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02.10.2019 | 11:09 Uhr

SIGNA Sports United expands its shareholder circle with R+V Insurance Group

Financial investor will acquire an 11.6% share of Europe's #1 sports online platform through a capital increase +++ The capital increase will flow into the company and further strengthen the financial power of SIGNA Sports United

Berlin, 02.10.2019 – The SIGNA Sports United Group continues its growth strategy and expands its shareholder base with one of Germany’s largest insurance companies, the
R+V Insurance Group.
As part of a capital increase, R+V takes over 11.6% of the sports online platform as a financial investor. As a joint shareholder, the largest Japanese retail group AEON also acquires a proportionate share of the capital increase. The main shareholder SIGNA also participates and has subscribed for new shares.

“With R+V Insurance Group, we are delighted to have gained a highly reputable joint shareholder with a long-term orientation for SIGNA Sports United. The additional capital will significantly increase our strategic financial strength on our way to becoming the leading sports experience platform,” says Mike Özkan, representative of the main shareholder SIGNA and board member of SIGNA Sports United.

Timm Hoeynck, Head of R+V’s Portfolio Management Department: “With this investment, we are participating in an exciting, strong-growth company in a highly attractive market. As a partner, we look forward to supporting the strategic development of SIGNA Sports United in the long term.“

About SIGNA Sports United

SIGNA Sports United is Europe’s leading sports e-commerce platform. In the past fiscal year, with over 200 million platform hits and over 3 million active customers, organic sales growth is over 20%, with stable margins. Under the umbrella of SIGNA Sports United, the leading online shops for bike, tennis, outdoor, team sports and athleisure are supported by a comprehensive platform for marketing, logistics, IT and business intelligence.