2 Minutes Read By Florian Ewald

OMMAX Advised Cathay Capital on Acquiring a Minority Share in SNOCKS

#Digital Due Diligence#Commercial Due Diligence#Private Equities & Investors

OMMAX advised Cathay Capital on the acquisition of a minority share in SNOCKS, a strongly growing D2C basic apparel brand in the DACH region. Over the last years, SNOCKS grew consistently and profitably as it caters with its basic apparel portfolio to the strong demand for sustainable and comfortable clothing.

OMMAX advised Cathay Capital with a commercial- and digital due diligence analyzing digital market dynamics, the target company’s customer metrics and its digital capabilities. A thorough benchmarking exercise against key competitors illustrated SNOCKS’ high degree of digital maturity in areas like performance marketing across channels or a highly optimized customer experience.

It was a pleasure to work with Cathay Capital and the management of SNOCKS throughout the due diligence process. SNOCKS has certainly shown a strong trajectory of organic growth in recent years and is poised to benefit from numerous further growth opportunities going forward thanks to its high competence in digital marketing channels.

Florian Ewald, Partner at OMMAX

About Cathay Capital

Cathay Capital Group is a global investment firm supporting companies at all stages throughout North America, Asia, Europe and Africa. By helping navigate the opportunities of globalization and sustainable transformation, Cathay is the partner of choice for companies aspiring to lead markets and make a positive impact. Its global platform connects people – from investors and entrepreneurs to management teams and leading corporations – across continents to share knowledge, the tools to scale, and achieve the extraordinary. Founded in 2007 with a strong entrepreneurial heritage, Cathay Capital now manages more than $4.2 billion in assets, has completed over 220 investments with the global reach and local expertise of its offices in Paris, Munich, New York, San Francisco, Shanghai, Shenzhen, Beijing and Singapore.

For more information, please visit: cathaycapital.com

Fabien Wesse, Managing Partner at Cathay Capital, added:

“We are very happy to support SNOCKS’ teams and management in their ambition to develop across borders and expand on an organic level. The company benefits from a strong business model and brilliant team of experts that have demonstrated best-in-class online expertise, combined with marketing excellence over the years. We believe that our expertise on scaling consumer brands internationally will prove useful and we are delighted to contribute to making SNOCKS an even bigger success story.”

About SNOCKS

SNOCKS, founded in 2016 and headquartered in Mannheim, is a Germany-based D2C e-commerce brand specializing in basic apparel. With a focus on socks, underwear, and basic apparel they sell through their own web shop, Amazon and alternative marketplaces. Its recent growth has propelled it to a revenue of 32m€ in 2021 at a double-digit EBITDA margin. SNOCKS employs over 60 people, has over 5 million users in its own online store in Germany, sells across Europe via Amazon, and the SNOCKS group has over 150,000 followers on social media.

For more information, please visit: snocks.com

Contact an expert

Do you want to know more about our experience in transaction advisory? Get in touch!

Industry Insights

Who will lead us into a digital future?

As a guest on the D25 Podcast, OMMAX Partner & Co-founder Dr. Stefan Sambol speaks about digitalization trends and why now is the time to shift to a [...]

Industry Insights

The Impact of AI-based content generation solutions on business

With AI-generated content being one of the big questions Dr. Felix Marcinowski, Vice President Organic Performance, has been confronted by many [...]

Hacker binary attack code

Industry Insights

Cybersecurity: 4 Principles to Protect Your Business

With hacker attacks, AI-based phishing and hybrid operations spreading everywhere any minute, the cyber threat situation is and will remain tense. [...]

Industry Insights

2023 Learnings and Tips for E-Commerce

2022 has been a challenging year for e-commerce organizations. Market downturn and rising interest rates have factored heavily into falling consumer [...]

Case Studies

The BHS tabletop case

BHS tabletop AG is a mid-sized German company with around 750 employees, established in 1998. The company is a leading manufacturer and supplier of [...]

Case Studies

The Waterlogic Case

Since its founding in 1992 in the UK, Waterlogic has been a leading innovator, manufacturer and global distributor of point-of-use (POU) water [...]

Truck

Case Studies

The Transporeon Case

Transporeon GmbH is a fast-growing, mid-sized German company with >700 employees, established in 2000. The company’s AI-driven, cloud-based software [...]

Woman and man enjoying a stroll

Case Studies

The Median Case

MEDIAN is the biggest private operator of rehabilitation facilities in Germany with an outstanding reputation. The group operates 122 rehab clinics, [...]

Sign Up for the Newsletter

Development and Execution of a Customized Digital Growth Strategy