PAPA OSCAR completes a pre-seed financing round at a multimillion euro valuation. Auxilto GmbH becomes a new shareholder.
- The investment company PAPA OSCAR increases its share capital by 25.1%. The company valuation is now a seven-digit figure.
- The new investor is the international investment company Auxilto GmbH from Frankfurt am Main.
- Former CEO of STADA AG, Hartmut Retzlaff, becomes chairman of the advisory board
- Sales and earnings target for 2018 confirmed
Frankfurt, May 28, 2018 – PAPA OSCAR Fashion Group GmbH, aninvestment company focused on early-stage investments in companies in the fashion and lifestyle sectors, has announced a financing round today. The new investor the investment company,Auxilto GmbH from Frankfurt am Main, led by Hartmut Retzlaff, the former CEO of thelisted German company, STADA AG. The company was founded in Frankfurt in 2017 and holds various shares in fashion and lifestyle companies around the world. PAPA OSCAR has managed to double its holdings within just a few months. The company’s high-performance platforms leverage the group’s strategic, operational and functional expertise by leveraging resources, capabilities and best practices to increase efficiency and profitability in its portfolio companies. For the financial year 2018, combined sales from the portfolio companies is expected to bein the one-digit millions range. “PAPA OSCAR Fashion Group has developed a unique model to ensure sustainable portfolio management for companies in early stages. We were particularly impressed by the market expertise of the start-up and management team, which we believe will be a clear differentiator in its success,”explains Hartmut Retzlaff, Managing Director of Auxilto GmbH. Tilman Rönneper, Managing Director and Attorney at Auxilto GmbH adds, “The fast pace at which the company is growing and the ingenuity in the selection of new shareholders are just as convincing as the investments themselves.” The new round of financing will enable the PAPA OSCAR Fashion Group to continue investing in additionalportfolio companies.
About Auxilto GmbH:
Founded in Frankfurt am Main, Auxilto GmbH invests in high-growth companies. The investment focus of the company is primarily in the international pharmaceutical and medical industries, but also includes secondary focus in other industries. With an investment of several million euros, Auxilto is one of the most renowned investors in the industry.
Christian Ogait, co-founder and CEO of PAPA OSCAR, commented on the financing round, “We are very proud to have one of the most renowned German business personalities on board, Hartmut Retzlaff. Auxilto GmbH has in-depth experience in international investments as well as an enormous international network and a very strong capital base. This will enable PAPA OSCAR to become a leading M&A boutique for early stage investments in fashion and lifestyle.”
About PAPA OSCAR Fashion Group GmbH:
PAPA OSCAR Fashion Group GmbH (www.papaoscar.de) was founded in 2017 by Christian Ogait and Andre Prautzsch. The company is an investment firm focused on early stage investments in fashion and lifestyle companies.
The company’s high-performance platforms leverage the group’s strategic, operational and functional expertise by leveraging resources, capabilities and best practices to increase efficiency and profitability in its portfolio companies.
With several holdings in fashion and lifestyle, the company is aiming to achieve one million euros in combined sales from its ventures in 2018.
Further information can be found at: https://www.papaoscar.de
PAPA OSCAR Fashion Group GmbH