Gütt Olk Feldhaus advises Tenzing Private Equity on the acquisition of Mahr EDV

Photo: Chris­tian Ramme, Invest­ment Lead DACH at Tenzing in Munich (Photo © TENZING)
10. Octo­ber 2023

Munich, Germany — Euro­pean tech inves­tor Tenzing today announ­ced that it has inves­ted in Mahr EDV (“Mahr”), a provi­der of mana­ged IT services for small and medium-sized enter­pri­ses (SMEs). This colla­bo­ra­tion repres­ents an important mile­stone for Tenzing, as it is the first Euro­pean invest­ment since its expan­sion into the DACH region in Janu­ary 2023.

Tenzing, a Euro­pean tech­no­logy inves­tor head­quar­te­red in London with addi­tio­nal offices in Stock­holm and Munich, focu­ses on invest­ments in tech­no­logy and tech­­no­­logy-orien­­ted companies.

Mahr was foun­ded in 1999 by visio­nary CEO Fabian Mahr and is head­quar­te­red in Berlin. With a strong presence throug­hout Germany, inclu­ding key loca­ti­ons such as Düssel­dorf, Colo­gne, Dres­den, Leip­zig, Essen and Hamburg, Mahr has a dyna­mic team of over 180 experts. The dedi­ca­ted employees serve a diver­si­fied custo­mer base of more than 600 medium-sized custo­mers, most of which are loca­ted in Germany.

In times of IT skills shorta­ges and constant cyber thre­ats, demand for IT outsour­cing and mana­ged cloud services conti­nues unab­a­ted. Mahr is ready to tackle these chal­lenges head-on with its one-face-to-the-custo­­mer approach tail­o­red to the under-digi­­ti­­zed German SME sector.

The company’s unwa­ve­ring commit­ment to unpar­al­le­led custo­mer service was reco­gni­zed in the leading DACH IT services study, “Best IT Service Provi­ders,” conduc­ted by IT decis­­ion-makers from 2,500 midsize compa­nies and conduc­ted by Chan­nel­Part­ner and the market rese­arch insti­tute iSCM: Mahr took first place among more than 700 IT service provi­ders in the cate­go­ries of exper­tise, stra­te­gic custo­mer under­stan­ding and response time.

Fabian Mahr, foun­der and CEO of Mahr, comm­ents: “In the search for the perfect part­ner, Mahr has shown a lot of pati­ence, because we know that our true poten­tial can only be reali­zed with the right alli­ance. While we achie­ved key mile­sto­nes on our own, the dyna­mic and highly compe­ti­tive IT land­scape requi­red a part­ner with the exper­tise and agility to help us execute our expan­sion plans. Tenzing goes beyond the tradi­tio­nal M&A role; they are the bridge that will quickly take us to a promi­sing future. Their inno­va­tive thin­king and approach to value crea­tion seam­lessly comple­ments our uncon­ven­tio­nal approach to problem solving.”

Chris­tian Ramme, Invest­ment Lead DACH at Tenzing (Photo © TENZING), added: “The DACH IT services market, worth €4.8 billion and growing at 7.6% annu­ally, holds immense poten­tial for Mahr. Mahr has increased its sales by 34% in the last 12 months and has been able to open bran­ches in four addi­tio­nal cities, cove­ring all of Germany with 14 locations.”

Mahr is the ninth invest­ment under Tenzing’s £400 million Fund II, which has been inves­t­ing since 2021 and is one of sixteen high-growth compa­nies in Tenzing’s portfolio.

Legal advi­sors Tenzing: Gütt Olk Feld­haus, Munich

Dr. Heiner Feld­haus (Lead Part­ner), Adrian von Prit­t­witz, LL.M. (LSE) (both part­ners, M&A/Corporate), Thomas Becker, LL.M. (Of Coun­sel, IP/IT/Data Protec­tion and Commer­cial), Matthias Uelner (Senior Asso­ciate), Sophie Stef­fen (Asso­ciate; both M&A/Corporate)

Alten­burg Fach­an­wälte für Arbeits­recht, Munich: Andreas Ege, Dr. Dirk Schnelle (both Labor Law)

held jagut­tis, Colo­gne: Dr. Simeon Held, Dr. Malte Jagut­tis, Dr. Bernard Altpe­ter, Dr. Alex­an­der Pehl (all Public Commer­cial Law)

Kind & Drews, Düssel­dorf: Dr. Ernesto Drews (Tax, Real Estate)

Consul­tant Tenzing:

Houli­han Lokey (M&A), OMMAX (Commer­cial) and KPMG (Finan­cial and Tax) advised.

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