Global Savings Group enters exclusive negotiations over acquisition of iGraal
Munich, 16 December 2019 – The Global Savings Group (GSG) and M6 Group have entered into exclusive negotiations concerning the acquisition of the leading French cashback player iGraal. The Munich-based Commerce Content company has submitted a binding offer. With iGraal valued at 123.5 million euros (subject to adjustment), the transaction would be accomplished through a partial acquisition in cash for an amount of 35 million euros and exchange of shares. The completion of the transaction remains subject to the finalization of the negotiations and consultation of employee representative bodies.
iGraal is the leader on the French cashback market and the second-largest player in this segment in Germany. Its leadership position mainly comes from an in-depth member acquisition & digital marketing expertise, long-term partnerships with top e-merchants and state-of-the-art technology. iGraal has built over the years a loyal cashback community of more than 6 million members and will generate 40 million euros in net sales in 2019 (+30% YoY) while achieving high profitability.
With a team of 400 content, tech and marketing experts, GSG is a global market leader in Commerce Content. Active in over twenty markets on five continents, GSG helps consumers in their purchasing decisions by providing them with the best inspiration, reviews, discounts, and deals on the web. Partnering with some of the world's most reputable publishers, including L’Express, Le Monde, Burda or CNN, GSG helps publishers to improve their digital offering for its audiences and to create new streams of digital revenues. For advertisers, GSG funnels more than 2 million purchases per month through its digital portals.
Gerhard Trautmann, co-founder and managing director of the Global Savings Group: “The acquisition of iGraal by the Global Savings Group would create incredible synergies. Already a global leader in the couponing segment, our next step is to conquer the European cashback market jointly with the team of iGraal and expand our commerce content offering for advertisers, consumers and publishers alike. We strongly value the knowledge of the highly experienced iGraal team. Together with iGraal’s technology and existing user-base, we will make an essential step towards becoming the leading Commerce Content platform around the world.”
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About Global Savings Group
The Global Savings Group (GSG) is Europe's leading shopping rewards company that empowers people to purchase in a smarter way.
With its comprehensive portfolio of consumer engagement platforms and savings brands, GSG provides people access to exclusive savings, deals, product information, reviews, and discovery from their favorite stores and brands.
GSG’s team of over 500 professionals in 20 plus markets across the globe, an advanced technology stack, and close, lasting partnerships with the world’s leading news publishers enables it to help consumers to save on more than 2 million transactions every month.
Founded in 2012 and headquartered in Munich, GSG increases customer loyalty and drives engagement for the world’s largest advertising brands, while assisting yearly more than 350 million shoppers to make smarter purchasing decisions.
Visit us @ global-savings-group.com