Exit: Pinova Sells Its Stake in Raynet to Main Capital Partners

Frank­furt am Main/Paderborn – Funds advi­sed by PINOVA and their co-inves­­tors have sold their stake in the Raynet Group to Main Capi­tal Part­ners. As part of the tran­sac­tion, foun­der and CEO Ragip Aydin is reinves­t­ing a signi­fi­cant amount, and Raynet’s manage­ment is also buying back a stake in the acqui­ring company. 

A CMS team led by Dr. Peter Polke provi­ded PINOVA with compre­hen­sive legal and tax advice on the tran­sac­tion. PINOVA is a long-stan­­ding client and regu­larly recei­ves advice from CMS, most recently regar­ding the acqui­si­tion of a stake in Kist + Esche­rich and the invest­ment in Ideal-tek in Switzerland. 

Raynet, head­quar­te­red in Pader­born, deve­lops soft­ware solu­ti­ons for IT visi­bi­lity, IT asset manage­ment, and cyber­se­cu­rity. The company employs more than 170 people and, in addi­tion to Germany, has a presence in the United States, Poland, Turkey, and the United King­dom, among other countries. 

Toge­ther with Main Capi­tal, Raynet plans to acce­le­rate its inter­na­tio­nal expan­sion, further deve­lop stra­te­gic part­ner­ships, and expand its product port­fo­lio to include rela­ted data manage­ment and secu­rity features. These orga­nic growth initia­ti­ves will be comple­men­ted by a targe­ted inter­na­tio­nal buy-and-build strategy. 

Main Capi­tal Part­ners is an inves­tor specia­li­zing in soft­ware compa­nies that mana­ges private equity funds in the Bene­lux count­ries, the DACH region, Scan­di­na­via, France, the United King­dom, and North America, and has more than 20 years of expe­ri­ence in streng­thening and scaling soft­ware compa­nies inter­na­tio­nally. Its active port­fo­lio compri­ses appro­xi­m­ately 60 soft­ware compa­nies with a combi­ned work­force of over 15,000 employees. 

PINOVA is an inde­pen­dent private equity firm that invests in indus­trial tech compa­nies in German-spea­king count­ries through the funds it mana­ges. The focus is on highly profi­ta­ble mid-market compa­nies with reve­nues between EUR 10 million and EUR 50 million in the segments of High-Tech Compon­ents, Inno­va­tive Mate­ri­als, and Smart Systems. PINOVA invests in compa­nies whose system-criti­­cal products are deeply inte­gra­ted into their custo­mers’ value chains and that are charac­te­ri­zed by strong growth poten­tial, sustainable compe­ti­tive advan­ta­ges, and a leading market posi­tion in their respec­tive niches. —www.pinovacapital.com

Raynet is a global soft­ware provi­der that offers solu­ti­ons and comple­men­tary mana­ged services for the end-to-end manage­ment of IT projects and IT opera­tio­nal proces­ses. Foun­ded in 1999, the company is head­quar­te­red in Pader­born and has addi­tio­nal offices in Germany, the U.S., Poland, Turkey, and the U.K.

Advi­sors: Pinova: CMS

Led by Dr. Peter Polke, Part­ner in Frank­furt am Main
https://cms.law/

Advi­sors to Main Capi­tal Part­ners: McDer­mott Will & Schulte

Holger H. Ebers­ber­ger, LL.M., Alex­an­dra Prato (Coun­sel; both lead coun­sel, Private Equity, Munich), Dr. Matthias Weis­sin­ger (lead coun­sel, Finance, Munich), Dr. Thomas Diek­mann, Dr. Manuel Weiß (Coun­sel; both Private Equity, Munich), Dustin Schwerdt­fe­ger (Finance, Düssel­dorf), Dr. Florian Schie­fer (Tax Law, Frank­furt), Dr. Ulrich Flege (Real Estate and Commer­cial Law, Düssel­dorf), Dr. Laura Stamm­witz (Anti­trust Law, Frank­furt), Abdel Abdel­lah (Coun­sel, Employ­ment Law, Paris); Asso­cia­tes: Macha Dinga, Tobias Thie­mann (both Private Equity, Munich), Dr. Svenja Hefner (Corporate/M&A, Munich), Lorenz Schwo­jer (Finance, Munich), Matthias Bosbach, Markus Hunken­schrö­der (both Finance, Düssel­dorf), Bastiaan Wolters (Finance, Frank­furt), Dr. Merlyn von Hugo, LL.M., OEC. (Tax Law, Frank­furt), Yves Kandel (Real Estate Law, Düssel­dorf), Caro­lin Schu­ma­cher (Anti­trust Law, Colo­gne), Atha­na­sia Eleft­he­ria­dou, LL.M. (Labor Law, Düssel­dorf), Eva Kanela (Tran­sac­tion Lawyer, Munich).

www.mcdermottlaw.com/de