Main Capital subsidiary ZIG merges with Doozer Real Estate Systems

Photo: Max Max Lüer­ßen, Part­ner at Deloitte Legal in Düssel­dorf (Photo ©Lüer­ßen)
15. June 2024

Düssel­dorf — Main Capi­tal subsi­diary ZIG comple­tes merger with Doozer Real Estate Systems. A Deloitte Legal team under the joint leader­ship of Max Lüer­ßen (part­ner) and Felix Fell­ei­sen (part­ner) advi­sed Zig on the acqui­si­tion of Doozer Real Estate Systems GmbH. Zig and Doozer are leading soft­ware provi­ders for the real estate sector in the Nether­lands and Germany respec­tively. The merger was supported by Main Capi­tal Part­ners (“Main”), a private equity inves­tor focu­sed exclu­si­vely on the soft­ware industry.

Doozer is a German deve­lo­per of real estate manage­ment soft­ware that enables real estate compa­nies to map, initiate and moni­tor reno­va­tion proces­ses via a digi­tal plat­form. The soft­ware maxi­mi­zes effi­ci­ency by simpli­fy­ing and opti­mi­zing vacancy manage­ment in the re-letting process. This bene­fits both the tenants, because apart­ments are available again more quickly, and the land­lords, who opti­mize their rental income and opera­ting proces­ses. The company is based in Berlin, was foun­ded in 2014 by Nicho­las Neer­pasch and is now jointly mana­ged by him and Cars­ten Petzold.

Doozer’s most important custo­mers include asset mana­gers, property manage­ment compa­nies and trades­men. Doozer serves well-known real estate compa­nies such as LEG, Adler and degewo. At the end of last year, Doozer reached the target of 1 billion euros in cons­truc­tion volume commis­sio­ned via the plat­form. A total of 170,000 apart­ments have been reno­va­ted using the Doozer plat­form to date.

The successful acqui­si­tion of Doozer is an important first step in Zig’s inter­na­tio­na­liza­tion stra­tegy. Follo­wing the acqui­si­tion, Zig now has a strong and talen­ted local team in place for further expan­sion in Germany, lever­aging Zig’s exper­tise and best prac­ti­ces while streng­thening Main Capi­tal Part­ners’ presence in the real estate sector. Doozer’s manage­ment team will remain on board and conti­nue to be fully commit­ted to the company. At the same time, Zig will conti­nue to focus on its home market, the Nether­lands, and concen­trate on support­ing custo­mers with intel­li­gent soft­ware solu­ti­ons and helping them to succeed.

The acqui­si­tion is the fourth stra­te­gic acqui­si­tion since Main Capi­tal Part­ners ente­red into a part­ner­ship with Zig at the end of 2021. The move streng­thens the company’s foun­da­ti­ons, which is why Main is very confi­dent that it will be able to achieve its ambi­tious growth targets in the PropTech sector.

Felix Fell­ei­sen and Max Lüer­ßen have been advi­sing Main since the begin­ning of Main’s expan­sion into Germany and have alre­ady advi­sed the stra­te­gic soft­ware inves­tor on a large number of plat­form and add-on acqui­si­ti­ons, most recently on the acqui­si­tion of PMG Projekt­raum Manage­ment GmbH, which supports its custo­mers with the modu­lar and cloud-based colla­bo­ra­tion plat­form PAVE in cons­truc­tion and real estate projects, by Pro4all, a Main Capi­tal port­fo­lio company that deve­lops soft­ware for cons­truc­tion and real estate manage­ment, and on the acqui­si­tion of the sycat group of compa­nies by the JobRou­ter Group, provi­der of the cross-indus­­try low-code digi­tiza­tion plat­form JobRou­ter®, also a Main Capi­tal port­fo­lio company.

Advi­sor Main Capi­tal: Deloitte Legal

Max Lüer­ßen, photo (©Lüer­ßen) (Part­ner, Corporate/M&A, Düssel­dorf, lead), Felix Fell­ei­sen (Part­ner, Corporate/M&A, Düssel­dorf, co-lead); Andreas Leclaire, LL.M. (Part­ner, Commer­cial, Düssel­dorf); Stefan Weste (Coun­sel, Employ­ment Law, Berlin); Dr. Fleur Johanna Prop, LL.M. (Coun­sel, Corporate/M&A, Düssel­dorf), Lara Sophie Worbs (Coun­sel, Commer­cial, Düssel­dorf), Pia Fran- ziska Kara­pa­nos (Coun­sel, Corporate/M&A, Düssel­dorf); Nicole Rurik (Senior Asso­ciate, Corporate/M&A, Düssel­dorf); Nicole Deneke (Asso­ciate, Corporate/M&A, Düssel­dorf), Constanze Rass­feld (Asso­ciate, Commer­cial, Düsseldorf).

Advi­sor seller: Vogel Heerma Waitz Part­ner­schaft von Rechts­an­wäl­ten mbB

Dr. Frank Vogel, LL.M. (Cantab.) (Part­ner); Dr. Andreas Wüst­hoff, LL.M. (UPenn) (Coun­sel, both Berlin)

Notary’s office: Michel.Partner, Berlin
Lawyer and notary Tobias Fuhrmann

Corpo­rate Finance Advi­sor Seller: Oaklins AG

Oliver Grigat (Direc­tor, Frank­furt); Felix Daetz (Asso­ciate, Hamburg); Iwen Boje (Analyst, Frankfurt)

About Zig

Since its foun­da­tion in 2001, Zig has deve­lo­ped into a leading company in the resi­den­tial real estate sector. The company offers a wide range of solu­ti­ons, inclu­ding ERP, CRM and BI. Zig provi­des its soft­ware to a broad custo­mer base of over 200 orga­niza­ti­ons. Custo­mers include De Alli­an­tie, Roch­dale, Sociale Verhu­ur­ders Haag- landen, DUWO, Mooi­land, Klik voor Wonen, Thuis in Limburg, Elkien, Bouw­in­vest and A.S.R. The company employs over 250 people.

About Doozer

Doozer is a German provi­der of real estate manage­ment soft­ware and a digi­tal plat­form that enables real estate compa­nies to digi­tally map, initiate and moni­tor reno­va­tion proces­ses. The company was foun­ded in 2014 and is based in Berlin. The company’s focus is on the resi­den­tial real estate sector with well-known clients such as LEG, Adler and degewo. Over 400,000 apart­ments are curr­ently regis­tered on the Doozer plat­form.

About Main Capital

Main Capi­tal Part­ners is a leading soft­ware inves­tor in the Bene­lux, DACH region, the Nordics and the United States with appro­xi­m­ately EUR 6 billion in assets under manage­ment. Main has more than 20 years of expe­ri­ence in the deve­lo­p­ment of soft­ware compa­nies and works closely with the manage­ment teams of its port­fo­lio as a stra­te­gic part­ner to achieve profi­ta­ble growth and create larger, outstan­ding soft­ware compa­nies. As a leading soft­ware inves­tor mana­ging private equity funds in Northwest Europe and North America, Main employs 70 people in its offices in The Hague, Düssel­dorf, Stock­holm, Antwerp and an affi­lia­ted office in Boston. Main holds an active port­fo­lio of over 45 soft­ware compa­nies. The port­fo­lio compa­nies employ over 12,000 people in Summer. Through the Main Social Insti­tute, Main supports students with grants and scho­lar­ships to study IT and compu­ter science at tech­ni­cal univer­si­ties and univer­si­ties of applied scien­ces.

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