Alteri Investors, a London based retail investor, has acquired Versandhaus Walz for an undisclosed sum. Walz is a multichannel retailer based in Bad Waldsee, near Munich. It operates various brand including Baby-Walz , waltzvital, Mirabeau and Moderne Hausfrau. The transaction also includes right-sizing the business’ capital structure and a significant capital infusion by Alteri to fund the group’s working capital requirements, as well as a degree of corporate restructuring. Previously Alteri acquired the debt in Puccini Holding from a consortium of lenders.
Gavin George, CEO, Alteri said “Walz is a retail group with strong brand awareness, an experienced management team and great potential. Now that the business has an appropriate capital structure, we’re extremely confident that we can support Mike Weccardt and his team to achieve Walz’ full potential.”
Share