Latest news with #NasdaqNordic
Business Wire
4 days ago
- Business
- Business Wire
Kanaan Sellers Group Prepares for Nasdaq Nordic Listing
BASEL, Switzerland--(BUSINESS WIRE)--Kanaan Sellers Group ('Kanaan'), a leading European eCommerce aggregator focused on kitchen, home, and outdoor living brands, announces its intention to go public on the Nasdaq First North Premier Growth Market later this year, targeting a valuation around Euro 40mn in early Q4. Founded by former Goldman Sachs Director Mike Vermeulen, Kanaan has built a robust and profitable business model in a challenging eCommerce environment. In an industry that has seen significant transformation including consolidation and shifts in strategies among aggregators, Kanaan has achieved profitable, sustainable growth by acquiring, operating, and scaling high-margin, niche consumer brands. Kanaan's focused and capital-efficient approach – favouring equity financing over venture debt for its initial acquisition phase – has proven to be a winning strategy. Backed by Infinitas Capital, a next-gen single-family office led by Robin Lauber, Kanaan has grown to manage 12 brands across nine European markets, generating seven figure EBITDA in 2024. Kanaan runs a well-diversified product portfolio with over 400 SKUs sold across all major platforms – including Amazon, Otto and Galaxus – while its proprietary direct-to-consumer channels are driving growth and customer engagement. Kanaan has plans to expand beyond Europe into the UK and the US. Mike Vermeulen, CEO and Co-Founder of Kanaan Sellers Group, said: 'Over the past three years, we have built a business that not only withstands a challenging market but does so profitably. In a frequently maligned sector, we have emerged as a standout performer. What sets us apart is our disciplined approach to capital allocation and acquisitions, even during market highs; best-in-class working capital financing; and an experienced team of professionals in finance, supply chain, and e-commerce. This is an opportune moment in the market, where high quality brands are available at extremely attractive valuations, and we have a proven business model to scale them. 'A Nasdaq Nordic listing would reflect both the strength of our European operations and the appeal of the region's diverse and engaged investors. It marks the next step in our growth and will provide a strong capital base to accelerate expansion.' Kanaan's agile and opportunistic approach capitalises on the unique post-pandemic window of opportunity. This ability to act quickly in a buyer's market has allowed Kanaan to acquire quality, founder-led brands at compelling valuations. Kanaan's flagship brand, Springlane, demonstrates the company's value creation strategy. A multi-category kitchen brand active in six countries, Springlane continues to contribute substantially towards overall revenues. It is a true multi-channel business, and direct-to-consumer channels are supported by original content and a loyal customer base. It is a case in point of Kanaan's ability to scale and integrate acquisitions, and serves as a repeatable blueprint for future growth. The proposed IPO will provide growth capital and increased market visibility, strengthening Kanaan's ability to acquire and partner with founder-led business. As the global eCommerce retail market continues its upward trajectory, expected to reach $6.5 trillion by 2028, Kanaan is uniquely positioned to lead value-driven consolidation across a fragmented and undervalued sector. 'We are extremely proud to support Kanaan Sellers Group as they continue to demonstrate their ability to create lasting value. Mike and the team have built a profitable growth engine, driven by a clear strategy of identifying value, executing quickly, and integrating effectively. As they prepare to enter the public markets, we look forward to their continued success as they lead the next wave of eCommerce consolidation.'
Yahoo
25-03-2025
- Business
- Yahoo
TNS Expands European Presence with Equinix ZH4 Colocation in Zurich
RESTON, Va., March 25, 2025--(BUSINESS WIRE)--Transaction Network Services (TNS) has expanded its European exchange footprint by launching services in the Equinix ZH4 colocation data center in Zurich. This enables managed hosting and ultra-low latency Layer 1 exchange connectivity to SIX Swiss Exchange. The Equinix ZH4 colocation data center, centrally located on Josefstrasse, provides direct access into the banking district, facilitating interconnection between partners and customers. This deployment helps strengthen TNS' presence in key European financial hubs, complementing its colocation services in London, Frankfurt and other major exchanges. It enables firms, including market data vendors and exchange members, to access Swiss equities and derivatives markets for both market data and order entry. "We are delighted to add this latest exchange solution to further enhance our European exchange connectivity and managed hosting capabilities," said Jeff Mezger, TNS' Vice President of Product Management, Financial Markets. "Our focus remains on delivering market data globally, via our low latency backbone specifically engineered to minimize network latency and maximize resiliency and uptime." This latest deployment is part of TNS' ongoing European expansion, which already includes colocation services within BME, CBOE Europe, Deutsche Boerse, Euronext, LME, Nasdaq Nordic and LSE data centers. Santiago Ximenez, Head Colocation and Market Access, SIX, said: "Adding our colocation in Switzerland to the TNS European network means that their customers can benefit from direct access to SIX Swiss Exchange, a key financial hub with over 60,000 Equities, Bonds and Exchange Traded Funds, as well as over 250 crypto products that give access to 20 crypto currencies." As both a registered data vendor and application service provider with SIX, TNS offers its solutions at a lower overall cost compared to a DIY approach, allowing trading firms to focus on their core business, rather than needing to divert internal resources to maintain extensive, specialized, complex infrastructures. TNS brings together over 5,000 financial community endpoints, supported by a global, 125-strong point-of-presence footprint. Specifically designed and engineered to address the needs of financial market participants worldwide, TNS offers a range of connectivity, colocation, cloud, market data and VPN solutions within its Infrastructure-as-a-Service (IaaS) portfolio. This includes TNS Market Data Services, the only vendor agnostic turnkey solution for global market data. Its solutions are monitored 24x7x365 by TNS' Network Operations Centers in the US, UK, Australia and Malaysia. For further information visit About Transaction Network Services (TNS) Founded in 1990 and with headquarters in the United States and offices across Europe and Asia, TNS is a leading provider of mission-critical infrastructure, connectivity, market data and analytic services for the Financial Markets community. Delivered as a fully managed Infrastructure-as-a-Service offering, TNS provides an unrivalled, global, mission-critical footprint that can significantly help reduce the burdens, complexities and costs attributed to firms 'going direct.' Through its ultra-low latency connectivity, its global market data offerings and its dedicated 24x7x365 local support, TNS remains the trusted solution provider to more than 750 counterparties globally. View source version on Contacts For more information please contact: Carina EvisonThe Realization Group+44 (0)7876 Or Clare Cockroft/Sarah ChapmanTNS+ 44 (0)114 292 0163pr@
