Features
German Infrastructure Giant Evago Group Secures Investment
– A deal to secure Evago’s future growth
From left: Bernd Loy (COO Evago), Goran Marincic (CEO Evago), Dominic Faber (CEO KKA) and Lorenz Schmid ( CFO Evago)
Evago Group, which provides a range of industry services including event infrastructure solutions, has secured an undisclosed investment from KKA Partners.
The money will be invested into growing Evago Group’s worldwide footprint. While Evago also deals in real estate, media & marketing and other industries, the group’s event-focused businesses will form the foundation for investments for KKA Partners.
The company acquired Mojo Barriers, the supplier of aluminium stage barrier systems and other products and services for live events, in 2017. It also owns German event suppliers BÜMO and IEP.
Evago Group CEO Goran Marincic said: “With KKA Partners, we have found the perfect partner for our market and ambitious growth plans. With existing capital resources and access to more multi-billion investment funds, provided by national and international pension funds, insurance companies and family offices, we have the opportunity to achieve our vision much faster in this ever-changing business.”
Big tours rely on suppliers with multiple offices across the world, which reduces costs and delivery times, when a tour travels from country to country. Marincic plans on using the KKA money to accommodate that need: “In the near future we plan to make strategic add-on acquisitions and open further national and international locations in line with our ‘one-stop shop’ solution concept to further expand the worldwide network of Evago. As a result, we will offer even more attractive products and services to our customers whilst increasing efficiency as well as the Group’s market share.”
German Infrastructure Giant Evago Group Secures Investment
Evago Group, which provides a range of industry services including event infrastructure solutions, has secured an undisclosed investment from KKA Partners.
The money will be invested into growing Evago Group’s worldwide footprint. While Evago also deals in real estate, media & marketing and other industries, the group’s event-focused businesses will form the foundation for investments for KKA Partners.
The company acquired Mojo Barriers, the supplier of aluminium stage barrier systems and other products and services for live events, in 2017. It also owns German event suppliers BÜMO and IEP.
Evago Group CEO Goran Marincic said: “With KKA Partners, we have found the perfect partner for our market and ambitious growth plans. With existing capital resources and access to more multi-billion investment funds, provided by national and international pension funds, insurance companies and family offices, we have the opportunity to achieve our vision much faster in this ever-changing business.”
Big tours rely on suppliers with multiple offices across the world, which reduces costs and delivery times, when a tour travels from country to country. Marincic plans on using the KKA money to accommodate that need: “In the near future we plan to make strategic add-on acquisitions and open further national and international locations in line with our ‘one-stop shop’ solution concept to further expand the worldwide network of Evago. As a result, we will offer even more attractive products and services to our customers whilst increasing efficiency as well as the Group’s market share.”