Hape and Beleduc have signed an agreement with Nazca for the acquisition of Europe’s leading educational toys distributor Eurekakids.
The deal represents another significant stage in expansion of Europe and Latin America markets for Hape Group following their success in Asia, America and Europe.
(Barcelona, Spain) 12th March, 2018. Hape Group and Beleduc signed agreement with Nazca for the acquisition of Eurekakids, the leading Spanish toy distributor.
Founded in Gerona in 2002, Eurekakids is one of Europe’s largest distributors of educational toys with a growing presence in Latin America, leading the Spanish market. Nazca is a Private Equity Fund management company, specialized in the Spanish mid-market. Eurekakids was one of firms that invested by Nazca. During Nazca’s investment period, Eurekakids has developed an attractive business model combining own stores, franchise stores, on-line and wholesale distribution channels; reaching a network of more than 180 stores in 13 countries and Chain Sales of c.€40m in 2017.
Eurekakids’ founders and the rest of the management team will continue leading the future development of the company. “With our investment into Eurekakids, we will support each other and help our children to develop themselves and to Love Play Learn for making a better tomorrow.” Peter Handstein, CEO and Founder of Hape Group said so.
Sabine Handstein, CEO of Beleduc said “Our main aim is to support children and families all over the world to have fun and to learn at the same time, we commit ourselves to this every single day. I am to 100 % convinced that with this investment it takes us a step closer to achieve our goals.”
Carlos Carbó, Founding Partner of Nazca has said “At Nazca we are very proud of the important step forward taken in the professionalization of the company, the significant growth of the business as well as of the excellent work performed by the management team. We believe Hape & Bedeluc are the ideal partner to further develop the company in the long-term.”