Silverpeak advises a leading P2P marketplace, Camplify, on its strategic acquisition of PaulCamper

Silverpeak, the mid-market technology specialist that represents European growth businesses in M&A and financing transactions, has acted as the exclusive financial advisor to Camplify Holdings Limited (ASX:CHL) on the acquisition of Germany’s largest peer-to-peer (“P2P”) digital marketplace PaulCamper.

Camplify has grown to become one of the world’s leading P2P digital marketplaces for recreational vehicles (“RVs”). Powered by proprietary technology, the platform seamlessly and transparently connects owners to hirers. The resulting marketplace makes it more accessible for RV enthusiasts whilst simultaneously monetising under-utilised assets for owners.

By delivering a truly scalable marketplace through automation and the network effect, Camplify has seen rapid growth.  During its first full year of trading on the Australian Securities Exchange the business delivered a GTV of 54m AUD and revenues of 16m AUD, an increase on the previous year of over 63% and 95% respectively.

Silverpeak advised Camplify on the strategic acquisition of PaulCamper and continues to work closely with the board as its dedicated financial advisor to support its inorganic expansion across Europe.

Justin Hales, CEO of Camplify Holdings Limited said, “This acquisition doubles the size of the existing Camplify business and strengthens our presence in the European market. PaulCamper is one of Europe’s largest and longest-running platform operators. Silverpeak provided Camplify with expert analysis and advice in a challenging European market, and we value their contribution to our strategic growth objectives. We welcome the PaulCamper team and its community of RV owners and hirers to the global Camplify community. We look forward to helping more people worldwide enjoy van life”.

Paddy MccGwire, Managing Partner at Silverpeak said “This is a very strategic acquisition for Camplify and starts the process of European consolidation that market participants have been expecting. It has been great working with Camplify, a clear-thinking client focussed on creating strategic value. Online marketplaces like Camplify are leading the technological transformation in eCommerce and will play an important role in shaping our future economy”

For more information please contact:

Paddy MccGwire – pm@silverpeakib.com

Christoper White  – cw @silverpeakib.com

Silverpeak Q3 2022 benchmark report: Declining valuations – have we hit the bottom?

Welcome to the latest edition of the Silverpeak B&C Rounds report – a review of Series B&C investment rounds into European technology companies. The dataset covers total capital invested, average deal sizes, frequent investors, investments by country, among other statistics. The aim of this report is to provide readers with a good understanding of the fundraising environment for technology companies in Europe.

Report highlights

  • Q3 has seen inflation reach record highs, driven by various macroeconomic trends, including continued geopolitical instability, rising energy prices, and supply chain disruptions.
  • EV/revenue multiples are beginning to stabilise across the board. We can see the rate of decline this quarter (-9%) is much lower than in Q1 (-23%) and Q2 (-21%) of this year.
  • In 2022, the IPO market for software companies was particularly barren, only witnessing 9 IPOs, which, compared to a record 107 IPOs in 2021, is extremely low.
  • There are even more postive signs in the US where SaaS is starting to see a return to growth.

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