Pale Fire Capital has acquired a majority stake in the Czech auction portal Aukro.cz for over 100 million CZK, aiming to revitalize its operations amid declining revenues.
Information on the Target
Pale Fire Capital has acquired a majority stake in the domestic auction portal, Aukro.cz, for more than 100 million CZK. Aukro.cz boasts over four million registered users, marking it as a significant player in the auction platform sector in the Czech Republic.
Despite its large user base, Aukro.cz has experienced a notable decline in revenue over recent years, dropping from six billion CZK annually seven years ago to just 1.5 billion CZK last year, highlighting a challenging market landscape.
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Industry Overview in the Czech Republic
The online auction market in the Czech Republic has witnessed considerable evolution over the past decade. Initially thriving, consume
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Pale Fire Capital
invested in
Aukro.cz
in 2019
in a Other Private Equity deal
Disclosed details
Transaction Size: $4M
Revenue: $67M