employ around 13,000 people and generate annual revenues of approx. EUR 3.0 billion. The shares of AURELIUS Equity Opportunities are traded on all German stock exchanges.
AURELIUS Group also operates in the areas of growth capital, real estate opportunities and debt. AURELIUS Growth Capital invests in leveraged buyouts usually in succession or corporate spin-off situations. AURELIUS Real Estate Opportunities focuses on real estate investments, the value of which can be increased in the long-term by means of active management. AURELIUS Finance Company is an alternative direct lender, focused on providing flexible debt solutions to small and mid-market firms across Europe.
With its group charity AURELIUS Refugee Initiative e.V., AURELIUS provides comprehensive support for refugees on their way towards a better life.
To find out more, visit www.aureliusinvest.de.
21.09.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
AURELIUS Equity Opportunities SE & Co. KGaA
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