Exit: Maxburg Capital sells Tenado to Revalize / TA Associates
Bochum/ Hanburg — Maxburg Capital Partners sells Tenado to Revalize Inc, a US portfolio company of private equity fund TA Associates. DLA Piper advised Revalize, Inc. on the acquisition of German CAD software provider Tenado. The acquisition of Tenado is a strategic addition to Revalize’s existing suite of software solutions, which includes CPQ, design, modeling, simulation and data analytics.
Tenado, headquartered in Bochum, Germany, specializes in the development of CAD software solutions for the metal and wood trades, mechanical engineering, fire protection and traffic management.
Headquartered in the U.S., Revalize is a leading global provider of industry-specific revenue operations software for manufacturing companies, their distributors and their planners across a wide range of industries. The company’s software solutions include tools for improved shopping experiences, sales cycles and manufacturing processes through a SaaS platform for CPQ, PIM, design applications, engineering simulations, visualization tools, AR/VR and more.
About Maxburg Capital Partners
Maxburg Capital Partners is an investment management company focused on the German-speaking region. Founded by three partners with many years of experience as entrepreneurs and investors in public and private equity, Maxburg focuses on long-term corporate investments with the aim of achieving lasting and sustainable value growth.
Based on several funds and a total fund volume of € 600 million, Maxburg has an exceptionally flexible investment mandate: we actively invest across the entire range of capital structures — from equity to near-equity financing options such as mezzanine and mezzanine-like forms of investment. We hold both majority and minority interests in companies. In addition, Maxburg has the option of taking an active shareholder role in listed companies. Our financings range from €10 million to €100 million per transaction. www.maxburg.com
The DLA Piper team in Germany was jointly led by Partner Dr. Benjamin Parameswaran and Counsel Dr. Philipp Clemens (both Corporate, Hamburg) and also included Partner Semin O (Antitrust, Frankfurt) and Senior Associate Friederike Rickers (Corporate, Hamburg). In the U.S., Revalize was advised by corporate partner Bradley Gersich and supported by of counsel Michael Cubell.
About DLA Piper
DLA Piper is one of the world’s leading commercial law firms, with offices in more than 40 countries in Africa, Asia, Australia, Europe, the Middle East, and North and South America. In Germany, DLA Piper is represented by more than 250 lawyers at its offices in Frankfurt, Hamburg, Cologne and Munich. In certain jurisdictions, this information may be considered attorney advertising. For more information, visit: www.dlapiper.com