Arma Partners advises Summa Equity on its co-investment in TBAuctions
Arma Partners is pleased to announce that it has acted as exclusive financial advisor to Summa Equity on its co-investment in TBAuctions. As part of the transaction, Summa Equity will merge Auksjonen.no and PS Auction, two leading auction platforms in the Nordic markets, as well as appraiser Bjarøy, with TBAuctions.
Headquartered in Amsterdam, TBAuctions is a leading online auction platform and marketplace for second-hand and second chance goods with 13,000 auctions comprising 2.75 million lots per year and over 10 million website visitors per month, making it one of Europe’s largest online auctioneers. The addition of Auksjonen.no (one of Norway’s largest auctioneers), PS Auction (a leading Swedish auction house), and appraiser Bjarøy, will extend TBAuctions’ market-leading offering into the Nordic markets, support the development of its platform across Europe and enable further M&A.
The newly enlarged group will play an important role in the global move towards a circular economy by finding new homes for second-hand and second chance goods.
This transaction underscores Arma Partners’ role as a leading advisor to online marketplace companies and their investors throughout Europe, demonstrates our focus on ESG and highlights our successful track record in the Benelux and Nordic regions.