Razor Group Announces US$400 Million in Debt and Equity Financing
May 04, 2021
- Victory Park Capital, BlackRock and existing shareholders invest $400m in debt and equity in Razor Group.
- The funding will be used to further accelerate the acquisition of top-ranked Amazon FBA businesses and expand into other market places across Europe, the US and further global growth markets.
Berlin, May 4, 2021 – Razor Group announced that it has secured US$ 400 million in debt and equity financing from funds and accounts led by Victory Park Capital (“VPC”) with participation by BlackRock as well as its existing shareholders. Razor Group acquires and operates online marketplace merchants, with a focus on category-leading Amazon FBA sellers. With VPC and BlackRock, Razor is adding two renowned global investors with extensive track-records in supporting eCommerce market leaders to its shareholder group, which Razor believes will allow the company to further cement its leadership position in Europe and beyond.
“Our ability to attract world-class investors such as VPC and BlackRock is a function of our demonstrated ability to execute at lightning speed. In turn, this execution speed is a function of our focus as well as our proprietary technologies, which enable us not only to identify the best acquisition targets at scale but also to integrate the companies and drive operational excellence across functions.” said Tushar Ahluwalia, CEO and Co-Founder at Razor Group.
Razor has built a diversified portfolio of FBA brands across Europe and the US operating in multiple categories, including Sports, Home & Living and Personal Wellness.
“Our M&A capabilities are a key differentiator – we are already able to execute up to 10 acquisitions per month, but likely even more important have been able to establish Razor as a trusted brand and partner in the merchant community, which is the foundation of our success.” said Christoph Gamon, SVP Finance and Co-Founder at Razor Group.
“We are excited to partner with Tushar, Chris and the rest of the Razor Group team. The ability to identify, underwrite, integrate and ultimately create tangible value across a broad suite of eCommerce assets is a real competitive advantage in the marketplace,” said Tom Welch, Partner at VPC.
“We are pleased to make this investment in Razor Group to support the company’s strong growth momentum as it continues to diversify its portfolio of brands and expand into new markets,” said Dan Worrell, Managing Director at BlackRock.
The company previously raised US$ 70 million in growth capital. Previous investors include 468 Capital, Red Alpine, Presight Capital, Rocket Internet and Claret Capital Partners.
About Razor Group
The Razor Group GmbH (“Razor”) was founded by e-commerce experts and serial founders Tushar Ahluwalia, Jonas Diezun, Christoph Gamon, Shrestha Chowdhury & Dr. Oliver Dlugosch. The Berlin-based company acquires profitable Amazon FBA businesses and other online marketplaces sellers which have consistently demonstrated superior product quality, outstanding customer satisfaction and sharp business acumen. Razor pairs significant growth capital with extensive e-commerce expertise, thereby ensuring that the acquired businesses reach the next stage in their development. Razor defines itself as consumer goods holding with a clear strategic focus on specific product categories, long-term value creation and world-class customer satisfaction.
Razor has a team of 107 people across its offices in Berlin (Germany), Austin (US), London (UK) and New Delhi (India), the latter being its technology and knowledge hub. Existing shareholders include 468 Capital, Redalpine, Presight, Rocket Internet, Claret and Mato Peric who combined invested US$ 70 million in Razor in previous funding rounds.
For more information: www.razor-group.com
Contact: Tushar Ahluwalia, firstname.lastname@example.org
About Victory Park Capital
Victory Park Capital invests in emerging and established businesses across various industries in the U.S. and abroad. The firm’s differentiated offerings leverage an extensive network of industry relationships, disciplined deal origination, creative financing capabilities, broad credit structuring and special situations expertise. The firm was founded in 2007 and is headquartered in Chicago with additional resources in New York, Los Angeles and San Francisco. VPC is privately held and a Registered Investment Advisor with the SEC. For more information, please visit www.victoryparkcapital.com.
Contact: Jordan, Niezelski, Edelman, Jordan.Niezelski@edelman.com