Transaction summary

AMSTERDAM, 25 November, 2021 –  TBAuctions acquires the shares of Vavato. Vavato is a leading Belgian online auction house founded in 2015 by three Belgian entrepreneurs. The company has approximately € 65 million net annual action sales and has historically grown with 100% per annum. Vavato will be acquired in a combination of cash and shares in TBAuctions, thereby the shareholders of Vavato will become shareholder in TBAuctions.

In the new constellation, the brands of TBAuctions and Vavato will continue to exist separately, each with its own website and identity. The founders and financial director of Vavato will also continue to build on the development and growth trajectory of Vavato.

Emendo Capital acted as financial adviser to TBAuctions.

About Vavato

Vavato is a high-end, online auction house specialising in industrial goods, webshops returns, overstock and insolvency goods, founded by three entrepreneurs in 2015.

The company is headquartered in Sint-Niklaas, Belgium, and offers its clients an exceptional online experience with an innovative platform also compatible with mobile devices. Vavato converts overstock in cash, facilitating new investments faster.

For additional information on Vavato, visit https://vavato.com/en/homepage

About TBAuctions

TBAuctions is a leading online auction house that is active in 10 European countries with € 440 million net annual auction sales. TBAuctions operates under multiple brands including Troostwijk for industrial goods and BVA Auctions focused on consumers and SME. TBAuctions’ state-of-the-art online platform auctions goods and real estate on behalf of public authorities, relief organisations such as the UNHCR, banks, receivers, lease companies, marketplaces, traders, industrial companies and other businesses.

For additional information on TBAuctions, visit https://tbauctions.com/

About Bencis

Bencis is an independent investor that supports owners, entrepreneurs and management teams in realizing their growth ambitions, both organically as well as via acquisitions.

Since its inception in 1999, Bencis has invested in 62 companies with an average transaction value of c. € 60 million. Furthermore, Bencis has acquired over 190 companies as add-ons to these companies. The current portfolio consists of 24 companies with a combined turnover over € 1.9 billion and that together employ approximately 9,600 employees.

For additional information on Bencis, visit https://www.bencis.com/en/