Forward support Auction Technology Group’s acquisition of Lot-tissimo

Forward Corporate Finance is pleased to announce the acquisition of the German art & antiques portal, Lot-tissimo.com by Auction Technology Group (ATG), an ECI Partners portfolio company.

Founded in 2002 by Jörg Wisniewski, Lot-tissimo is based in Hamburg, Germany. Initially focussed on auctions in Germany and Austria, the portal now lists art and antiques auctions from across Europe. In 2010 Lot-tissimo collaborated with ATG and launched its own live bidding service utilising technology provided by ATG.

The acquisition allows the combined businesses to invest even more heavily in technology, spend more on marketing to bring even more bidders and streamline processes to save auctioneers and bidders both time and money. Already sharing the same live bidding technology, the acquisition allows auctioneers to list and webcast their sales on Lot-tissimo.com, auction.fr and thesaleroom.com using one single operator app. The group will invest further to deliver fully integrated services to the German marketplace, adding new tools to improve efficiency for auctioneers and bidders.

Anne Somers, Deputy Chairman of ATG commented, “Forward provided valuable support to us in completing this transaction. Working with Jörg, the ATG team and ECI Partners, Sarah pulled together all the financial information in a format that enabled us to clearly see the business performance and trends, and help us to perform our due diligence.”

For Forward, this continues our work supporting private equity firms and their portfolio companies, following the acquisition of Zog by Investis, another ECI Partners company, and the acquisition of Wireless Innovation Limited by Lyceum Capital in 2017.

Sarah Moores, Director at Forward commented “Having worked with private equity for a number of years we know what is needed, so we can work quickly and efficiently to draw information together and present it in a way that helps our client make their decisions. Lot-tissimo gives ATG a great platform in Europe and we wish them every success in the future.”

For more information please contact:

Sarah Moores, Director
Tel: 01279 215 558
Mob: 0780 961 0401
Email: sarah@forwardcf.co.uk

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