Luxplus was acquired by CataCap.

Luxplus, a Copenhagen, Denmark-based retail operator of an online membership club which sells beauty, health and care products at discount prices, announced that it was acquired buy the private equity company CataCap.

Financial details of the transaction were not disclosed. CataCap will be the majority shareholder in the company, controlling 66% of the shares.

Luxplus, founded in 2013 by Martin Ersted Schultz and Peter Sønderby-Wagner, developed an online membership op that sells beauty, health and care products online in the Nordic region, the Netherlands, Germany and the UK.

The company now has 130,000 members who pay a monthly subscription to access discount prices on hair care products, cosmetics, perfumes and other beauty products from more than 700 well-known brands. Luxplus expects a revenue of around EUR 37 million for 2020.