Evago, based in Pyrbaum (Germany) is a leading live event infrastructure rental company. It caters to the attractive live events market that has profited from secular growth over the past decade. The business model revolves around the rental of mission-critical infrastructures, such as barriers, floor protection, chairs, loudspeaker towers, etc.
The transaction comprises growth capital as well as a partial founder buyout. The additional capital will support the ambitious growth plans, including add-on acquisitions and geographical expansion.
YIP invested alongside KKA Partners, a German emerging private equity firm based in Berlin.