PublishedOctober 19, 2021, 4:31 pm
Investors Ralph Dümmel and Georg Kofler are competitors in the “Lions’ Den”. But now they are joining forces on a business level. But the deal raises questions.
Ralf Dümmel and Georg Kofler are known as investors in the TV program “Höhle der Löwen”.
Now Dümmel has sold his consumer goods group to Kofler.
The takeover price of over 220 million euros is quite low in view of the sales.
Dümmel gets a new job in the new company.
You are both on the jury of the TV show “Höhle der Löwen” and snatch start-ups from each other to invest: the entrepreneurs Ralf Dümmel and Georg Kofler. But now the two investors are joining forces in the business world.
The 54-year-old Dümmel sold his consumer goods empire to the 64-year-old Kofler, as various German media reported on Tuesday. With his company Social Chain, Kofler is said to have given Dümmel around 220.5 million euros for the DS Group.
New tasks for dummies
Dümmel now receives new tasks. As a member of the board, he will be responsible for the areas of product, purchasing, trade marketing, logistics and sales in the new company structure. His DS Group, based in Hamburg, with its 550 employees is expected to generate sales of over 270 million euros this year.
According to reports, the purchase price is very low in relation to sales. Therefore, the deal raises questions. Because: Normally, a takeover price in the industry is many times higher than the turnover.
Georg Kofler’s Social Chain would now like to sell the newly acquired products and brands more intensively through its core area, social avoidance. Dümmels Group has over 700 brands and is in possession of numerous patents and registered designs.
Both companies together are now aiming for an annual turnover of 620 million euros. The social chain is to be listed on the Frankfurt Stock Exchange this year. The price of the paper jumped after the announcement of the takeover by over ten percent.
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