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Acton acquires stake in mytheresa.com - premier online retailer of luxury designer fashion


Munich, 19 January 2010 - Acton Capital Partners has acquired a stake in Munich-based mytheresa.com, one of the leading international online retailers of luxury women's fashion and accessories (www.mytheresa.com). This marks a further investment by the growth equity fund, also based in Munich. Acton has acquired a minority interest in mytheresa.com GmbH by way of capital increase, and thus far is the sole financial investor. The remaining shares are held by the founders and managing directors. The terms of the deal were kept confidential. The company which has been established in 2006 will use the funds to build on its market-leading position in Germany and to accelerate business growth abroad.

Collection of over 120 luxury brands

Christoph and Susanne Botschen, mytheresa.com's founders, have more than 20 years of fashion industry experience and close links to luxury brands. mytheresa.com carries the current collections of over 120 luxury brands, including Burberry Prorsum, Christian Louboutin, Marc Jacobs, Miu Miu, Tod's and Yves Saint Laurent. mytheresa's unique selection and first-class customer service are the reasons why mytheresa.com has established itself as a premier international source of exclusive women's fashion and accessories. Personal fashion advisors dispense shopping advice by phone, and worldwide express shipments keep delivery times to a minimum.

Global customer base

With its multilingual website and customer service department, the e-commerce operation is completely focused on serving its global customer base. mytheresa.com has buyers on all five continents and generated revenue last year in the tens of millions of Euros.

'mytheresa.com enjoys a superb position in a large and fast-growing market,' explained Jan-Gisbert Schultze, Managing Partner at Acton Capital Partners. The global market for luxury women's fashion and accessories is currently worth approximately 30 billion Euros worldwide. Today's online penetration of 2-3 percent is low compared with other retail sectors and is expected to grow substantially over the next few years. 'mytheresa.com has built a great team, combining many years of industry experience and relationships with outstanding international e-commerce expertise,' added Mr Schultze.


About Acton Capital Partners:

Acton Capital Partners(www.actoncapital.de) is an independent, owner-managed growth-equity investor in the Internet and mobile communications sector. The investment focus of the Heureka Growth Fund, established in 2008, is consumer-oriented business models in media, e-commerce and online marketplaces. Acton invests worldwide, with Europe as its main focus. Funding comes from international private and institutional investors. The company's current portfolio includes Glasses Direct, a British online prescription glasses retailer, and mytheresa.com. In addition, Acton manages 16 portfolio companies within the closed BDV fund.

Acton Capital Partners was founded in 2008 by Christoph Braun, Paul-Bernhard Kallen, Jan-Gisbert Schultze and Frank Seehaus. Before establishing their own independent business, the four partners worked successfully together for many years at the Hubert Burda Media group. From 1999 onward, they acquired stakes for Burda Digital Ventures GmbH in over 40 Internet-related businesses, which they managed with great success. The best-known of these investments include Abebooks, Alando, Ciao, Holidaycheck, Onvista and Zooplus.

Media enquiries:
Anja Seipp
Tel. +49 89 2421887 22
Email: press@actoncapital.de
Web: www.actoncapital.de


Publisher Contact Information:

Acton Capital Partners
+49 89 2421887 22
press@actoncapital.de

Company profile of mytheresa (acquired by Neiman Marcus Group)
Past press releases of mytheresa (acquired by Neiman Marcus Group).

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