Toniebox company goes public via Spac

The Düsseldorf-based company Boxine is behind the famous Tonieboxes. It has now announced its intention to go public via Spac in the fourth quarter.

In June, Boxine GmbH, the company behind the Tonieboxes, confirmed talks about a planned IPO via Spac. Now it is certain: In the fourth quarter, the Düsseldorf-based company will go public on the Frankfurt Stock Exchange with the Spac of investor 468 Capital. In this context, Boxine reaches a valuation of 870 million euros.

The transaction brings Boxine 400 million euros: 300 million euros are in the Spac of 468 Capital, 100 million euros come from investors such as BIT Capital, Baillie Gifford and others. With the money, the company wants to grow further and expand internationally.

In 2020, Boxine made 137 million euros in sales, this year it is expected to reach 170 million euros. Since the launch of the Tonieboxes in 2016, Boxine has sold 2.4 million of the toy boxes. Co-founders Marcus Stahl and Patric Faßbender will continue to lead the company. "We are very excited to have found the perfect partner to support our growth ambitions and vision of safe, screen-free and controlled learning and entertainment experiences for children," Stahl said of his company's plans. Earlier this year, Boxine founded the Tonielab, where new ideas around the Toniebox are created.