Go4equity goes for CoCap

The private equity website hopes the deal for its competitor will power it towards critical mass.

Go4equity, the online private equity transaction platform, has bought CoCap Offerings, a competing online private equity firm.

The value of the deal has not been released.

Go4equity hopes the acquisition will boost its presence in Switzerland and Germany and power the company towards critical mass. Both companies have a network of investors in the “three-digit numbers”, said Reto Suter, Go4equity's CFO.

“The attractiveness of Go4equity increases with the number of registered investors,” said Paul Choffat, the company’s CEO.

Clifford zur Nieden, CoCap’s CEO, will join the Go4equity management team.

Go4equity aims to link capital-seeking companies with private equity investors on its website. “We'll do between five and seven deals this year,” said Suter. Go4equity concentrates on middle-to-late-stage transactions worth about $5m.

Go4equity raised a $2.8m first round in June last year from undisclosed individuals and strategic partners. CoCap recently raised a seed round from its management team.