ACQUIRED BY
The shareholders of Digital Heaven have sold all of their shares to RM Equity Partners. The deal adds a profitable, customer-focused direct-to-consumer business to RMEP's portfolio, alongside its existing online marketplaces and consumer apps. With RMEP's support, Digital Heaven will build out its online shops, product range, logistics and customer service. It will also pursue an active buy-and-build strategy across Europe.
Everstride acted as exclusive financial sell-side advisor to the shareholders of Digital Heaven.
Digital Heaven sells directly to consumers, and only through its own online platforms, shisha-heaven.ch and vape-schweiz.ch. It serves more than 100,000 customers across Switzerland and Liechtenstein from its own warehouse in Illnau. The shops have collected more than 17,000 customer reviews, a result of excellent service and a carefully curated product range.
RM Equity Partners (RMEP) is a European investor based in Ruggell, Liechtenstein. It focuses on online marketplaces, consumer apps and SaaS solutions. Digital Heaven extends RMEP's direct-to-consumer portfolio.
Everstride advised on every part of the transaction: positioning and preparing the company, targeted investor outreach, coordinating due diligence, transaction strategy and negotiating the SPA.