Category Archives: M&A

Financial, Funding, Investment, M&A, Venture Capital

Rise Point Capital invests in Run2Day; Robbert Cornelissen appointed CEO and shareholder

AMSTERDAM, 3-Nov-2025 — /EuropaWire/ — Rise Point Capital has acquired Run2Day, a running specialty retailer in the Netherlands. Robbert Cornelissen will assume the role of CEO and co-shareholder, leading the company into its next phase of growth.

Run2Day operates 16 stores throughout the Netherlands, combining company-owned locations with a franchise network. The company has been active for nearly thirty years and serves a broad running community with a focus on running products and services.

Robbert Cornelissen has over twenty years of experience in scaling companies and guiding organizations through transitions. “My mission is to build a healthier future by engaging behavior, systems, and leadership. I believe in the power of collaboration — with employees, franchise partners, customers, and brands. Only together can we truly make an impact and strengthen our position in the sports market.”

Rise Point Capital co-invests in small and mid-sized enterprises with established market positions and clear growth potential. “Run2Day has grown into a recognised player in the Dutch running market over recent years,” says Sergio van Luijk, Partner at Rise Point Capital. “We look forward to supporting Robbert and the team in the next phase. This aligns with our strategy of partnering with experienced co-investors to further develop companies that hold a strong position in their niche.”

Former owner Ewout Braggaar reflects proudly on his time at Run2Day. “I am grateful for the incredible journey I have shared with the team, our entrepreneurs, and our partners. Thanks to a true ‘By Runners For Runners’ mentality, we stand stronger than ever today.”

Looking ahead, Run2Day will continue strengthening its position in the running market. Under Cornelissen’s leadership, the focus will be on the store network, customer experience, digitalization, and community engagement. Run2Day will further invest in tools and services that help runners train, recover, and enjoy their sport.

About Run2Day
Run2Day (www.run2day.nl), based in Leusden and operating 16 stores across the Netherlands, is a specialized running retailer. The company sets itself apart through personalized service, expert advice, and close ties to the running community. Run2Day partners with major events, such as the Amsterdam Marathon and the Dam tot Damloop.

About Rise Point Capital
Rise Point Capital (www.risepointcapital.com), based in Amsterdam, co-invests in deal-by-deal buy-outs of resilient mid-market companies. In partnership with independent sponsors and experienced operators, the firm focuses on off-market transactions in specialist markets. Rise Point Capital is active in the Benelux, DACH region, the United Kingdom and the Nordics.

SOURCE: EuropaWire

Business, Financial, Investment, M&A, Stocks, Trading

Digi Communications NV’s subsidiary in Hungary DIGI Távközlési és Szolgáltató Kft. acquires 99.998395% of the share capital and voting rights of Invitel Távközlési Zrt. for EUR 135.4 million

BUCHAREST, Romania, Jun-2-2018 — /EPR Financial News/ — The Company would like to inform its shareholders that, as a result of the completion of the conditions to closing provided in the share-purchase agreement (“SPA”) signed on 21 July 2017 between DIGI Távközlési és Szolgáltató Kft.(“Digi HU”), as the purchaser, and Ilford Holding Kft. and InviTechnocom Kft. (former name Invitel Technocom Távközlési Kft.), acting as sellers (the “Sellers”), the acquisition by Digi HU of shares representing in total 99.998395% of the share capital and voting rights of Invitel Távközlési Zrt. (the “Target”) was finalized today, 30 May 2018.

The total consideration paid by Digi HU to the Sellers for the acquisition of shares in the Target was of approximately EUR 135.4 million.

The Company welcomes the addition to the Digi group of a key Hungarian telecommunications operator positioned as the second-largest incumbent fixed line telecommunications and broadband internet services provider in the residential and small business customers segment in Hungary. The Target offers an extensive portfolio of services to residential and small business customers, including a variety of multimedia and entertainment services such as interactive, digital and HD television, fast internet offerings and fixed telephony services across its regional networks.

This transaction will allow the Company’s group to consolidate its position on the Hungarian telecommunications market, and to expand its customer reach and experience, as well as to create better operational synergies.

SOURCE: EuropaWire

Accounting, Assets, Business, Financial, Financial Services, Investment, M&A, Money

Anthony Citrolo Elected Executive Vice President & Director of The Long Island Chapter Of The Accountant/Attorney Networking Group Inc. (AANG)

It has been announced today that, Anthony Citrolo, CPA, CVA, CMAA, CBI has been elected as the 2012 Executive Vice President and Director of the Long Island Chapter of the Accountant/Attorneys Networking Group Inc. (AANG)

The Accountant/Attorney Networking Group is comprised solely of practicing accountants and practicing attorneys who service multiple clients. The purpose of the group is to facilitate networking between and among attorneys and accountants – two professions that have enormous synergy and potential for cross referrals. AANG offers 12 monthly networking breakfast meetings exclusively for accountants and attorneys. AANG also hosts two major networking cocktail receptions open to all professionals. The organizations’ web site is www.aangny.org

According to Mr. Citrolo a Managing Partner of M&A firm NYBB/Reliance Strategies, “the AANG creates a great platform for Accountants and Attorneys to meet and share information and ideas that can be used to bring cutting edge financial and legal solution to business owners or entrepreneurs engaged in a business sale or acquisition. Further Mr. Citrolo adds, “since Accountants and Attorneys are key players of the deal team that representbusiness buyers and sellers, the coordination of their efforts can result in lowering the fees incurred in the transaction and giving the deal the best chance of being consummated.”

About NYBB/Reliance

NYBB/Reliance Strategies is a full-service Merger & Acquisition firm in Melville, New York assisting companies with up to $50M in revenue to develop an exit strategy or make a targeted acquisition. In addition to M&A and consulting services, NYBB/Reliance offers valuation services in determining both Business and Transaction Values. Anthony can be reached at 631.390.9650 or anthony@nybbinc.com.

Via EPR Network
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Assets, Business, Financial, Investment, M&A

Emeraldstone Investments Has Completed Purchase Of Colombian Emerald Mining Enterprise

The Cyprus based Emeraldstone Investments Limited has bought a company in Colombia that operates with emerald mining. The merger deal that has been preparing for several months was finally finished.

The contract that is considered to become the new step for Emeraldstone Investments Limited and draw the company to a new level of business that would include global market of precious stones.

The Colombian enterprise CEO, Leo Gransesa comments on the situation: “This deal was a great success for both companies. Our enterprise has been preparing for the merge before. However, the proposition made by Emeraldstone Investments Limited was better than we could ever hope. I’m glad that the business is in the right hands now. One of the most important results of this deal was the fact that Emeraldstone is going to keep the job for all our employees”.

Marvin Tillman, the Head of Emeraldstone Investments board also comments on the deal: “All primary conditions of the contract were followed. We have purchased the majority stake which makes 75% of the total number of shares. The enterprise keeps its management and working staff though the top management would be transferred from the head office of Emeraldstone”.

As a result this turned out to be one of the deals that makes both parties benefit from it tremendously. The representatives of both US and Colombia sides celebrate the biggest deal of the year in the field of gemstone investment.

Regarding this fact Emeraldstone is going to introduce new investment plans for its most regular investors and special offer for brand-new clients. New introductions are to be presented within a month from the date of signing the contract and should make a great contribution to world economy recovering.

Via EPR Network
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