- Sector: Media & Internet
- Deal Type: Public Deals
- Engagement type: Sellside
- Size: $1,300 million
Arma Partners is pleased to announce that it has acted as strategic advisor to Desenio on its Private Placement and subsequent Nasdaq First Growth Market Listing valuing the company at approximately $1.3bn.
Desenio Group is a digitally native direct-to-consumer eCommerce brand with a leading position in the global market for affordable wall art. Headquartered in Stockholm, it offers its customers a unique and curated assortment of 6,000+ designs, frames and accessories, shipping to 35+ markets internationally with 3m+ active customers. Leveraging a data-driven strategy both for the creation of art and for attracting new customers, Desenio has grown rapidly and profitably since 2015. In 2020, Desenio acquired Poster Store – a Swedish competitor in the affordable wall art segment – to cement its position as the European leader. The combined Group today has 210+ employees, approximately $155m in revenue and has averaged EBITDA growth of 65% p.a. over the last five years.
Desenio Group celebrated its first day of trading on the Nasdaq First North Growth Market on 25 February 2021. In connection with the listing, certain existing shareholders of Desenio carried out a Private Placement of existing shares, which was oversubscribed and attracted strong interest from institutional and other high-quality investors, valuing Desenio Group at approximately $1.3bn.
This transaction highlights Arma Partners’ deep sector expertise in Internet and eCommerce as well as provision of strategic advice to Boards on complex, sizeable transactions.