London 1 September – Stanhope Capital Group, (“Stanhope”) the global independent wealth management and advisory firm overseeing USD 28 billion in client assets, has advised Olsam Group (“Olsam”) on raising equity financing from Elevat3 Capital and debt financing from North Wall Capital (“North Wall”). Financial terms of the transaction have not been disclosed.
Olsam is one of the leading London-based pan-European acquirers and operators of FBA (Fulfilment by Amazon) businesses. The company is backed by Christian Angermayer’s Elevat3 Capital, which counts Peter Thiel’s Founders Fund as a strategic partner. Founded in 2020 by entrepreneurs Ollie and Sam Horbye, Olsam is already disrupting the current e-commerce space and is rapidly becoming a leading technology-driven consumer goods company across online marketplaces.
North Wall is a provider of private capital to Western European special situations. The firm manages several funds on behalf of global institutional investors and targets uncorrelated returns with strong downside protection. The team of experienced investment professionals specialise in opportunities where flexibility, creativity and speed are important.
Nigel Spray, co-head of Merchant Banking at Stanhope Capital Group commented, “Olsam has the potential to become one of the leaders in the e-commerce space globally. We are very pleased to have advised the Olsam team at a key stage in their development on their financing to accelerate their growth. The transaction sets the path for the next generation of e-commerce players where technology and scale will have an even more important role in the future.”