Platform Group

At e‑commerce holding The Platform Group, the operator of the furniture shop 99rooms has filed for insolvency. Investigations also show repeated missed payments, customer complaints and legal proceedings at several TPG holdings such as Lott, Fashionette, Schuhe24, bike‑angebot.de and Chronext. Claims and guarantees are weighing on the group; CEO Dominik Benner has so far remained silent, while the stock has come under heavy pressure. » More on wiwo.de

The Platform Group has signed a financing agreement for up to €80 million, earmarked specifically for acquisition financing. The lenders are an internationally active financial group and a company affiliated with the main shareholder. Disbursement is subject to market-standard conditions precedent and complies with the terms of the existing bond. In 2025 the group generated revenue of €728 million and an adjusted EBITDA of €55 million. » More on finanzen.net

The Platform Group has agreed to acquire AEP GmbH and will take 100% of the shares; closing is expected after antitrust clearance in the second quarter of 2026. The pharma business will be bundled as a separate division, “Pharma & Service Goods”, and AEP will be consolidated together with ApoNow, apothekia and Doc.Green. Pro forma for 2026, TPG expects a GMV of €3.0 billion, revenue of €2 billion, EBITDA of €90–100 million and more than 25,000 partners. Financing will come from cash, equity and debt; two capital increases totaling 2 million shares raised €9.8 million, and the target leverage ratio is 1.5–2.3. » More on finanzen.net