Investcorp Technology Partners acquires VEDA Group from

Photo: Georg Knoflach, Mana­ging Direc­tor Invest­corp Tech­no­logy Partners
25. May 2024

Hamburg/Alsdorf — Invest­corp Tech­no­logy Part­ners has acqui­red the VEDA Group. The Cana­dian Impe­rial Bank of Commerce (CIBC) reali­zed the €17 million finan­cing of the VEDA Group and recei­ved compre­hen­sive legal advice from YPOG.

VEDA is an indus­­try-leading provi­der of HR soft­ware and Payroll-as-a-Service based in Alsdorf (Germany). Foun­ded in 1977, the company offers soft­ware for payroll accoun­ting, time and secu­rity manage­ment and payroll-as-a-service for medium-sized compa­nies in Germany. VEDA will use the finan­cing from CIBC to streng­then its market posi­tion in the DACH region and to expand into inter­na­tio­nal markets such as Bene­lux, the UK and Scan­di­na­via, and will conti­nue to pursue its buy-and-build stra­tegy with a focus on payroll soft­ware and payroll services companies.

The YPOG team led by Matthias Kres­ser has alre­ady advi­sed CIBC Inno­va­tion Banking seve­ral times on loan finan­cing of this and simi­lar types. Team:
Matthias Kres­ser (Lead, Tran­sac­tions), Part­ner, Berlin/Hamburg Jan Stamm­ler (Tran­sac­tions), Asso­ciate, Berlin/Hamburg

About CIBC Inno­va­tion Banking

CIBC Inno­va­tion Banking provi­des stra­te­gic advice, cash manage­ment and finan­cing to inno­va­tive compa­nies in North America, the UK and selec­ted Euro­pean count­ries at every stage of their busi­ness cycle, from start-up to IPO and beyond. With offices in Atlanta, Austin, Boston, Chicago, Denver, Durham, London, Menlo Park, Mont­real, New York, Reston, Seat­tle, Toronto and Vancou­ver, the team has exten­sive expe­ri­ence and a strong, colla­bo­ra­tive approach that spans CIBC’s Commer­cial Banking, Private Banking, Wealth Manage­ment and Capi­tal Markets businesses.

About YPOG

YPOG is a law firm specia­li­zing in tax and commer­cial law, active in the core areas of funds, tax, banking + finance and tran­sac­tions. The YPOG team advi­ses a wide variety of clients. These include emer­ging tech­no­logy compa­nies and family-run medium-sized enter­pri­ses as well as corpo­ra­ti­ons and private equity/venture capi­tal funds. YPOG is one of the leading addres­ses for venture capi­tal, private equity and fund struc­tu­ring in Germany. The firm and its part­ners are ranked natio­nally and inter­na­tio­nally by JUVE, Best Lawy­ers, Legal 500, Focus, Cham­bers and Part­ners and Leaders League. Today, YPOG employs more than 120 expe­ri­en­ced lawy­ers, tax consul­tants, tax specia­lists and a notary in three offices in Berlin, Hamburg and Cologne.

Subscribe newsletter

Here you can read about the latest transactions, IPOs, private equity deals and venture capital investments, who has raised a new fund, how Buy & Build activities are going.

Get in touch

Contact us!
fyb [at]