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News-Kategorie: Private Equity

EMERAM subsidiary Officium takes over further measurement service provider ifena

Munich — Offi­cium GmbH has comple­ted the acqui­si­tion of ifena GmbH, success­fully conti­nuing its buy-and-build stra­tegy. The fast-growing port­fo­lio company of the invest­ment company EMERAM is inde­pen­dent and one of Germany’s leading mete­ring and billing service provi­ders for water and heat in apart­ment buil­dings and commer­cial proper­ties. As an umbrella company of regio­nal mete­ring service provi­ders, the current tran­sac­tion means that the company has acqui­red nine provi­ders in the past 22 months and mana­ges more than one million meters. — The parties have agreed not to disc­lose the purchase price. Offi­cium was advi­sed by Noerr (Legal).

With its ninth acqui­si­tion, Offi­cium is now also repre­sen­ted in the Munich metro­po­li­tan region. The Group is thus consist­ently expan­ding its presence in Bavaria.

Dr. Alexis Tran-Viet (Photo © Emeram)., Part­ner at EMERAM Capi­tal Part­ners, explains: “With ifena, Offi­cium beco­mes a tech­no­logy company with soft­ware that can read and analyze data across manu­fac­tu­rers and can there­fore be used much more flexi­bly. This means that new busi­ness areas such as the digi­tiz­a­tion of real estate and energy effi­ci­ency coope­ra­ti­ons resul­ting from the amend­ment of the Heating Costs Ordi­nance can be deve­lo­ped more quickly.”

Stephan Kier­meyer, Mana­ging Direc­tor of Offi­ciumadds: “By further deve­lo­ping and scaling ifena’s open plat­form, we will be able to offer our custo­mers and part­ners other services and products in addi­tion to heating cost billing that make a valu­able contri­bu­tion to climate protec­tion. The aim is to further expand our market share in Munich, both orga­ni­cally and inor­ga­ni­cally. With our expe­ri­ence and inno­va­tive strength, for example in digi­tal solu­ti­ons, we are a strong part­ner for property manage­ment compa­nies. In addi­tion, we offer a future-proof soft­ware plat­form for other inde­pen­dent mete­ring service provi­ders who are facing tech­no­lo­gi­cal chal­len­ges or are simply looking for a succes­sion solu­tion for their company. Our pipe­line for further growth is well filled.”

ifena foun­der Alex­an­der Lass­lop: “We are deligh­ted about the sale to an expe­ri­en­ced and fast-growing provi­der of heating cost billing services in Germany. The tech­no­logy deve­lo­ped by ifena will enable even more consu­mers to enjoy daily consump­tion trans­pa­rency and thus savings in the future. Against the back­drop of current price incre­a­ses in the energy sector and ambi­tious climate protec­tion targets, this is more rele­vant than ever and can be offe­red to all inte­res­ted Offi­cium custo­mers in the future.”

ABOUT OFFICIUM — www.officium.gmbh

Offi­cium GmbH is one of the leading inde­pen­dent mete­ring and energy service provi­ders for consump­tion-based mete­ring and billing of water and heat for the housing indus­try. The company was estab­lis­hed as a plat­form invest­ment of funds advi­sed by EMERAM in 2020. As an umbrella company, Offi­cium mana­ges nume­rous regio­nal provi­ders and has a presence prima­rily in Berlin, Bran­den­burg, Lower Saxony, North Rhine-West­pha­lia (for example, Düssel­dorf and Duis­burg), Meck­len­burg-Western Pome­ra­nia, Saxony-Anhalt (Dessau-Roßlau), Saxony (Dres­den and Chem­nitz), Thurin­gia, and Bava­ria (Upper and Lower Fran­co­nia and Munich). Custo­mers are prima­rily small and medium-sized property manage­ment compa­nies and private landlords. More than one million measu­ring units are now supplied.

About EMERAM CAPITAL PARTNERS — www.emeram.com

EMERAM is one of the leading invest­ment mana­gers for medium-sized compa­nies in German-spea­king coun­tries. Funds advi­sed by EMERAM provide more than €500 million in capi­tal for the deve­lo­p­ment of growth compa­nies. The port­fo­lio inclu­des compa­nies from the Technology/Software, Value-added Services and New Consu­mer Stap­les sectors. EMERAM acts as a long-term busi­ness deve­lo­p­ment part­ner for its compa­nies and promo­tes the sustainable growth (orga­nic and inor­ga­nic) of the port­fo­lio compa­nies. In addi­tion, the focus is on the imple­men­ta­tion of holistic ESG concepts.

The port­fo­lio curr­ently consists of six plat­form invest­ments with a cumu­la­tive work­force of more than 2,500. The compa­nies conti­nuously achieve double-digit orga­nic sales growth. In addi­tion, a total of 31 add-on acqui­si­ti­ons to date have acce­le­ra­ted growth and enab­led inter­na­tio­nal expansion.

 

Paragon Partners sells inprotec AG to International Chemical Investors Group

Heitersheim/ Munich — Para­gon Part­ners and the mino­rity share­hol­ders sell 100% of the shares in inpro­tec to Inter­na­tio­nal Chemi­cal Inves­tors Group. The tran­sac­tion is still subject to appro­val by the rele­vant anti­trust authorities.

Based in Heiters­heim, Baden-Würt­tem­berg, inpro­tec AG is a leading service provi­der for indus­trial contract drying and granu­la­tion based on spray drying, spray granu­la­tion, fluid bed coating as well as matrix encap­su­la­tion. Para­gon acqui­red a majo­rity stake in inpro­tec in 2018 and has since inves­ted more than €20 million in expan­ding its produc­tion faci­li­ties. During the past four years, inpro­tec has signi­fi­cantly expan­ded its market posi­tion as a tech­no­logy leader in large-volume granu­la­tion and drying proces­ses, further broa­dened its custo­mer base, and achie­ved profi­ta­ble busi­ness deve­lo­p­ment with double-digit annual growth rates.

Based on the special strengths of the company, the current manage­ment will conti­nue the success­ful corpo­rate deve­lo­p­ment of inpro­tec within the ICIG network with ICIG as a future partner.

About Para­gon Partners

Para­gon Part­ners is an owner-mana­ged invest­ment company and has been inves­ting in medium-sized compa­nies in German-spea­king coun­tries since its foun­da­tion in 2004. The invest­ment port­fo­lio spans various indus­tries and curr­ently compri­ses 14 compa­nies. Curr­ently, Para­gon mana­ges more than €1.2 billion in equity. www.paragon.de

About ICIG

Inter­na­tio­nal Chemi­cal Inves­tors Group is a priva­tely owned indus­trial group with total sales of €4 billion. ICIG focu­ses on three main plat­forms: Fine Chemi­cals under the Weyl­Chem brand, Chlo­ro­vi­nyls under the Vynova brand, and Enter­pri­ses with specia­li­zed compa­nies in fermen­ta­tion products, viscose fila­ments, acti­va­ted carbon and wood preser­va­tion chemi­cals (inclu­ding “Corden BioChem”, “ENKA”, “Carbo­Tech” and “Rütgers Orga­nics”). Since its foun­ding in 2004, ICIG has grown to include more than 20 inde­pen­dent chemi­cal compa­nies, all of which have their origins in large global chemi­cal or phar­maceu­ti­cal groups. Today, the ICIG compa­nies employ around 4,500 people and operate more than 20 produc­tion sites in Europe and the United States. Addi­tio­nal infor­ma­tion can be found at www.ic-investors.com.

Clif­ford Chance advi­sed Para­gon Part­ners and the mino­rity share­hol­ders on the sale of 100% of the shares in inpro­tec to Inter­na­tio­nal Chemi­cal Inves­tors Group.

The Clif­ford Chance team was led by part­ner Dr. Mark Aschen­bren­ner (Corporate/Private Equity, Munich).

 

Exit: Active Capital sells shares in SchahlLED Lighting to Thorpe

Munich/ Worces­ter­shire (UK) — ARQIS has advi­sed Active Capi­tal Company (ACC) on the sale of its majo­rity stake in LED specia­list Schahl­LED Ligh­t­ing (Schahl­LED) to FW Thorpe Plc (Thorpe).

ACC inves­ted in Schahl­LED in 2019 as ACC’s first direct invest­ment in Germany. Schahl­LED is a provi­der of intel­li­gent indus­trial ligh­t­ing solu­ti­ons. The company is based in Unter­schleiß­heim near Munich and is active in Germany, Austria, Switz­er­land and Poland. Toge­ther with manage­ment, ACC has achie­ved strong growth for the company and has become the prefer­red LED solu­tion provi­der for many play­ers in indus­try and logistics. The incor­po­ra­tion into the Thorpe Group marks the begin­ning of the next growth phase for Schahl­LED, espe­cially for the expan­sion across Europe. The current manage­ment will remain with the company.

Thorpe, head­quar­te­red in Worces­ter­shire, UK and listed on the London Stock Exchange, designs, manu­fac­tures and supplies profes­sio­nal ligh­t­ing equip­ment. The acqui­si­tion of Schahl­LED builds on a success­ful part­ners­hip. Schahl­LED and Thor­lux Ligh­t­ing, a divi­sion of FW Thorpe Plc Group, have already been working toge­ther since 2019, distri­bu­ting Smart­Scan ligh­t­ing control products mainly in the German market.

The ARQIS team of Dr. Mauritz von Einem and Dr. Chris­tof Alex­an­der Schnei­der has advi­sed ACC on several tran­sac­tions in recent years, inclu­ding two add-on tran­sac­tions for Schahl­LED. ACC is an inde­pen­dent private equity inves­tor focu­sing on small and medium-sized compa­nies in the Nether­lands and Germany. ACC maxi­mi­zes the long-term value of its invest­ments by helping manage­ment execute value-added projects and provi­ding access to its exten­sive part­ner network.

Advi­sor ACC: ARQIS (Düsseldorf/ Munich)
Dr. Mauritz von Einem, Dr. Chris­tof Alex­an­der Schnei­der (both lead/ Transactions/ M&A); Coun­sel: Donata Lasson (Labor Law); Mana­ging Asso­ciate: Benja­min Bandur (Corporate/M&A), Nora Meyer-Strat­mann (IP); Asso­ciate: Chris­toph Lutz (Corporate/M&A)

Advi­sors to Thorpe: BDO Legal
Thors­ten Schu­ma­cher, Dr. Konstan­tin Michelsen

About ARQIS
ARQIS is an inde­pen­dent busi­ness law firm opera­ting inter­na­tio­nally. The firm was foun­ded in 2006 in Düssel­dorf, Munich and Tokyo. Around 80 lawy­ers and legal specia­lists advise domestic and foreign compa­nies at the highest level on German and Japa­nese busi­ness law. With the focus groups Tran­sac­tions, HR.Law, Japan, Data.Law and Risk, the firm is focu­sed on provi­ding holistic advice to its clients. www.arqis.com.

DTCP Closes $300 Million Growth Equity III Fund

Berlin — First closing of $300 million Growth Equity III Fund for DTCP. The fund was laun­ched in March 2022 and has raised capi­tal from new and exis­ting inves­tors, inclu­ding Deut­sche Tele­kom and Soft­Bank Group Inter­na­tio­nal, as well as other insti­tu­tio­nal inves­tors, pension funds, corpo­ra­ti­ons and family offices. DTCP plans to conti­nue to raise substan­tial capi­tal for the fund and aims to complete fund­rai­sing in 2023. A YPOG team led by Jens Kretz­sch­mann advi­sed DTCP on the first closing.

In line with DTCP’s success­ful data-driven invest­ment stra­tegy, the Growth Equity III Fund invests in cloud-based enter­prise soft­ware and soft­ware-as-a-service (SaaS) compa­nies in cyber­se­cu­rity, Web3, AI, fintech, verti­cal SaaS solu­ti­ons, and IT appli­ca­ti­ons and cloud infra­st­ruc­ture soft­ware. The Fund is seeking appro­xi­mately 25 equity invest­ments of $20 million to $25 million for early growth or expan­sion stage compa­nies, typi­cally as part of a Series B through D or late stage finan­cing round. The fund focu­ses on leading compa­nies in Europe, Israel and the USA that have a solid market posi­tion and a tech­no­lo­gi­cal edge.

Thomas Preuss, Mana­ging Part­ner at DTCP Growth, said, “Our GE III fund is a conti­nua­tion of a proven stra­tegy, and we would like to thank our exis­ting and new inves­tors for their support and trust. With one of the largest specia­list teams for cloud-based enter­prise soft­ware in Europe, we aim to conti­nue suppor­ting outstan­ding entre­pre­neurs and market leaders in the fast-growing cloud-based enter­prise soft­ware ecosys­tem and create attrac­tive co-invest­ment oppor­tu­nities for our investors.”

Consul­tant DTCP: YPOG

Jens Kretz­sch­mann (Lead, Funds), Part­ner; Andreas Korten­dick (Tax), Part­ner ; Lenn­art Lorenz (Regu­la­tory), Part­ner; Martin Braun (Funds, Tax), Asso­ciate; Dr. Niklas Ulrich (Regu­la­tory), Senior Asso­ciate; Michael Blank (Funds), Asso­ciate; Stefa­nie Nagel (Regu­la­tory, ESG), Associate

About DTCP

DTCP is an inde­pen­dent invest­ment manage­ment plat­form focu­sed on digi­tal trans­for­ma­tion. DTCP Infra invests in fiber optic networks, mobile towers and data centers. DTCP Growth invests in leading compa­nies that provide cloud-based enter­prise soft­ware. The driving force behind the company’s stra­te­gies is the belief that the conver­gence of networks and the Inter­net will create more wealth, trans­form more busi­nes­ses and unleash more inno­va­tion than any other deve­lo­p­ment in the history of tech­no­logy. DTCP and its part­ner compa­nies have offices in Hamburg, London, Luxem­bourg, San Fran­cisco, Seoul and Tel Aviv. https://www.dtcp.capital

About YPOG

YPOG is a specia­list tax and commer­cial law firm opera­ting in the core areas of Funds, Tax 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 natio­nally and inter­na­tio­nally ranked by JUVE, Best Lawy­ers, Legal 500, Focus, and Cham­bers and Part­ners. Today, YPOG employs more than 100 expe­ri­en­ced lawy­ers, tax advi­sors, tax specia­lists and a notary in three offices in Berlin, Hamburg and Cologne.

With their ample funding, they are well equipped for the steps ahead, sayEstelle Merle and Charlotte Pallua (r.) - Copyright: topi

topi raises $45 million to establish hardware-as-a-service

Berlin — Berlin-based fintech topi, foun­ded in 2021, has raised $45 million, inclu­ding $15 million in equity. The round is again led by Crean­dum and Index Ventures with parti­ci­pa­tion from Sili­con Valley-based Triple­Point Capi­tal. This means that the start-up has raised almost 50 million US dollars in less than a year. topi’s tech­ni­cal infra­st­ruc­ture enab­les resel­lers and manu­fac­tu­rers to offer hard­ware subscrip­ti­ons to busi­ness custo­mers. This will revo­lu­tio­nize the way compa­nies procure hard­ware and drive the tran­si­tion to a circu­lar economy.

topi enab­les retailers and manu­fac­tu­rers to offer their products as subscriptions

Globally, more than $3,700 billion* in capi­tal expen­dit­ures are made annu­ally. In the field of elec­tro­nic equip­ment alone, a wide variety of opera­ting resour­ces have to be procu­red, ranging from compu­ters, moni­tors, smart­pho­nes or prin­ters to indus­try-speci­fic special machinery. Owners­hip of these physi­cal assets, howe­ver, invol­ves both finan­cial and opera­tio­nal costs for compa­nies. topi enab­les compa­nies to rent hard­ware, turning expen­sive invest­ments into low monthly opera­ting costs. In addi­tion, it helps compa­nies avoid obso­lete hard­ware, save time mana­ging exis­ting devices, improve opera­tio­nal flexi­bi­lity and opti­mize cash flow.

For manu­fac­tu­rers and retailers, hard­ware subscrip­ti­ons are compli­ca­ted and come with a variety of chal­len­ges, such as: Risk and fraud manage­ment, refi­nan­cing, the inclu­sion of insurance offe­rings and the asso­cia­ted payment flows. With the subscrip­tion option embed­ded in the purcha­sing process, B2B resel­lers will be able to offer hard­ware-as-a-service in the online store, tele­sa­les and in stores. topis fraud and risk system checks custo­mers’ credit­wort­hi­ness in real time. Retailers and manu­fac­tu­rers are thus expan­ding their custo­mer base and impro­ving both the custo­mer expe­ri­ence and the loyalty of their customers.

“We are making the as-a-service models that have long been estab­lis­hed for soft­ware the stan­dard for hard­ware as well,” explain Estelle Merle and Char­lotte Pallua, the foun­ders of topi. “Our subscrip­tion plat­form ensu­res that busi­ness custo­mers can protect their cash while their employees never have to work with outda­ted equip­ment again. We firmly believe that in the future, every retailer and manu­fac­tu­rer will also need to offer their products as a subscrip­tion model in order to remain competitive.”

Stra­te­gic part­ners­hip with GRAVIS

topi also announ­ces a stra­te­gic part­ners­hip with GRAVIS. As one of the leading elec­tro­nics retailers in Germany, the company is the first to offer a subscrip­tion model with the fintech’s platform.

“We’ve been looking for a part­ner like topi for a long time,” says Jan Sper­lich, CEO of GRAVIS. “We are thril­led that our busi­ness custo­mers can now easily rent their IT equip­ment in real time and without complex proces­ses and bureau­cra­tic paper­work. Already during the pilot phase, almost half of our busi­ness custo­mers who rented hard­ware with topi have rented products again. We look forward to further colla­bo­ra­tion and expan­ding our offe­ring using topi’s platform.”

Jan Hammer and Julia Andre, part­ners at Index Ventures, join topi’s Board of Direc­tors. Says Andre, “Compa­nies want to focus on getting good results and not get bogged down by the comple­xity of equip­ment procu­re­ment. topi elimi­na­tes the confu­sion of vendors and costs that make opera­ting equip­ment leasing so diffi­cult, and offers a hard­ware subscrip­tion solu­tion for dealers that opens up unpre­ce­den­ted terms to their busi­ness custo­mers. We are impres­sed with the speed of imple­men­ta­tion at topi and believe they are in the opti­mal posi­tion to make this change happen at scale.”

Around 50 million tons of e‑waste end up in land­fills world­wide every year**, which is over 7 kg per person. Manu­fac­tu­rers need to think more long term and not just focus on the purchase, but consi­der how to give the product a second life or how to recy­cle them properly. At a time when the world is turning more and more to the circu­lar economy, topi will play a key role in redu­cing hard­ware waste.

“We believe topi will be one of the driving forces in resha­ping B2B payments,” said Simon Schmincke, gene­ral part­ner at Crean­dum, who also joins the board of direc­tors. “The idea is inno­va­tive, fills a gap that has exis­ted for far too long, and bene­fits ever­yone. In the end, it will be about imple­men­ta­tion. And in terms of that, topi has put toge­ther an incredi­ble team, the likes of which we’ve rarely seen in a company at this stage.”

topi was foun­ded by Char­lotte Pallua and Estelle Merle, who met at Harvard Busi­ness School and have held leaders­hip posi­ti­ons at Apple and Gold­man Sachs. Since its foun­ding last year, topi has grown into a company with 35 employees from 13 coun­tries. The team comes from compa­nies such as Revo­lut, PayPal, GoCard­less, Checkout.com, N26, McKin­sey, BCG and Meta. Half of the leaders­hip team and 60% of the tech team are female. topi is head­quar­te­red in Berlin, but is being built as a remote-first company to secure talent across Europe. Two thirds of the team work from other Euro­pean countries.

Notes: * S&P Global Market Intel­li­gence, global corpo­rate capi­tal expen­dit­ure, ** Statista, Global e‑waste statis­tics and facts.

About topi
topi is a fintech company whose tech­ni­cal infra­st­ruc­ture enab­les merchants and manu­fac­tu­rers to offer hard­ware subscrip­ti­ons to their busi­ness custo­mers. The Hard­ware-as-a-Service plat­form allows dealers to conve­ni­en­tly offer their products as rentals to their busi­ness custo­mers online, in tele­sa­les or in the store. The Berlin-based company was foun­ded in 2021 by Char­lotte Pallua and Estelle Merle. topi is funded by Index Ventures, Crean­dum and Sili­con Valley-based Triple­Point Capi­tal, as well as foun­ders and early employees from Adyen, Stripe, N26, Senn­der, Wefox, HelloFresh, Cloud­flare, Perso­nio, Foodora and more

About Crean­dum
Crean­dum, foun­ded in 2003, is a leading pan-Euro­pean venture capi­tal fund. The fund’s port­fo­lio inclu­des more than 120 compa­nies across a wide range of indus­tries, inclu­ding some of Europe’s most success­ful tech compa­nies, e.g. Spotify, Klarna, Depop, Kry, Trade Repu­blic, Pleo and Vivino. Today, one in six of these compa­nies is a Unicorn.

Creandum’s consul­ting teams are based in Stock­holm, London, Berlin and San Fran­cisco. They have exten­sive opera­tio­nal exper­tise with which they support port­fo­lio compa­nies of the fund from the seed phase to exit and with the aim of making them global market leaders in their cate­gory. For more infor­ma­tion, visit www.creandum.com.

About Index Ventures
Index Ventures invests in outstan­ding foun­ders who are not only ideally posi­tio­ned through rele­vant expe­ri­ence and/or exper­tise, but also intrinsi­cally moti­va­ted to realize their ideas. Index helps entre­pre­neurs build global busi­nes­ses from their visio­nary ideas and use them to make a posi­tive impact on the world.

EMERAM subsidiary ]init[ takes over Swiss Ironforge Consulting

Munich/Berlin — ]init[ AG für digi­tale Kommu­ni­ka­tion, a port­fo­lio company of the invest­ment compa­nies EMERAM and Rivean Capi­tal, is expan­ding its inter­na­tio­nal public sector busi­ness with the acqui­si­tion of the Swiss company Ironf­orge Consul­ting AG. The tran­sac­tion, effec­tive Septem­ber 1, 2022, has now been success­fully comple­ted. The aim is to tap into the Swiss market as well as to further deve­lop the port­fo­lio for end-to-end digi­tiz­a­tion solu­ti­ons. ]init[, with more than 800 employees, is consi­de­red one of the leading project service provi­ders in the field of digi­tal transformation.

Since Septem­ber 1, ]init[ has held 100 percent of the shares in the Swiss IT consul­tant Ironf­orge. Ironf­orge Consul­ting AG is an estab­lis­hed player in the Swiss market since 2009 with 35 employees. The company’s custo­mers include a large number of Swiss federal minis­tries. In addi­tion, Ironf­orge also works for admi­nis­tra­tion-rela­ted compa­nies such as Swiss Post and Swiss­com. Among other things, Ironf­orge has parti­ci­pa­ted in the deve­lo­p­ment of a Swiss ePor­tal for the administration.

The part­ners­hip will further streng­t­hen Ironforge’s posi­tion in its core markets in Switz­er­land and enable it to accom­pany the Swiss admi­nis­tra­tion along the entire digi­tiz­a­tion process. The company is thus aligning itself with the conti­nuing growth in demand for holistic digi­tiz­a­tion in the public sector and is crea­ting offe­rings for the consis­tent intro­duc­tion and opti­miz­a­tion of front-end and back-end solutions.

The current manage­ment team of Ironf­orge around the two mana­ging direc­tors Roberto Santo­vito and Gianni Lepore will accom­pany the further deve­lo­p­ment of the company. Both will retain a stake in the company to drive the expan­sion of Ironf­orge toge­ther with ]init[. In return, Harald Felling, CEO of ]init[ AG, will join the board of direc­tors of Ironf­orge AG.

Dr. Chris­tian Näther, Mana­ging Part­ner at EMERAM Capi­tal Part­ners (Photo: Emeram), comments: ”]init[ is a digi­tal success story par excel­lence. With the acqui­si­tion, the company streng­t­hens its inter­na­tio­nal orien­ta­tion and gains an important loca­tion abroad. As a busi­ness deve­lo­p­ment part­ner, we compre­hen­si­vely support ]init[’s dyna­mic growth course. This has enab­led the company to signi­fi­cantly expand its market posi­tion in recent years. We conti­nue to see consi­derable oppor­tu­nities for the future, also through further acquisitions.”

Harald Felling, CEO of ]init[ AGIronf­orge and we share a common culture, a very simi­lar DNA and a strong focus on the public sector. We are there­fore deligh­ted to be able to promote Ironf­orge with our many years of expe­ri­ence in end-to-end digi­tiz­a­tion in the public sector and support it in its further growth. In this way, we want to help shape the digi­tal trans­for­ma­tion of Switzerland’s like­wise feder­ally orga­ni­zed administration.”

Gianni Lepore, foun­der and CEO of Ironf­orge AG, adds: “With ]init[ as an expe­ri­en­ced part­ner, Ironf­orge will conti­nue its success story with even more power. We want to signi­fi­cantly expand our depth and breadth of services in order to provide our custo­mers with even better support for IT projects and digi­ta­liz­a­tion projects. In this way, we want to become a central driver of user-centric digi­tiz­a­tion for the Swiss administration.”

The parties have agreed not to disc­lose the purchase price.

Advi­sors ]init[ : Noerr and Wenger Platt­ner (Legal) and BDO (Finan­cial)

About ]init[ — www.init.de

]init[ AG für digi­tale Kommu­ni­ka­tion is one of the leading full-service provi­ders for digi­tal projects in Germany. The company employs over 800 people (FTE) in Berlin, Bremen, Hamburg, Colo­gne, Munich and Mainz.

With fee reve­nues of over EUR 138 million, ]init[ is one of the ten fastest-growing Inter­net agen­cies accord­ing to the BVDW 2022 ranking. In the ranking of digi­tal expe­ri­ence service provi­ders by Lünen­donk & Hossen­fel­der, ]init[ ranked 13th in 2021 as a “rising star” with an impro­ve­ment. ]init[’s more than 500 custo­mers include the Press and Infor­ma­tion Office of the German Federal Government as well as nume­rous federal and state minis­tries, Conti­nen­tal AG, BSH Haus­ge­räte and Heidel­berg Cement.

ABOUT Ironf­orge Consul­ting AG ‑www.ironforge.ch

Ironf­orge Consul­ting AG is an inde­pen­dent and neutral IT consul­ting company based in Muri near Bern and a subsi­diary of the German ]init[ AG für digi­tale Kommu­ni­ka­tion since Septem­ber 2022. The Ironf­orge manage­ment team is formed by Roberto Santo­vito (COO) and Gianni Lepore (Foun­der and CEO). They are the first point of contact for all matters.

In its core areas of Project Services and Busi­ness Services, Ironf­orge supports its custo­mers from the plan­ning and concep­tion to the imple­men­ta­tion of their ICT projects. The consul­tants include expe­ri­en­ced IT project mana­gers, busi­ness analysts and poly­va­lent IT experts. In addi­tion to nume­rous Swiss federal offices and various cantons, custo­mers also include admi­nis­tra­tion-rela­ted compa­nies. Ironf­orge curr­ently employs 35 people and was foun­ded in 2009.

About EMERAM CAPITAL PARTNERS — www.emeram.com

EMERAM is one of the leading invest­ment mana­gers for medium-sized compa­nies in German-spea­king coun­tries. Funds advi­sed by EMERAM provide more than €500 million in capi­tal for the deve­lo­p­ment of growth compa­nies. The port­fo­lio inclu­des compa­nies from the Technology/Software, Value-added Services and New Consu­mer Stap­les sectors. EMERAM acts as a long-term busi­ness deve­lo­p­ment part­ner for its compa­nies and promo­tes the sustainable growth (orga­nic and inor­ga­nic) of the port­fo­lio compa­nies. In addi­tion, the focus is on the imple­men­ta­tion of holistic ESG concepts.

The port­fo­lio curr­ently consists of six plat­form invest­ments with a cumu­la­tive work­force of more than 2,500. The compa­nies conti­nuously achieve double-digit orga­nic sales growth. In addi­tion, a total of 30 add-on acqui­si­ti­ons to date have acce­le­ra­ted growth and enab­led inter­na­tio­nal expansion.

Verdane acquires stake in Qbtech / ADHD diagnostic software

Stock­holm | Hous­ton — Qbtech, the soft­ware provi­der of the objec­tive ADHD tests QbTest and QbCheck, today announ­ces an invest­ment from growth-focu­sed equity inves­tor Verdane. Qbtech is the market leader in objec­tive measu­re­ment of ADHD symptoms and is trans­forming ADHD treat­ment for indi­vi­du­als and society at large. In colla­bo­ra­tion with health­care and educa­tion profes­sio­nals in the U.S. and Europe, Qbtech shor­tens time to diagno­sis and enab­les opti­miz­a­tion of treat­ment for child­ren and adults with ADHD. Verdane’s invest­ment will help Qbtech further acce­le­rate growth through new tech­no­lo­gies, new custo­mer segments and by signi­fi­cantly expan­ding in exis­ting markets.

Qbtech’s mission is to improve the lives of people with ADHD and to help more pati­ents access quality treat­ment. To achieve this, Qbtech will support pati­ents and promote new models of care that incre­ase access to care while impro­ving clini­cal and medi­cal outco­mes. Qbtech’s current products improve the skills of profes­sio­nals through objec­tive data and trai­ning, helping to address the dual chal­len­ges of work­force shor­ta­ges and the drama­tic incre­ase in demand for ADHD care following the COVID pande­mic. Future products will build on this and put pati­ents at the center of their treatment.

“Verdane is an expe­ri­en­ced inves­tor in health­care soft­ware, and we look forward to working with Qbtech at this pivo­tal moment in their growth jour­ney,” said Henrik Aspén of Verdane (photo, copy­right Verdane). “Qbtech offers unique tech­no­logy that is driving the stan­dard for clini­cal vali­da­tion and advan­cing new tech­no­lo­gies at a rapid pace. Our team is impres­sed with their breakthrough, inno­va­tive tech­no­lo­gies that improve care, reduce health­care costs and provide an amazing expe­ri­ence for pati­ents and their families.”

The invest­ment in Qbtech is made from Verdane’s Idun Fund, which is clas­si­fied as “Arti­cle 9” under the EU Finan­cial Disclo­sure Regu­la­tion. Idun makes invest­ments focu­sed on driving impact in three areas: Energy Tran­si­tion, Sustainable Consump­tion, and Resi­li­ent Commu­nities. Previous invest­ments include Auntie, a digi­tal provi­der of work­place well­ness services; Spond, a digi­tal provi­der of grass­roots sports and physi­cal health; and EVA Global, a mana­ged services provi­der suppor­ting the global shift to electric vehi­cles. To date, Verdane has inves­ted in over 30 sustainable society companies.

“We are plea­sed that Verdane is confi­dent in our track record and mission to trans­form ADHD care. We have always stri­ved to import the best aspects of health­care tech­no­logy into medi­cal tech­no­logy, and Verdane’s exper­tise in tech­no­logy and soft­ware-enab­led busi­nes­ses will be of great value to us,” said Carl Reuter­s­kiold, CEO of Qbtech.

About Qbtech

Foun­ded in 2002, Qbtech is a priva­tely held Swedish company that has deve­lo­ped leading solu­ti­ons and products to improve the iden­ti­fi­ca­tion, diagno­sis, treat­ment and follow-up of pati­ents with ADHD. Qbtech opera­tes in 13 coun­tries and has offices in Stock­holm, Hous­ton and London. Qbtech is an award-winning company reco­gni­zed for its inno­va­tion, and was recently awar­ded the 2022 HSJ Part­ners­hip Award for “Best Part­ners­hip with the NHS in Mental Health. www.qbtech.com

About Verdane

Verdane is a growth capi­tal invest­ment specia­list firm that part­ners with tech­no­logy-based and sustainable Euro­pean compa­nies to help them reach the next level of inter­na­tio­nal growth. Verdane can invest as a mino­rity or majo­rity inves­tor, either in indi­vi­dual compa­nies or in port­fo­lios of compa­nies, and focu­ses on three core themes: the digi­tal consu­mer, soft­ware ever­y­where and sustainable society. The Verdane funds have a total volume of over 4 billion euros and have made over 140 invest­ments in fast-growing compa­nies since 2003. Verdane’s team consists of more than 100 invest­ment and opera­tio­nal profes­sio­nals based in Berlin, Copen­ha­gen, Helsinki, London, Oslo and Stock­holm and aims to be the prefer­red growth part­ner for tech­no­logy-enab­led and sustainable compa­nies in Europe.

CIC sells photovoltaic assets to infrastructure investors

Regens­burg — The share­hol­ders of CIC Erneu­er­bare Ener­gien GmbH (“CIC”) of Regens­burg have sold the photo­vol­taic plants already in opera­tion to the infra­st­ruc­ture inves­tor Blue­field Revive Italia Srl (“BRI1”) of Milan and to Solar­Ka­pi­tal GmbH (“Solar­Ka­pi­tal”) of Frank­furt am Main. The PV port­fo­lio of a total of nine systems inclu­des one of the world’s largest carport systems. This part of the tran­sac­tion was sold to BRI1, an Italian subsi­diary of Blue­field Part­ners LLP (“Blue­field”) of London, whereas a smal­ler part of the entire port­fo­lio is connec­ted in Germany and was acqui­red by Solar­Ka­pi­tal. — MAYLAND acted as exclu­sive M&A advi­sor to CIC in this global sell side process.

CIC success­fully deve­lops its own inno­va­tive capi­tal invest­ments and is an estab­lis­hed system provi­der in the rene­wa­ble energy sector with its own sales force. In addi­tion, CIC plans, builds and opera­tes large-scale power plants in the field of rene­wa­ble ener­gies world­wide. CIC is thus constantly commit­ted to the expan­sion of rene­wa­ble ener­gies and to the deve­lo­p­ment of ecolo­gi­cally orien­ted and econo­mi­c­ally viable products.

Blue­field is a long-term invest­ment advi­sor with signi­fi­cant expe­ri­ence in execu­ting and finan­cing tran­sac­tions and advi­sing on rene­wa­ble energy invest­ments in Europe, with a strong presence in Italy. Blue­field is, among other things, invest­ment advi­sor to Blue­field Solar Income Fund Ltd (“BSIF”), the first UK-focu­sed solar fund listed on the London Stock Exchange. Blue­field has led the acqui­si­tion of more than 650 MW of solar PV assets in the UK and Europe for BSIF and other funds advi­sed by Blue­field. In 2021, Blue­field served as invest­ment advi­sor to funds and vehi­cles with total assets under manage­ment of €1.2 billion.

Foun­ded in 2010, Solar­Ka­pi­tal is an invest­ment company that focu­ses exclu­si­vely on invest­ments in the solar indus­try. In doing so, Solar­Ka­pi­tal invests capi­tal and entre­pre­neurs­hip in both compa­nies and PV projects. The port­fo­lio curr­ently inclu­des PV plants in Germany, Greece and France, where Solar­Ka­pi­tal acts as asset manager/IPP.

MAYLAND acted as exclu­sive M&A advi­sor to CIC in this global sell side process and was able to draw on its long-stan­ding exper­tise in the rene­wa­ble energy sector as well as its excel­lent network of finan­cial and infra­st­ruc­ture investors.

About MAYLAND AG

MAYLAND AG is an inde­pen­dent, owner-mana­ged global M&A and corpo­rate finance consul­tancy. We regu­larly deve­lop indi­vi­dual tran­sac­tion struc­tures for our clients for the purchase and sale of compa­nies or parts of compa­nies and arrange any finan­cing requi­red for these tran­sac­tions. In addi­tion, we assist our clients in raising equity and debt capital.

Due to nume­rous comple­ted tran­sac­tions, the MAYLAND team has exten­sive sector know­ledge in various indus­tries, which is comple­men­ted by many years of expe­ri­ence as well as a solid inter­na­tio­nal network of equity and debt inves­tors. www.mayland.de.

About Solar­Ka­pi­tal

Solar­Ka­pi­tal (“SK”), foun­ded in 2010 and based in Frank­furt am Main, is an invest­ment company focu­sed exclu­si­vely on invest­ments in the solar indus­try. SK Kapi­tal invests entre­pre­neu­rial know-how in compa­nies as well as in exis­ting and new PV projects. The port­fo­lio curr­ently inclu­des PV plants in Germany, Greece and France, where SK acts as asset manager/IPP, as well as a 100% stake in ENcome Energy Perfor­mance GmbH (“ENcome”).

SK offers a unique combi­na­tion of inter­na­tio­nal solar, finan­cial, tran­sac­tio­nal and manage­ment exper­tise coupled with inte­grity, relia­bi­lity and sound­ness. SK’s many years of expe­ri­ence in private equity, corpo­rate finance, mid-market and rene­wa­ble energy make it the part­ner of choice for compa­nies in the solar indus­try. https://solarkapital.com

CF Group acquires Starline Group with Crédit Mutuel Equity

Wendlingen/ Valkens­waard (NL) — The Wend­lin­gen am Neckar-based CF Group, the second largest swim­ming pool manu­fac­tu­ring and equip­ment company in Europe, acqui­res the Dutch Star­line Group (“Star­line”). Both compa­nies announ­ced today the closing of the tran­sac­tion. CF Group thus incre­a­ses its sales by more than 12 percent and opens up new custo­mer segments in the Bene­lux market. In line with the conti­nued rapid and success­ful growth and the still very promi­sing outlook for CF Group, Crédit Mutuel Equity is inves­ting addi­tio­nal capi­tal in the company. Crédit Mutuel Equity is the inter­na­tio­nal direct invest­ment company of Crédit Mutuel Alli­ance Fédé­rale and has already accom­pa­nied CF Group as an active mino­rity share­hol­der since the merger with FIJA in 2019.

Based in Valkens­waard, the Nether­lands, Star­line Group has been deve­lo­ping, designing, manu­fac­tu­ring and distri­bu­ting private swim­ming pools, pool covers and various pool equip­ment products since 1973, with a clear focus on the luxury segment. With eight brands, the company is mainly active in the Bene­lux coun­tries and exports its products to 13 other coun­tries. With more than 130 employees and five produc­tion sites in the Nether­lands, Belgium and the United King­dom, Star­line 2021 gene­ra­ted sales of nearly 50 million euros.

CF Group was formed in 2019 by the merger of two family-owned compa­nies, Chemo­form (Germany) and FIJA (France), and has posi­tio­ned itself as one of the leading compa­nies in the manu­fac­ture and distri­bu­tion of equip­ment for private and public swim­ming pools and consum­a­bles for water treat­ment. The company is repre­sen­ted in more than 40 coun­tries with 15 brands and twelve produc­tion and logistics sites.

With the acqui­si­tion of Star­line, CF Group is expan­ding its posi­tion on the Belgian, Dutch and British markets and streng­t­he­ning its swim­ming pool cover busi­ness in parti­cu­lar. Star­line gene­ra­tes more than half of its sales in this busi­ness area and has excel­lent product know-how and exten­sive market know­ledge in this market segment. CF Group and Star­line Group expect the tran­sac­tion to create signi­fi­cant growth oppor­tu­nities in cross-selling as well as poten­tial for effi­ci­ency gains in sourcing. Star­line CEO Victor de Vries will take a stake in the tran­sac­tion in order to parti­ci­pate in its further development.

Cedrik Mayer-Klenk, CEO of Chemo­form AG, said: “With this tran­sac­tion, we are conti­nuing our success­ful growth stra­tegy of ente­ring new markets or addi­tio­nal distri­bu­tion chan­nels by acqui­ring comple­men­tary compa­nies or long-stan­ding coope­ra­tion part­ners. Toge­ther with Star­line, we are moving into a new order of magnitude. The basis for this step in the company’s deve­lo­p­ment is our dyna­mic orga­nic growth over the past three years and the support of Crédit Mutuel Equity, which contri­bu­ted equity, market exper­tise and profes­sio­nal advice on M&A processes.”

Sébas­tien Neiss, Mana­ging Direc­tor of Crédit Mutuel Equity in GermanySince our invest­ment almost three years ago, CF Group has grown orga­ni­cally by around 30 percent and has signi­fi­cantly conso­li­da­ted its posi­tion in the top three swim­ming pool equip­ment suppliers in Europe. We are of course happy to conti­nue to accom­pany this success story and are incre­a­sing our invest­ment for the second time since our invest­ment in 2019 in order to use it to support projects such as the acqui­si­tion of Star­line. As an inves­tor that exclu­si­vely invests equity from our banking group, we have the oppor­tu­nity to accom­pany our port­fo­lio compa­nies for as long as we wish and to let our invest­ment grow along with the company.”

Advi­sor to the transaction:

For the CF Group
M&A: Alan­tra (Wolf­ram Schmerl, Dr. Sven Harm­sen, Lode­wijk Sodder­land, Patrick Bobak)
Funding: Alan­tra (Robert von Fincken­stein, Phil­ipp Holst)
Legal: Heuking Kühn Lüer Wojtek (Rainer Herschlein, Bene­dikt Raisch), Kullen Müller Zinser (Dr. Andreas Beyer)

For Star­line
M&A: Roth­schild & Co (Bastiaan Vaan­dra­ger, Fabien Lenoir, Pierre Scho­on­brodt, Tim Snelders)

About CF Group

CF Group is a leading Euro­pean company for swim­ming pool tech­no­logy, main­ten­ance and water treat­ment. The company was formed by the merger of Chemo­form AG, foun­ded in Wend­lin­gen (Germany) in 1962, and the FIJA Group, foun­ded in Brécé (France) in 1975. With its multi-brand port­fo­lio, CF Group covers the entire spec­trum from construc­tion, equip­ment and main­ten­ance to clean­li­ness, hygiene and care of private and public pools. The group employs more than 1,000 people, opera­tes in more than 40 coun­tries world­wide and gene­ra­tes sales of more than 300 million euros annu­ally. www.chemoform.com

About Crédit Mutuel Equity

Crédit Mutuel Equity bund­les the inter­na­tio­nal direct invest­ment busi­ness of the French banking group Crédit Mutuel Alli­ance Fédé­rale. The subsi­diary offers medium-sized compa­nies solu­ti­ons in all areas of equity financing.

At Crédit Mutuel Equity, the focus is on the rela­ti­ons­hip and close coope­ra­tion between the expe­ri­en­ced invest­ment team and the execu­ti­ves in the port­fo­lio compa­nies. With the long-term perspec­tive of a fund-inde­pen­dent “ever­green” approach, the company has already been success­ful for 40 years.

Crédit Mutuel Equity curr­ently has around 3 billion euros of equity inves­ted, and its port­fo­lio consists of around 300 compa­nies. Since 2016, the company has expan­ded its acti­vi­ties to Canada (Mont­real and Toronto), USA (New York and Boston), Germany (Frank­furt) and Switz­er­land (Geneva and Zurich). www.creditmutuel-equity.eu

About Crédit Mutuel Alli­ance Fédérale

Crédit Mutuel Alli­ance Fédé­rale is one of France’s leading banks with more than 75,000 employees serving 26.7 million custo­mers. With a network of around 4,300 bran­ches, Crédit Mutuel Alli­ance Fédé­rale offers a compre­hen­sive range of services for private custo­mers, the self-employed and compa­nies of all sizes. As one of Europe’s leading banking groups, its equity amoun­ted to EUR 53.2 billion and its CET1 ratio was 18.8% as of Decem­ber 30, 2021.

The Crédit Mutuel Alli­ance Fédé­rale is compo­sed of the Crédit Mutuel sub-asso­cia­ti­ons Centre Est Europe (Stras­bourg), Sud-Est (Lyon), Ile-de-France (Paris), Savoie-Mont Blanc (Annecy), Midi-Atlan­tique (Toulouse), Loire-Atlan­tique and Centre Ouest (Nantes), Centre (Orlé­ans), Normandy (Caen), Dauphiné-Viva­rais (Valence), Médi­ter­ra­néen (Marseille), Anjou (Angers), Massif Central (Cler­mont-Ferrand), Antil­les-Guyane (Fort-de-France) and Nord Europe (Lille).

Crédit Mutuel Alli­ance Fédé­rale also inclu­des Caisse Fédé­rale de Crédit Mutuel, Banque Fédé­ra­tive du Crédit Mutuel (BFCM) and all its subsi­dia­ries, inclu­ding CIC, Euro-Infor­ma­tion, Assuran­ces du Crédit Mutuel (ACM), Targo­bank, Cofi­dis, Banque Euro­péenne du Crédit Mutuel (BECM), Banque de Luxem­bourg, Banque Trans­at­lan­tique and Homi­ris. www.creditmutuelalliancefederale.fr

VR Equitypartner supports growth of Sementis portfolio companies

Frank­furt am Main / Eisen­ach — The Frank­furt-based invest­ment company VR Equi­ty­p­art­ner supports Semen­tis GmbH Stephan Behr Vermö­gens­ver­wal­tung with anot­her mezza­nine financing.

As a family holding company, Semen­tis GmbH combi­nes inte­rests in QSIL SE and IBYKUS AG. Based in Thurin­gia, Germany, QSIL has been produ­cing high-perfor­mance mate­ri­als from high-purity quartz glass and tech­ni­cal cera­mics since it was foun­ded in 1992. The group of compa­nies with produc­tion sites in Germany and the Nether­lands employs around 700 people and has estab­lis­hed itself in recent years as one of the world market leaders in its sector. Foun­ded in 1990, IBYKUS AG, based in Erfurt, Germany, specia­li­zes in IT services in the field of public admi­nis­tra­tion and offers e‑government solu­ti­ons for the admi­nis­tra­tion of subsi­dies at the muni­ci­pal, natio­nal and Euro­pean levels. In addi­tion, its range of services inclu­des inno­va­tive solu­ti­ons for busi­ness process opti­miz­a­tion based on SAP as well as in-house deve­lo­ped enter­prise soft­ware. Around 200 employees work at six loca­ti­ons in Germany.

Stephan Behr welco­mes the further coope­ra­tion: “With VR Equi­ty­p­art­ner, we once again have the reli­able support of a long-stan­ding and expe­ri­en­ced part­ner. In addi­tion to asset real­lo­ca­tion, the new, addi­tio­nal mezza­nine finan­cing prima­rily serves to open up further growth areas for both QSIL and IBYKUS and to drive forward expan­sion efforts.”

Chris­tian Futter­lieb (photo), Mana­ging Direc­tor of VR Equi­ty­p­art­ner, added: “Semen­tis, with its attrac­tive invest­ments in high-growth tech­no­lo­gies and markets, is a long-stan­ding and very trus­ted part­ner. We look forward to conti­nuing down this path together.”

About VR Equi­ty­p­art­ner GmbH

VR Equi­ty­p­art­ner is one of the leading equity finan­ciers in Germany, Austria and Switz­er­land. The company supports medium-sized family busi­nes­ses in a goal-orien­ted manner and with deca­des of expe­ri­ence in the stra­te­gic solu­tion of complex finan­cing issues. Invest­ment oppor­tu­nities include growth and expan­sion finan­cing, corpo­rate succes­sion or share­hol­der chan­ges. VR Equi­ty­p­art­ner offers majo­rity and mino­rity invest­ments as well as mezza­nine finan­cing. As a subsi­diary of DZ BANK, the central insti­tu­tion of the coope­ra­tive banks in Germany, VR Equi­ty­p­art­ner consist­ently puts the sustaina­bi­lity of corpo­rate deve­lo­p­ment ahead of short-term exit thin­king. VR Equitypartner’s port­fo­lio curr­ently compri­ses around 60 commit­ments with an invest­ment volume of EUR 400 million. www.vrep.de.

The tran­sac­tion team at VR Equitypartner:
Chris­tian Ocken­fuß, Patrick Heinze, Dr. Clau­dia Willershausen

Consul­ting firms invol­ved in the tran­sac­tion by VR Equitypartner:

Contract draf­ting and due dili­gence Semen­tis: Flick Gocke Schaum­burg with Dr. Irka Zöll­ter, Dr. Florian Kutt, Larissa Rickli (Tax), Daniel Ternes (Commer­cial).

Due Dili­gence QSIL (Commer­cial): Codex Part­ners with Clemens Beick­ler, Stijn Proost

Due Dili­gence QSIL (Finan­cial, Tax and Legal): tmitAlex­an­der Gerde­nitsch, Patrick Gageur, Dr. Maxi­mi­lian Menges

Exit: ADCURAM sells WOUNDWO sunlight design to SFPI Group

Munich — The Munich-based indus­trial holding ADCURAM Group has sold its stake in the WOUNDWO Group, based in Graz, Austria. The acqui­rer is the Paris-based listed indus­trial group SFPI Group. ADCURAM has accom­pa­nied WOUNDWO inten­si­vely over the past years, repo­si­tio­ned it and success­fully deve­lo­ped it further. Toge­ther with the manage­ment, the turno­ver could be incre­a­sed by more than 50% during this time and the inno­va­tive strength could be signi­fi­cantly streng­t­he­ned. The tran­sac­tion, the details of which have been agreed not to be disc­lo­sed, is still subject to appro­val by the rele­vant anti­trust autho­ri­ties and is expec­ted to be comple­ted by the end of July.

WOUNDWO was foun­ded in 1952 as a trading company in Graz, Austria, and is today a renow­ned quality supplier of sun protec­tion solu­ti­ons with 60 million euros in sales and around 310 employees. WOUNDWO holds a market-leading posi­tion in Austria and is also active in France, Germany and Switz­er­land as well as other coun­tries. The product port­fo­lio of the tradi­tio­nal company inclu­des awnings, exter­nal vene­tian blinds, roller shut­ters, insect screen products and inte­rior privacy and sun protec­tion systems. As an inter­na­tio­nal supplier of high-quality products ‘made in Austria’, WOUNDWO addres­ses the current mega­trends of outdoor living, sustaina­bi­lity and energy effi­ci­ency in the growth market of sun protection.

ADCURAM acqui­red WOUNDWO at the end of 2015. Since then, a stra­tegy for inter­na­tio­na­liz­a­tion has been imple­men­ted with a focus on markets borde­ring Austria. At the same time, WOUNDWO’s exper­tise in textile shading systems was further expan­ded and ancho­red in the market. With the estab­lish­ment of an expe­ri­en­ced, power­ful manage­ment team, it was possi­ble to conti­nuously imple­ment process opti­miz­a­ti­ons and conso­li­date produc­tion at three produc­tion sites in Austria and the Czech Repu­blic. Further deve­lo­p­ment steps in terms of product port­fo­lio and addi­tio­nal inter­na­tio­nal growth are also planned.

“As a market-leading company in Austria, espe­cially in the area of awnings, WOUNDWO was already excel­lently posi­tio­ned at the time of our invest­ment in 2015. Toge­ther with the manage­ment, we have succee­ded in setting up the company for sustainable success inter­na­tio­nally as well. Our opera­tio­nal support has crea­ted the condi­ti­ons for further growth,” explains ADCURAM part­ner Dr. Phil­ipp Gusinde (photo © ADCURAM). Jochen Engelke, member of the advi­sory board of WOUNDWO, adds: “WOUNDWO is an agile, inno­va­tive company with a strong team. We are very happy to have found a part­ner in the SFPI Group that is as entre­pre­neu­rial as it is inno­va­tive and has a lot of expe­ri­ence in the sun protec­tion sector. We wish our colleagues at WOUNDWO all the best on their conti­nued growth path.”

“Over the past years, ADCURAM has posi­tio­ned WOUNDWO as a major player in the Austrian sun protec­tion market with high commit­ment, detailed busi­ness under­stan­ding and stra­te­gic skills. This has been a great time for the company and for us as mana­ging direc­tors. Now we are looking forward to deve­lo­ping WOUNDWO into the next phase of the company with the SFPI Group as a strong, stra­te­gic inves­tor,” explain Alex­an­der Foki and Wolf­gang Kuss, mana­ging direc­tors of WOUNDWO.

About ADCURAM

ADCURAM is a priva­tely owned indus­trial group. ADCURAM acqui­res compa­nies with poten­tial and deve­lops them actively and sustainably. For the future growth of the Group, the capi­tal-strong indus­trial holding company has a total of 300 million euros avail­able for acqui­si­ti­ons. With the help of its own 40-strong team of experts, the indus­trial holding company conti­nues to deve­lop the port­fo­lio compa­nies stra­te­gi­cally and opera­tio­nally. Toge­ther, the Group gene­ra­tes sales of around 730 million euros world­wide with nine holdings and more than 4,500 employees.

ADCURAM sees itself as an entre­pre­neu­rial inves­tor and invests in succes­sion plans and corpo­rate spin-offs. www.adcuram.de

Riverside acquires Norwegian electricity market information provider

Munich, Germany — The River­side Company, a global private equity inves­tor focu­sed on the lower middle market, has signed a defi­ni­tive agree­ment to acquire a majo­rity stake in Montel AS (Montel), a Norwe­gian energy and power market infor­ma­tion provi­der owned by its foun­der and manager.

Montel, head­quar­te­red in Oslo, is an inter­na­tio­nal niche market leader provi­ding energy and power market infor­ma­tion to energy produ­cers, grid opera­tors, finan­cial insti­tu­ti­ons, trading compa­nies and indus­trial end users. The company’s services are prima­rily deli­ve­red through its proprie­tary Montel Online subscrip­tion-based plat­form and include energy market news and real-time and histo­ri­cal trading data.

Montel provi­des full-service energy infor­ma­tion services and is the only focu­sed provi­der of energy market infor­ma­tion services.

“This acqui­si­tion fits well with our invest­ment stra­tegy. “Montel is a true ’small market leader’ in the energy infor­ma­tion market and we believe the company is perfectly posi­tio­ned to bene­fit from the shift from fossil fuels to rene­wa­ble energy sources in many parts of the economy,” said Kars­ten Langer, Mana­ging Part­ner of River­side Europe. “We are plea­sed to invest along­side the foun­der and manage­ment team, who will remain with the company and conti­nue to play an important role in the company’s growth in the years to come.”

River­side will support Montel’s growth by scaling the orga­niz­a­tion to further gain share in a growing market, deve­lo­ping new products and services, and driving geogra­phic expan­sion. In addi­tion, the Group will make selec­tive acqui­si­ti­ons to expand its range of analy­ti­cal services.

Montel’s acti­vi­ties are highly aligned with various ESG aspects and the UN Sustainable Deve­lo­p­ment Goals, as its services help compa­nies gain a better under­stan­ding of their energy consump­tion so they can take action to reduce the causes of climate change in the longer term and enable a smooth tran­si­tion to rene­wa­ble energy consumption.

“We are exci­ted to part­ner with River­side in Montel’s next phase of growth,” said Tom Nyblin, CEO of Montel. “In gene­ral, the demand for infor­ma­tion services and analy­sis for the electri­city market is expec­ted to incre­ase shar­ply in the future. By joining forces with River­side, Montel is in a strong posi­tion to capi­ta­lize on these trends.”

Working with Langer on the tran­sac­tion for River­side were Senior Part­ner Dr. Michael Weber, Vice Presi­dent Dan Parksjö, Senior Direc­tor Jeroen Lens­sen, Opera­ting Part­ner Julian Heer­de­gen and Senior Legal Coun­sel Peter Parmen­tier. Princi­pal, Origi­na­tion, Ali Al Alaf broke­red the tran­sac­tion for River­side. — The closing of the tran­sac­tion is subject to custo­mary regu­la­tory approvals.

Consul­tant Riverside:

BAHR, Allen & Overy, Hannes Snell­man Bain & Company, PWC, Deloitte and Code & Co. advi­sed, while the company and its share­hol­ders were advi­sed by Alpha Corpo­rate Finance, Wier­s­holm and BDO.

The River­side Company

The River­side Company is a global private equity firm focu­sed on invest­ments in middle-market growth compa­nies valued at up to $400 million. Since its foun­ding in 1988, River­side has made over 870 invest­ments. Riverside’s inter­na­tio­nal private equity and struc­tu­red capi­tal port­fo­lios include over 130 compa­nies. River­side Europe is an inte­gral part of the company’s global network and has been inves­ting in Europe since 1989. River­side belie­ves this global presence provi­des excep­tio­nal insight into local condi­ti­ons, culture and busi­ness prac­ti­ces, making the River­side team better inves­tors and busi­ness partners.

AUCTUS acquires laboratory equipment specialist a1-envirosciences

Munich — The private equity inves­tor AUCTUS has acqui­red the a1-envi­ro­sci­en­ces Group, which inclu­des a1-envi­ro­sci­en­ces GmbH of Düssel­dorf and a1-envi­ro­sci­en­ces Ltd. of Warring­ton (UK). The seller was the British company Diploma plc. AUCTUS acqui­res a1 Group to support its conti­nued orga­nic growth by, among other things, adding new product lines and ente­ring addi­tio­nal geogra­phic areas. In addi­tion, growth is also to be acce­le­ra­ted through acqui­si­ti­ons of further labo­ra­tory supply specia­lists by way of a Europe-wide buy-and-build concept.

a1-envi­ro­sci­en­ces is a respec­ted specia­list in medi­cal testing and analy­sis tech­no­logy, as well as quaran­tine tech­no­logy for medi­cal labo­ra­to­ries. a1 has loca­ti­ons in Germany, Great Britain, France, Belgium and the Nether­lands. In this context, a1’s busi­ness model inclu­des consul­ting, sales, user trai­ning and main­ten­ance of sold systems in order to provide a compre­hen­sive service.

AUCTUS is a Munich-based invest­ment company. With a fund capi­tal under manage­ment of more than EUR 800 million and curr­ently 47 plat­form compa­nies from various indus­tries, AUCTUS is one of the leading inves­tors in the German small- and mid-cap sector. The port­fo­lio curr­ently contains 47 plat­form compa­nies from various indus­tries in and outside Europe.

Diploma plc is an inter­na­tio­nally active group of compa­nies with a focus on the life scien­ces, seals and controls sectors.

Advi­sors to AUCTUS Capi­tal Part­ners AG: Heuking Kühn Lüer Wojtek:

Boris Dürr (Lead Part­ner, Corpo­rate Law / M&A), Munich
Marcel Greu­bel (Corpo­rate Law, M&A), Munich
Peter Michael Schäff­ler (Tax Law), Munich
Chris­tian Schild (Corpo­rate Law, M&A), Munich
Andreas Schruff (Corpo­rate Law, M&A), Munich
Dr. Markus Rabe (Banking & Finance), Munich
Dr. Henrik Lay (Tax Law), Hamburg
Dr. Sarah Slavik-Schulz (Tax Law), Hamburg
Sandra Pfis­ter (Banking & Finance), Hamburg
Andreas Wiencke (Banking & Finance), Frankfurt

Advi­sor Diploma plc: Simmons & Simmons

Dr Stephan Ulrich (Lead/Client Part­ner, Corporate/M&A, Dusseldorf)
Slaven Kova­ce­vic (Lead/Counsel, Private Equity/M&A, Dusseldorf)
Sabine Krause (Super­vi­sing Asso­ciate, Private Equity/M&A, Dusseldorf)
Sam Bert­ling (Asso­ciate, Corporate/M&A, Dusseldorf)
Dr Bernulph von Crails­heim (Part­ner, Tax, Frankfurt)
Elmar Wein­and (Coun­sel, Tax, Frankfurt)
Dr Jens Gölz (Part­ner, Finan­cial Markets, Frankfurt)
Peter Louzen­sky (Super­vi­sing Asso­ciate, Finan­cial Markets, Munich)
Dr Martin Gramsch (Coun­sel, Anti­trust, Munich)
Edward Baker (Part­ner, Private Equity/M&A UK, London)
Char­lotte Moor­house (Asso­ciate, Private Equity/M&A UK, London)

Oakley Capital and co-shareholders sell Contabo to KKR

Munich — Oakley Capi­tal Fund IV and other co-share­hol­ders have sold their shares in Cont­abo to KKR. Cont­abo is a fast-growing cloud infra­st­ruc­ture and hosting provi­der based in Munich, Germany, offe­ring simple, easy-to-use cloud services to small busi­nes­ses, deve­lo­pers, prosumers and gamers. With a global network of 24 data centers on four conti­nents, Cont­abo serves a diverse mix of more than 250,000 custo­mers across a wide range of indus­tries. Kirk­land & Ellis advi­sed Oakley Capi­tal Fund IV and other co-share­hol­ders on the sale of Cont­abo to KKR.

The exit will gene­rate a gross return in excess of 10x MM and over 100% IRR to Fund IV. As part of the tran­sac­tion, Oakley Capi­tal Fund V (“Fund V”) will acquire a mino­rity stake in Cont­abo along­side majo­rity inves­tor KKR, to bene­fit from the anti­ci­pa­ted future growth of the busi­ness. t

Advi­sors to Oakley Capi­tal Fund IV and other co-share­hol­ders: Kirk­land & Ellis, Munich

Dr. Benja­min Leyen­de­cker (photo), Dr. David Huth­ma­cher, Dr. Chris­toph Jerger (all lead, all Private Equity/M&A), Dr. Anna Schwan­der (Corpo­rate), Dr. Thomas S. Wilson (Anti­trust & Compe­ti­tion, Brussels); Asso­cia­tes: Dr. Thomas Diek­mann, Dr. Marcus Comman­deur, Lukas Fell­höl­ter, Juliane Hubert, Dr. Tamara Zehent­bauer (all Private Equity/M&A)

Advi­sors to Oakley Capi­tal Fund V: Kirk­land & Ellis, London

Jacob Traff, David Higgins (both lead); Asso­ciate: Kars­ten Silber­na­gel (all Private Equity/M&A)

About Kirk­land & Ellis
With more than 3,000 lawy­ers in 19 offices world­wide, Kirk­land & Ellis is one of the leading inter­na­tio­nal commer­cial law firms. The Munich team provi­des focu­sed advice in the areas of private equity, M&A, corpo­rate, capi­tal markets, rest­ruc­tu­ring, finan­cing and tax law.

Exit for LEA Partners: Sale of wood CAD/CAM market leader SEMA to Bregal

Karlsruhe/ Munich — German tech­no­logy inves­tor LEA Part­ners and Danish IT inves­tor VIA equity announ­ced today that they are selling a majo­rity stake in SEMA, the leading Euro­pean CAD/CAM soft­ware solu­tion in the field of timber construc­tion and prefa­b­ri­ca­ted buil­dings, to Bregal Unter­neh­mer­ka­pi­tal. Details of the tran­sac­tion were not disclosed.

SEMA, foun­ded in 1984, provi­des joinery and prefa­b­ri­ca­ted construc­tion compa­nies with solu­ti­ons covering all acti­vi­ties rela­ted to wood and stair construc­tion. On a uniform, easy-to-use program inter­face, the soft­ware offers appli­ca­ti­ons such as 2D/3D CAD plan­ning and design, photo-realistic visua­liz­a­tion, quota­tion calcu­la­tion and crea­tion, as well as produc­tion plans and working drawings. In Germany, Austria, France, Italy and Switz­er­land, SEMA has a signi­fi­cant market share and a remar­kable active custo­mer base of more than 10,500 joinery and prefa­b­ri­ca­ted construc­tion companies.

VIA equity and LEA Part­ners had acqui­red the majo­rity stake in SEMA in 2019 and have since suppor­ted the company in its mission to expand market leaders­hip and achieve opera­tio­nal excel­lence. Under the new owners and thanks to its proven product and excel­lent custo­mer rela­ti­ons­hips, SEMA had achie­ved signi­fi­cant sales and profit growth. As part of its invest­ment stra­tegy, SEMA broa­dened its leaders­hip team, inves­ted in its tech­no­logy plat­form, acqui­red an ERP/CRM soft­ware company, and imple­men­ted several pricing and product bundle initiatives.

Alex­an­der Neuss, CEO of SEMA: “Our colla­bo­ra­tion with VIA and LEA over the past three years has really helped us to realize our full poten­tial. Our inves­tors’ exten­sive expe­ri­ence in the soft­ware market combi­ned with deep busi­ness exper­tise has been a perfect stra­te­gic fit, enab­ling us to acce­le­rate our growth and conti­nue to deli­ver indus­try-leading services and inno­va­tion to our custo­mers. I am extre­mely grate­ful for the colla­bo­ra­tion and now look forward to conti­nuing on our growth path and expan­ding into addi­tio­nal markets internationally.”

Chris­tian Roth (photo, © LEA Part­ners), Mana­ging Part­ner at LEA Part­ners: “We are very proud to have played a role in SEMA’s growth story over the last few years. During our colla­bo­ra­tion, the SEMA team did an outstan­ding job and made the company a true soft­ware cham­pion in its indus­try. Our team has thoroughly enjoyed helping Alex­an­der and manage­ment drive stra­tegy and growth, and we are confi­dent that their dedi­ca­tion and drive will enable them to achieve many succes­ses in the future.”

VIA equity and LEA Part­ners were advi­sed by Houli­han Lokey, Noerr and Milbank on this transaction.

About LEA Partners

With curr­ently EUR 460 million in commit­ments, LEA Part­ners, as an entre­pre­neu­rial equity part­ner, supports foun­ders and manage­ment teams at diffe­rent stages of deve­lo­p­ment in their growth and achie­ve­ment of a leading market posi­tion. Based in Karls­ruhe, one of the largest tech­no­logy clus­ters in Europe, LEA has mana­ged invest­ments in nume­rous tech­no­logy compa­nies since 2002. www.leapartners.de.

Partners Group: USD 8.5 billion for third direct infrastructure program

Baar-Zug, Switz­er­land — Part­ners Group, a leading global mana­ger of private market assets, has recei­ved a total of USD 8.5 billion from its clients for its third direct infra­st­ruc­ture program. The program is based on Part­ners Group’s third direct infra­st­ruc­ture fund, which recei­ved $6.4 billion in new capi­tal commit­ments. In addi­tion, commit­ments of $2.1 billion were made from other private market programs and custo­mi­zed client solu­ti­ons that will invest in paral­lel with the program.

Juri Jenk­ner, Part­ner, Head Private Infra­st­ruc­ture, says: “We are grate­ful for the conti­nued trust our clients have placed in our trans­for­ma­tive invest­ment stra­tegy. We believe our thema­tic invest­ment approach and plat­form expan­sion capa­bi­li­ties uniquely posi­tion us to build a port­fo­lio of next-genera­tion infra­st­ruc­ture projects for our clients.”

The comple­tion of the fund­rai­sing follows an intense period of invest­ment acti­vity for Part­ners Group. In 2021, a total of $5.4 billion was inves­ted in infra­st­ruc­ture assets and compa­nies that reflect Part­ners Group’s thema­tic invest­ment philo­so­phy. These include: EOLO, Italy’s leading fixed wire­less broad­band access provi­der; GREN, one of the largest district heating plat­forms in the Baltic States; Unity Digi­tal, a wire­less telecom­mu­ni­ca­ti­ons infra­st­ruc­ture plat­form in the Phil­ip­pi­nes; Dimen­sion Rene­wa­ble Energy, a distri­bu­ted energy plat­form focu­sed on commu­nity solar and battery storage in the U.S.; Resi­li­ent, a distri­bu­ted water infra­st­ruc­ture plat­form in the U.S. and Canada; and North Star, a Euro­pean opera­tor of specia­li­zed vessels for offshore wind maintenance.

The rema­in­der of the program will invest on behalf of inves­tors globally and will focus on infra­st­ruc­ture in stra­te­gic thema­tic areas rela­ted to the over­ar­ching Giga themes of Digi­ta­liz­a­tion & Auto­ma­tion, New Living and Decar­bo­niz­a­tion & Sustaina­bi­lity. In doing so, Part­ners Group pursues a plat­form expan­sion stra­tegy that targets compa­nies or assets in infra­st­ruc­ture sub-sectors that are showing above-average growth due to trans­for­ma­tive trends.

Part of the program is inves­ted in next-genera­tion infra­st­ruc­ture that contri­bu­tes to impro­ved sustaina­bi­lity and supports the UN Sustainable Deve­lo­p­ment Goals. There­fore, clean energy, water treat­ment and reuse, and data centers powe­red by rene­wa­ble energy are among Part­ners Group’s thema­tic focus areas. Once inves­ted, the ESG & Sustaina­bi­lity team works hand-in-hand with the invest­ment teams to deve­lop ESG-focu­sed value crea­tion initia­ti­ves for each invest­ment project.

Esther Peiner, Mana­ging Direc­tor, Private Infra­st­ruc­ture Europe, comments: “We strive to gene­rate sustainable returns for our inves­tors while crea­ting a posi­tive impact for our wider stake­hol­ders. Our approach consists of thema­tic invest­ments combi­ned with prac­ti­cal, plat­form-based value crea­tion stra­te­gies. They aim to deve­lop next-genera­tion infra­st­ruc­ture and gene­rate returns that are protec­ted from econo­mic insta­bi­lity. Given the uncer­tainty caused by the pande­mic and the infla­tion concerns that still exist, this approach is more rele­vant than ever.”

Inves­tors in Part­ners Group’s third direct infra­st­ruc­ture program include both new and exis­ting clients, inclu­ding public and corpo­rate pension funds, sover­eign wealth funds, insurance compa­nies, endow­ment funds and foun­da­ti­ons. Appro­xi­mately one-third of the capi­tal commit­ments came from outside Part­ners Group’s Euro­pean home market, reflec­ting growing inves­tor demand for globally diver­si­fied and thema­ti­cally focu­sed infra­st­ruc­ture port­fo­lios. Part­ners Group’s foun­ders, part­ners and other employees have also inves­ted signi­fi­cantly in the program.

Vitto­rio Laca­gnina, Mana­ging Direc­tor, Client Solu­ti­ons, conclu­des, “The success­ful comple­tion of the fund­rai­sing reflects the solid perfor­mance of our trans­for­ma­tive invest­ment stra­tegy and resi­li­ence of the port­fo­lio, which we have demons­tra­ted in the face of a protra­c­ted pande­mic and rising infla­tion. The program bene­fits from a sizable seed port­fo­lio charac­te­ri­zed by strong invest­ment acti­vity, poten­ti­ally miti­ga­ting the J‑curve. The program was laun­ched in a market envi­ron­ment where acce­le­ra­ting beha­vio­ral and struc­tu­ral chan­ges are crea­ting compel­ling oppor­tu­nities for insti­tu­tio­nal investors.”

Part­ners Group’s previous flagship direct infra­st­ruc­ture fund curr­ently has a net IRR of 15.5% and a net TVPI of 1.51x (fund closed in 2018; perfor­mance as of Septem­ber 30, 2021. Past perfor­mance is not indi­ca­tive of future results. There can be no assurance that simi­lar results will be achie­ved in the future. Values are for illus­tra­tive purpo­ses only).

Willkie advises Bregal Milestone on Series C investment in Uberall

Berlin / Frank­furt a. Main — Will­kie Farr & Gallag­her LLP has advi­sed Bregal Mile­stone as lead inves­tor on its USD 115 million Series C growth invest­ment in Uber­all. The current inves­tor United Inter­net and the manage­ment also parti­ci­pate in the round. Previous inves­tors in Uber­all include HPE Growth and Project A.

The tran­sac­tion is Bregal Milestone’s tenth invest­ment and the first tran­sac­tion in Germany. Uber­all offers a leading full-suite SaaS loca­tion marke­ting and analy­tics plat­form that helps brands and busi­nes­ses with every step of the “Near Me” jour­ney: from finding and selec­ting online, to genera­ting offline sales, to gathe­ring and mana­ging online feed­back, to recommending.

Uber­all is relied upon by thousands of custo­mers, inclu­ding more than 600 major global compa­nies in Europe, North America and Asia, both in direct sales and through its exten­sive global network of chan­nel part­ners. Since long­time friends David Feder­hen and Florian Hübner foun­ded the company in Berlin in 2013, Uber­all has grown into an inter­na­tio­nal market leader with offices in 6 coun­tries and a global team of 300 employees.

The company success­fully grew its ARR between FY17-20 at a CAGR of 60%. The invest­ment will allow to drive product inno­va­tion the growth stra­tegy, with parti­cu­lar focus on further conso­li­da­ting its leaders­hip posi­tion in Europe and acce­le­rate global expan­sion. Will­kie advi­sed on all aspects of the tran­sac­tion, KNPZ Rechts­an­wälte advi­sed on IP issues.

Advi­sors to Bregal Mile­stone : Will­kie Farr & Gallag­her LLP
The Will­kie team was led by part­ner Dr. Matthias Schudlo (Corpo­rate) and Miriam Steets, photo (Coun­sel, Corpo­rate, both Frank­furt) and inclu­ded part­ner Georg Linde (Corpo­rate, Frank­furt), coun­sel Wulf Kring (Tax) and Matthias Töke (Finance, both Frank­furt) and asso­cia­tes Dr.Erik Göretz­leh­ner and Ilie Manole (both Corpo­rate), Dr. Nadine Kramer and Martin Waśkow­ski (both Labor Law) and Philip Thür­mer (Real Estate, all Frankfurt).

KNPZ Rechts­an­wälte advi­sed on IP issues:
The KNPZ team inclu­ded part­ner Dr. Kai-Uwe Plath and asso­cia­tes Jan Schä­fer, Matthias Struck, Niko­laus Schmidt-Hamkens and Dr. Enno ter Haze­borg (all Hamburg).

About Will­kie Farr & Gallag­her LLP
Will­kie Farr & Gallag­her LLP is an inter­na­tio­nal law firm of more than 850 lawy­ers with offices in New York, Washing­ton, Hous­ton, Palo Alto, San Fran­cisco, Chicago, Paris, London, Frank­furt, Brussels, Milan and Rome.

 

Stock market debut for About You: Otto Group subsidiary valued at € 3.9 billion

Hamburg/ Frank­furt a. M. — About You cele­bra­tes its debut on the Frank­furt Stock Exchange today, Wednes­day, June 16. The offer price for the private place­ment is set at 23.00 euros per share. CEO Tarek Müller holds a share of 4.3 percent, Sebas­tian Betz 3.7 percent and Hannes Wiese 2.7 percent.

The offer price for the private place­ment is 23.00 euros per share. The Otto Group subsi­diary is thus valued at 3.9 billion euros.

Accord­ing to Textil­wirt­schaft, the foun­ders hold the following shares: Tarek Müller has a share of 4.3 percent, Sebas­tian Betz 3.7 percent. Hannes Wiese has 2.7 percent. Howe­ver, the trio intends to sell just under 3.3 million shares, which will bring them a total of 76 million euros. After the private place­ment, Müller, Betz and Wiese will have stakes of 3.0 percent, 2.6 percent and 1.7 percent respectively.

Net, 627 million euros remain. — In addi­tion, from the holdings of the exis­ting owners GFH (Gesell­schaft für Handels­be­tei­li­gun­gen mbH), Seven­Ven­tures GmbH, GMPVC German Media Pool GmbH and Fashion Media Pool GmbH, up to 4.8 million ordi­nary bearer shares will be gran­ted as an option to cover over-allot­ments (green­shoe option).

The IPO will gene­rate gross proceeds of 657 million euros for About You. Net, 627 million euros remain. The company plans to spend 150 million euros on inter­na­tio­nal expan­sion, 115 million euros on tech­no­lo­gi­cal infra­st­ruc­ture and 50 million euros on the further deve­lo­p­ment of its B2B tech­no­logy divi­sion. 80 million euros is to be used to repay share­hol­der loans. About You is also consi­de­ring acqui­si­ti­ons. 80 million euros is reco­gni­zed as a reserve for M&A transactions.

Tarek Müller, Co-Foun­der and Board Member Marke­ting & Brand: “Today is a great day for About You. Toge­ther with some of the world’s most renow­ned brands and compa­nies, we are now part of the exchange family. Today we cele­brate the success­ful listing of About You, but our focus is already fully on the future.”

In addi­tion to Deut­sche Bank, Gold­man Sachs and JPMor­gan , Numis Secu­ri­ties, Société Géné­rale and UBS also suppor­ted the IPO.

Weil advises INVEN CAPITAL on EUR 38 million investment in tado°

Frank­furt a. Main — The Frank­furt office of the inter­na­tio­nal law firm Weil, Gotshal & Manges LLP advi­sed Inven Capi­tal SICAV, a.s. (“INVEN CAPITAL”) on its invest­ment in tado GmbH (“tado°”). In addi­tion to new inves­tor noven­tic group, exis­ting inves­tors such as INVEN CAPITAL, Amazon, Target Part­ners, Eon and Total also parti­ci­pa­ted in the 38 million euro finan­cing round.

Munich-basedtado° is the Euro­pean market leader for intel­li­gent indoor climate manage­ment and was foun­ded in 2011. In the mean­time, tado° employs 180 people.

INVEN CAPITAL is the venture capi­tal arm of the ČEZ Group, whose invest­ment focus is on invest­ments in clean-tech and new-energy companies.

Weil’s Frank­furt office regu­larly advi­ses INVEN on its invest­ments, such as its recent invest­ment in the logistics start-up Forto GmbH, finan­cing rounds at Zolar GmbH, the sale of its stake in the home battery storage provi­der sonnen to Shell Over­seas Invest­ment B.V. and its invest­ment in the start-up Cloud&Heat Tech­no­lo­gies GmbH, as well as the latest finan­cing round at Sunfire GmbH.

The Weil tran­sac­tion team was led by Frank­furt-based Corpo­rate Part­ner Dr. Chris­tian Tapp­ei­ner. He was suppor­ted by Coun­sel Julian Schwa­ne­beck and Para­le­gal Nata­scha Späth (both Corporate).

Weil, Gotshal & Manges is an inter­na­tio­nal law firm with more than 1,100 lawy­ers, inclu­ding appro­xi­mately 300 part­ners. Weil is head­quar­te­red in New York and has offices in Boston, Dallas, Frank­furt, Hong Kong, Hous­ton, London, Miami, Munich, Paris, Beijing, Prince­ton, Shang­hai, Sili­con Valley and Washing­ton, D.C.

Mutares acquires three German Exteriors plants from Magna

Munich — Auto­mo­tive supplier Magna has signed an agree­ment with listed invest­ment company Muta­res SE & Co. KGaA (Muta­res) to sell three German Exte­riors plants. The acqui­si­tion compri­ses Magna’s three sites in Oberts­hau­sen, Sulz­bach and Idar-Ober­stein as well as the two satel­lite sites in Neckar­sulm and Klein-Krot­zen­burg with a total of 1,700 employees and sales of appro­xi­mately EUR 360 million.

The plants produce plastic compon­ents such as bumper and exte­rior trim, radia­tor gril­les and other trim compon­ents for leading OEMs in the premium segment and gene­rate sales of appro­xi­mately EUR 360 million. The tran­sac­tion is expec­ted to close in the third quar­ter of 2021. The business’s main custo­mers include well-known German auto­ma­kers. The three plants have exten­sive design know-how and tech­ni­cally mature in-house deve­lo­p­ment capabilities.

Advi­sor Magna: Henge­ler Mueller

The part­ners Dr. Daniel Wiegand (Munich), Dr. Peter Weyland (Frank­furt) (both lead, M&A), Dr. Chris­tian Hoefs (Labor Law, Frank­furt), Prof. Dr. Dirk Uwer (Public Commer­cial Law, Düssel­dorf), Dr. Johan­nes Tieves (Finan­cing, Frank­furt) and Dr. Matthias Schei­fele (Tax, Munich), the Coun­sel Patrick Wilke­n­ing (Intel­lec­tual Property/IT) and Dr. Moritz Rade­ma­cher (Public Commer­cial Law) (both Düssel­dorf) and the Asso­cia­tes Dr. Achim Speng­ler, Dr. Florian Dendl, Dr. David Negen­born (all Munich), Dr. Nicho­las Kubesch (Frank­furt) (all M&A), Dr. Cars­ten Bormann (Düssel­dorf), Simone Terbrack (Berlin) (both Public Commer­cial Law), Dr. Sarah Milde (Anti­trust), Dr. Daniel Engel (Dispute Reso­lu­tion) (both Munich), Dr. Henning Hilke (Finan­cing), Dr. Sebas­tian Hein­richs (Tax) and Dr. Andreas Kaletsch (Labor Law) (all Frankfurt).

Simon white

McDermott advises Paragon portfolio company APONTIS PHARMA AG on IPO

Frank­furt a.M. — McDer­mott Will & Emery, as tran­sac­tion coun­sel, advi­ses the issuer APONTIS PHARMA AG, its main share­hol­der, the invest­ment company Para­gon Part­ners, as well as the joint bookrun­ners Hauck & Aufhäu­ser and M.M.Warburg on the IPO at the Frank­furt Stock Exchange.

The place­ment price for the IPO was set at 19.00 euros per share. The place­ment volume totals 101 million euros. A total of 5,290,000 shares were placed with inves­tors as part of the IPO, which also inclu­ded a U.S. tran­che in accordance with Rule 144A of the U.S. Secu­ri­ties Act. The place­ment inclu­des 2,000,000 new shares from a cash capi­tal incre­ase as well as 1,600,000 exis­ting shares in connec­tion with a base deal, 1,000,000 exis­ting shares in connec­tion with a top-up option and 690,000 exis­ting shares in connec­tion with an over-allot­ment option from the holdings of the main share­hol­der Para­gon Part­ners. The first day of trading on the Frank­furt Stock Exchange is sche­du­led for May 11, 2021. The exis­ting share­hol­ders Para­gon Part­ners and the manage­ment of APONTIS PHARMA will remain share­hol­ders in the company after the place­ment with a stake of 31% and 7%, respectively.

APONTIS PHARMA AG is a leading phar­maceu­ti­cal company for single pills in the German market. The Company intends to use the net proceeds from the issu­ance of the new shares prima­rily for selec­ted invest­ments in the deve­lo­p­ment of new single pills, acce­le­ra­ting the deve­lo­p­ment and licen­sing of the exis­ting near-term product pipe­line, and expan­ding marke­ting and sales acti­vi­ties to capture addi­tio­nal market share and product acquisitions.

McDer­mott provi­ded compre­hen­sive capi­tal markets legal advice to all parties invol­ved. The McDer­mott team was also respon­si­ble for the corpo­rate struc­tu­ring in the run-up to the IPO.

Advi­sors APONTIS, Para­gon Part­ners and banks Hauck & Aufhäu­ser and M.M.Warburg:
McDer­mott Will & Emery, Frank­furt a.M./Düsseldorf
Capi­tal Markets/IPO Work­stream: Simon Weiß (Project Coor­di­na­tion; Capi­tal Markets), Joseph W. Marx (US Capi­tal Markets; joint lead), Gregory M. Weigand (Miami), Edwin C. Lauren­son (Coun­sel, San Fran­cisco; both US Law), Dr. Deniz Tschamm­ler (Munich), Dr. Monika Rich­ter (both Coun­sel, both Life Scien­ces); Asso­cia­tes: Dr. Marion von Grön­heim, Isabelle Suzanne Müller, Chris­toph Schä­fer, Ardalan Zargari (Staff Attor­ney); Corpo­rate Work­stream: Dr. Phil­ipp Gren­ze­bach (Lead), Dr. Thomas Gennert (both Corpo­rate, both Düssel­dorf); Asso­ciate: Tom Schäfer

Raue advises owner of event agency insglück on change of ownership

Berlin — RSBG SE, a subsi­diary of the RAG Foun­da­tion, has taken over the PR and event agency insglück. Raue advi­sed share­hol­der and mana­ging direc­tor Detlef Wint­zen on the sale of his shares in insglück Gesell­schaft für Marken­in­sze­nie­rung mbH to RSBG SE.

insglück is one of the leading PR and event agen­cies with offices in Berlin, Hamburg and Colo­gne. Since 2001, insglück has stood for targe­ted, excep­tio­nal concep­tion and crea­tion as well as profes­sio­nal imple­men­ta­tion of measu­res in live and corpo­rate commu­ni­ca­ti­ons. In the course of the new part­ners­hip, the agency will expand its crea­tive and digi­tal exper­tise even more, push inter­na­tio­na­liz­a­tion and actively deve­lop new busi­ness areas. insglück conti­nues to be mana­ged by Detlef Wint­zen (CEO), Chris­tian Poswa (COO), Chris­toph Kirst (CCO) and Frede­rik Nimmes­gern (Direc­tor Concept & Strategy).

RSBG SE is an invest­ment company of the RAG Foun­da­tion based in Essen. Foun­ded in 2014, the company sees itself as a long-term part­ner to medium-sized compa­nies and uses a buy-and-build stra­tegy to invest in success­ful SMEs.

Consul­tant Detlef Wint­zen: Raue, Berlin
Dr. Jörg Jaecks (Part­ner, Corporate/M&A)

About Raue

Raue is an inter­na­tio­nally active law firm based in Berlin. She provi­des compre­hen­sive advice to natio­nal and inter­na­tio­nal compa­nies and public enti­ties on invest­ment projects, tran­sac­tions, regu­la­tory issues and conten­tious dispu­tes. www.raue.com

Viessmann acquires stake in Australian Value Added Engineering Group

Esch­born — Rödl & Part­ner has advi­sed the Viess­mann Group on the acqui­si­tion of 34.3% of the shares in Value Added Engi­nee­ring Group (VAE), an Austra­lian design, instal­la­tion and service company for heating, venti­la­tion and air condi­tio­ning. The new part­ners­hip enab­les Viess­mann to enter the growth market of Austral­asia. VAE, mean­while, can rely on an inter­na­tio­nal, stra­te­gic part­ner that has exten­sive exper­tise and inno­va­tive strength in the field of heating, venti­la­tion and air-condi­tio­ning tech­no­logy. In 2020, the family-owned company employed 12,300 people and gene­ra­ted group sales of 2.8 billion euros.

In the context of the share acqui­si­tion, the Viess­mann Group was advi­sed by Rödl & Part­ner on all econo­mic issues.

About Viess­mann

The Viess­mann Group is one of the world’s leading manu­fac­tu­rers of heating, indus­trial and cooling systems. In 2020, the family-owned company, foun­ded in 1917, employed 12,300 people and gene­ra­ted group sales of 2.8 billion euros. About VAE Value Added Engi­nee­ring Group was estab­lis­hed in 1997 and today is one of Australia’s most advan­ced buil­ding services inte­gra­tors. The priva­tely owned company specia­li­zes in complete solu­ti­ons for large projects such as airports, univer­si­ties and hospi­tals. In the past decade of busi­ness, VAE has incre­a­sed its reve­nue from one million Austra­lian dollars to a projec­ted $150 million (just under 100 million euros) in 2021. The company curr­ently employs 330 people.

Advi­sor Viess­mann Group: Rödl & Partner
Jochen Reis, Part­ner (Head of Tran­sac­tion & Valua­tion Services), Esch­born, Over­all Project Manage­ment — Finan­cial Inga Heßdör­fer, Senior Asso­ciate (Tran­sac­tion & Valua­tion Services), Esch­born — Finan­cial Alex­an­der Wübbels, Asso­ciate, (Tran­sac­tion & Valua­tion Services), Esch­born — Financial

About Rödl & Partner
Rödl & Part­ner — The agile careta­ker for medium-sized global market leaders As lawy­ers, tax advi­sors, busi­ness and IT consul­tants and audi­tors, we are repre­sen­ted at 109 of our own loca­ti­ons in 49 coun­tries. Our clients trust our 5,120 colleagues world­wide. www.roedl.de

DBAG portfolio company Sero acquires Semecs

Frank­furt am Main — Sero GmbH (Sero), a company in the port­fo­lio of DBAG Fund VII, acqui­res Solid Semecs B.V. Like Sero, the Dutch company is a deve­lo­p­ment and manu­fac­tu­ring service provi­der for EMS (Elec­tro­nic Manu­fac­tu­ring Services, complete contract manu­fac­tu­ring of elec­tro­nic assem­blies, devices and systems) and opera­tes on the market as Semecs. DBAG Fund VII will invest around 16 million euros in the purchase, of which 3.6 million euros will be inves­ted by Deut­sche Betei­li­gungs AG (DBAG).

The aim of the tran­sac­tion, which was agreed at the end of last week, is to broa­den the custo­mer base, open up new custo­mer sectors and expand produc­tion capa­ci­ties with a site in Eastern Europe. The seller is the Dutch company Rade­ma­ker Beheer B.V. The family behind the company is prima­rily invol­ved in machinery for large bake­ries; Semec’s acti­vi­ties are accord­in­gly outside its core busi­ness. The purchase is subject to appro­val by the anti­trust autho­ri­ties; the tran­sac­tion is expec­ted to be comple­ted by mid-year.

DBAG Fund VII, which was advi­sed by DBAG, had inves­ted in Sero in Novem­ber 2018 as part of a manage­ment buyout. DBAG had co-inves­ted around eleven million euros along­side the fund. It holds 21 percent of the shares in Sero. The current tran­sac­tion is the seven­te­enth corpo­rate acqui­si­tion struc­tu­red by a company from the DBAG port­fo­lio within the past twelve months. The objec­tive is predo­mi­nantly to acce­le­rate the perfor­mance of the respec­tive port­fo­lio compa­nies, for example by broa­de­ning the product range and regio­nal coverage or by conso­li­da­ting the market.

Semecs (www.semecs.com) assem­bles prin­ted circuit boards for a wide range of appli­ca­ti­ons and also specia­li­zes in common assem­bly, cali­bra­tion and testing services. The company, head­quar­te­red in Uden, Nether­lands, employs 480 people, 450 of whom work at the produc­tion site in Vráble, Slova­kia, which was built in 2012. For the current year, the company expects sales of around 72 million euros.

The elec­tro­nic compon­ents produ­ced by Semecs in predo­mi­nantly small quan­ti­ties are used, for example, to control air-condi­tio­ning systems or the motors of e‑bikes, are found in elec­tro­nic electri­city meters and mobile insu­lin pumps, and are instal­led in the LED ligh­t­ing or engine control systems of cars. Around 70 percent of sales are gene­ra­ted with indus­trial custo­mers; the remai­ning share is accoun­ted for by appli­ca­ti­ons in medi­cal tech­no­logy and products for the auto­mo­tive industry.

is where Semecs differs from Sero: Sero is an estab­lis­hed produc­tion part­ner to the auto­mo­tive supply indus­try and gene­ra­tes around 85 percent of its sales there. With a high degree of auto­ma­tion, the company specia­li­zes in high-volume orders. Semecs, on the other hand, deals with orders above medium quan­ti­ties and a higher propor­tion of manual acti­vi­ties. Both compa­nies will bene­fit equally from the combi­na­tion of manu­fac­tu­ring opera­ti­ons invol­ving the Slova­kian site, ther­eby achie­ving a higher degree of flexi­bi­lity for diffe­rent order sizes and better posi­tio­ning in the acqui­si­tion of new busi­ness. The acqui­si­tion of Semecs thus broa­dens Sero’s custo­mer base and market access for the company, which employs around 220 people in Rohr­bach, Rhineland-Palatinate.

The newly formed group opera­tes in an attrac­tive market: for the core segments of indus­try, medi­cine and auto­mo­tive, growth rates above the already attrac­tive growth of the EMS market as a whole are expec­ted in the coming years.

“The compe­ten­cies of the two compa­nies comple­ment each other perfectly,” said Jannick Hune­cke, member of the DBAG Manage­ment Board on the occa­sion of the tran­sac­tion. He added: “Toge­ther they can better serve the attrac­tive market and opti­mally combine their capa­bi­li­ties in produc­tion, so that with the company acqui­si­tion we are streng­t­he­ning and acce­le­ra­ting the further deve­lo­p­ment of our origi­nal investment.”

Sero CEO Dr. Bernd Welzel high­ligh­ted the stra­te­gic impor­t­ance of the tran­sac­tion for Sero: “The company crea­ted from the two EMS specia­lists ensu­res a strong and compe­ti­tive presence in Europe with a broad range of manu­fac­tu­ring service offe­rings across diffe­rent market segments — this opens up a variety of oppor­tu­nities for us and under­li­nes our expan­sion policy.” Semecs Mana­ging Direc­tor Jan-Fredrik Kalee added, “We bring a well-trai­ned team to an attrac­tive loca­tion with a reco­gni­zed good quality assurance process and look forward to working with them.”

About DBAG

Deut­sche Betei­li­gungs AG, a listed company, initia­tes closed-end private equity funds and invests — predo­mi­nantly along­side DBAG funds — in well-posi­tio­ned medium-sized compa­nies with poten­tial. One focus for many years has been indus­try. An incre­a­sing propor­tion of equity invest­ments are in compa­nies in the growth sectors of broad­band telecom­mu­ni­ca­ti­ons, IT services/software and health­care. The long-term, value-enhan­cing entre­pre­neu­rial invest­ment approach makes DBAG a sought-after invest­ment part­ner in the German-spea­king region. Assets mana­ged or advi­sed by the DBAG Group amount to €2.5 billion.

HANNOVER Finanz and ARCUS Capital acquire majority stake in Löwenstark Group

Hanover/ Munich — Toge­ther with ARCUS Capi­tal from Munich, the HANNOVER Finanz Group acqui­res a majo­rity stake in the Löwen­stark Group. Toge­ther, the inves­tors will hold more than 75 percent of the shares in the leading online marke­ting service provi­der from Braun­schweig. In the stra­te­gic part­ners­hip with company foun­der Marian Wurm — who remains signi­fi­cantly invol­ved — and the manage­ment team around Löwen­stark CEO Hart­mut Deiwick, growth is to be further expan­ded and long-term succes­sion plan­ning is to be arran­ged. The parties have agreed not to disc­lose the purchase price.

“Invest­ments in compa­nies with a focus on digi­tiz­a­tion are now a signi­fi­cant part of our port­fo­lio. With Löwen­stark, we have been able to convince anot­her online company to join us. We see a lot of poten­tial in the Braun­schweig-based agency group, which is one of the leading online marke­ting service provi­ders in the D‑A-CH region. The part­ners­hip with ARCUS, an invest­ment company with expe­ri­ence in the online indus­try, is also an asset for our network,” says the HANNOVER Finanz Board Spokes­man Goetz HertzEi­chen­rode (photo) on the now comple­ted invest­ment in the Löwen­stark Group.

With invest­ments in a wide variety of soft­ware, e‑commerce or digi­tiz­a­tion specia­lists, such as Corpo­rate Plan­ning AG, Media Concept GmbH or the Marken­film agency, equity part­ner HANNOVER Finanz has a wealth of expe­ri­ence in the marke­ting and digi­tal indus­tries. “Löwen­stark offers its custo­mers a truly holistic approach to consul­ting and solu­ti­ons that is unpar­al­leled, espe­cially in the SME segment. In addi­tion, we see strong growth poten­tial due to posi­tive market drivers and highly auto­ma­ted busi­ness proces­ses. We look forward to working with HANNOVER Finanz and the manage­ment to support the company on its success­ful course in the coming years and to set the course for further growth,” says Stefan Eishold, CEO of ARCUS, about the invest­ment in the Löwen­stark Group.

Marian Wurm, foun­der of Löwen­stark: “In ARCUS and HANNOVER Finanz, we have found the right part­ners for Löwenstark’s stra­te­gic deve­lo­p­ment. With their exten­sive indus­try and manage­ment expe­ri­ence and nume­rous conta­cts in the German SME sector, they will actively support us in our next growth steps.”

Advi­sor to the deal team of HANNOVER Finanz:

Ebner Stolz GmbH & Co. KG (Finan­cial and Tax Due Diligence)
ecce­le­rate GmbH (Commer­cial Due Diligence)
KPMG Law Rechts­an­walts­ge­sell­schaft mbH (Legal Due Diligence)
Gütt Olk Feld­haus Part­ner­schaft von Rechts­an­wäl­ten mbB (finan­cing).

Advi­sor Löwen­stark Digi­tal GmbH: Norton Rose Fulbright

Lead Part­ner Dr. Phil­ipp Grzimek (M&A/Private Equity, Part­ner, Munich).
He was suppor­ted by part­ners Tino Duttiné (tax law), Dr. Chris­toph Ritzer (data protec­tion law and IT law) and Dr. Andrea Spel­ler­berg (banking law). Coun­sel Clau­dia Poslu­schny (employ­ment law) and Oliver Paasch (banking law), Senior Asso­cia­tes Jan-Peter Heise (M&A) and Julia Gallin­ger (tax law) as well as Asso­ciate Olivia Reinke (employ­ment law) were also involved.

MONTIS Corpo­rate Finance acted as M&A advi­sor to Löwenstark.

About Löwen­stark
www.loewenstark.com With over 5,000 custo­mer projects for 19 years, Löwen­stark Digi­tal Group GmbH is one of the most expe­ri­en­ced and success­ful digi­tal service provi­ders for online marke­ting in the DACH region. More than 150 employees are active at ten loca­ti­ons in all disci­pli­nes of online marke­ting for natio­nal and inter­na­tio­nal custo­mers along the maxim “thorough analy­sis, consis­tent opti­miz­a­tion and sustainable success”. The focus is on holistic solu­ti­ons in the areas of perfor­mance marke­ting (search engine opti­miz­a­tion, search engine marke­ting, market­place marke­ting), brand marke­ting (repu­ta­tion manage­ment, social media, affi­liate and e‑mail marke­ting), and web deve­lo­p­ment (CMS, store systems and usabi­lity opti­miz­a­tion). The custo­mer base inclu­des more than 500 natio­nal and international

About Norton Rose Fulbright

Norton Rose Fulbright is a global busi­ness law firm. With more than 4,000 lawy­ers in over 50 offices world­wide in Europe, the United States, Canada, Latin America, Asia, Austra­lia, Africa and the Middle East, we advise leading natio­nal and inter­na­tio­nal companies.

We offer our clients compre­hen­sive advice in all major indus­tries. These include Finan­cial Insti­tu­ti­ons; Energy; Infra­st­ruc­ture, Mining and Commo­di­ties; Trans­por­ta­tion; Tech­no­logy and Inno­va­tion; and Life Scien­ces and Health­care. Our global Risk Advi­sory Group combi­nes this exten­sive indus­try expe­ri­ence with its exper­tise in legal, regu­la­tory, compli­ance and gover­nance matters. This enab­les us to provide our clients with prac­ti­cal solu­ti­ons to the legal and regu­la­tory risks they face.

The Swiss asso­cia­tion Norton Rose Fulbright helps to coor­di­nate the acti­vi­ties of Norton Rose Fulbright members, but does not provide legal advice to clients. Norton Rose Fulbright has offices in more than 50 cities world­wide, inclu­ding London, Hous­ton, New York, Toronto, Mexico City, Hong Kong, Sydney and Johan­nes­burg. For more infor­ma­tion, visit nortonrosefulbright.com/legal-notices.

Marco Brockhaus

Exit: Brockhaus Private Equity sells AUVESY Group to Hg Capital

Frank­furt a. M./ POELLATH advi­sed Brock­haus Private Equity, the AUVESY manage­ment team and other share­hol­ders on the sale of their stake in the AUVESY Group, a tech­no­lo­gi­cal global market leader for data manage­ment systems, to Hg Capi­tal. The exis­ting AUVESY manage­ment team will conti­nue to hold a stake in the company, while the former majo­rity owner Brock­haus Private Equity will exit completely.

Foun­ded in 2007 and based in Landau in der Pfalz, AUVESY GmbH is a leading global provi­der of soft­ware solu­ti­ons for version control and change manage­ment in auto­ma­ted indus­trial envi­ron­ments. The soft­ware enab­les auto­ma­ted produc­tion faci­li­ties and other intel­li­gent machi­nes, as well as their machine data and infor­ma­tion, to be auto­ma­ti­cally backed up and centrally mana­ged. The company employs around 90 people and mana­ges over 5 million indus­trial “Inter­net-of-Things” devices in 45 countries.

POELLATH already advi­sed Brock­haus Private Equity on the acqui­si­tion of AUVESY in 2017 from the then foun­ders and now also accom­pa­nied the sale to Hg Capi­tal. The parties have agreed not to disc­lose further details of the tran­sac­tion. The closing of the tran­sac­tion is still pending.

Advi­sor Brock­haus Private Equity: POELLATH with the following cross-loca­tion team:
Tobias Jäger (Part­ner, Lead Part­ner, M&A/Private Equity, Munich)
Phil­ipp von Braun­schweig, LL.M. (Ford­ham) (Part­ner, M&A/Private Equity, Munich)
Dr. Bene­dikt Hohaus (Part­ner, Manage­ment Parti­ci­pa­tion, Munich)
Dr. Nico Fischer (Part­ner, Tax Law, Munich)
Dr. Jens Linde (Asso­cia­ted Part­ner, Finan­cing, Frankfurt)
Daniel Wied­mann, LL.M. (NYU) (Asso­cia­ted Part­ner, Anti­trust Law, Frankfurt)
Andrea Strei­fen­e­der (Asso­ciate, M&A/Private Equity, Munich)
Dr. Matthias Meier (Asso­ciate, M&A/Private Equity, Munich)
Johanna Scherk (Asso­ciate, Manage­ment Parti­ci­pa­tion, Munich)

Matthias Henning, Finexx

Finexx takes over Volpini packaging and increases fund volume

Stutt­gart — The invest­ment company Finexx has acqui­red 100 percent of the shares in Volpini Verpa­ckun­gen GmbH Austria as part of a succes­sion plan. Volpini is a leading manu­fac­tu­rer in Central Europe of Pack­a­ging cups and films. The exis­ting manage­ment will conti­nue to support the company in all opera­tio­nal matters to ensure a seam­less tran­si­tion of manage­ment. The parties have agreed not to disc­lose further details of the tran­sac­tion. The new invest­ment, which stra­te­gi­cally fits perfectly into Finexx’s invest­ment stra­tegy, takes into account an incre­ase of Finexx Fund II to the total volume of 30 million euros. The high-growth mid-market inves­tor from Stutt­gart now mana­ges a total of around EUR 65 million.

Volpini Verpa­ckun­gen GmbH Austria, based in Spit­tal an der Drau, Austria, was origi­nally foun­ded in 1811. Since 1970, the tradi­tio­nal company with its current work­force of around 60 employees has specia­li­zed in the produc­tion of plastic pack­a­ging, in parti­cu­lar sustainable pack­a­ging cups (yogurt pots) and ther­mo­forming sheets. In the field of Desto cups, which are consi­de­red to be parti­cu­larly sustainable, Volpini plays a leading role in the Central Euro­pean market. The company has modern produc­tion faci­li­ties that are opti­mally adap­ted to the requi­re­ments of medium-sized and large custo­mers in the food indus­try. Most recently, Volpini gene­ra­ted annual sales of around 13 million euros.

With the acqui­si­tion of Volpini, Finexx further expands its presence and exper­tise in the food indus­try. With the orga­nic food inno­va­tor BIOVEGAN and BioneXX Holding with the brands GSE, Fitne and Feel­good Shop, the port­fo­lio of the indus­try specia­list already inclu­des two market-leading plat­forms in the field of orga­nic baking and cooking ingre­dients as well as food supple­ments and healing products.

“The food indus­try is in a state of flux. Not only is the market for health-conscious nutri­tion growing rapidly, but compa­nies and inno­va­tive solu­ti­ons in the field of sustainable pack­a­ging solu­ti­ons are also boom­ing. Volpini is already excel­lently posi­tio­ned in this area. In addi­tion, we see both orga­nic and inor­ga­nic growth poten­tial at Volpini. With its market-leading posi­tion, the company is there­fore the opti­mal stra­te­gic addi­tion to our indus­try-orien­ted port­fo­lio,” says Finexx CEO Matthias Heining.

Accom­pany­ing the tran­sac­tion, Finexx Fund II, which was closed at the end of last year, was incre­a­sed from 20 to now 30 million euros. The Baden-Würt­tem­berg-based invest­ment company, which specia­li­zes in growth invest­ments and succes­sion plan­ning, now mana­ges a total of around 65 million euros. Finexx’s cross-sector invest­ment stra­tegy focu­ses on small and medium-sized enter­pri­ses (SMEs) with sales of 10 million euros or more.

“Our invest­ment philo­so­phy is to support medium-sized compa­nies with indus­try exper­tise, capi­tal and an exten­sive network in their growth or in chal­len­ging succes­sion situa­tions as part­ners. In our self-image as an insti­tu­tio­nal family share­hol­der, we wanted to conti­nue this proven stra­tegy with our second fund from the outset. The incre­ase of our Finexx Fund II by around ten million euros shows that we are on the right track with our entre­pre­neu­rial convic­tion,” says Dr. Markus Seiler, CEO of Finexx.

In addi­tion to Volpini, BIOVEGAN and BioneXX Holding in the pack­a­ging and food indus­try, Finexx has a stake in Sicko, a medium-sized specia­list in indus­trial auto­ma­tion in wood processing.

About Finexx
Finexx GmbH Unter­neh­mens­be­tei­li­gun­gen, based in Stutt­gart, is an invest­ment company foun­ded in 2013 that specia­li­zes in estab­lis­hed medium-sized compa­nies. Typi­cal fields of acti­vity are growth, invest­ment and acqui­si­tion finan­cing as well as the support of chan­ges in the share­hol­der struc­ture and succes­sion planning.

Finexx invests long-term funds from insurance compa­nies and pension funds, among others, in compa­nies from the German-spea­king region, predo­mi­nantly within the frame­work of majo­rity share­hol­dings. These have sales of EUR 10 million or more, a quali­fied manage­ment team, and can demons­trate sustainable earnings power and cash flow based on a success­ful busi­ness model.

The team has many years of indus­trial and manage­ment expe­ri­ence as well as profound know-how in the invest­ment sector — both are brought to bear for the success­ful further deve­lo­p­ment of compa­nies and in the asso­cia­ted change proces­ses. Finexx supports manage­ment by provi­ding active commer­cial and tech­ni­cal advice without inter­fe­ring with day-to-day opera­ti­ons, as well as a cross-indus­try network. www.finexx.de

Dental splint from PlusDental

PlusDental: further financing round of 35 million euros

Berlin — Plus­Den­tal has raised EUR 35 million in anot­her finan­cing round. Jebsen Capi­tal and BioN­Tech SE led the finan­cing round. PING AN, HV Capi­tal, Lakestar, Kreos Capi­tal, Cadence Growth Capi­tal and World­Cup star Mario Götze also parti­ci­pa­ted. Plus­Den­tal Dr. was advi­sed by the Berlin law firm Vogel Heerma Waitz.

Just under a year ago, the Berlin-based health startup raised 32 million euros in a Series C round. At the time, Hong Kong-based insurance group Ping An made a new entry through its Global Voya­ger Fund.

PlusDental’s mission is to provide all pati­ents with access to high-quality, inno­va­tive denti­stry. As a pioneer in digi­ta­liz­a­tion, Plus­Den­tal has mana­ged to become a leading Euro­pean digi­ta­liz­a­tion part­ner for dentists. Plus­Den­tal is led by indus­trial engi­neer and expe­ri­en­ced mana­ger Eva-Maria Meij­nen, former McKin­sey consul­tant Dr. Peter Baum­gart and well-known entre­pre­neur and angel inves­tor Lukas Brosseder.

Plus­Den­tal is now one of the top four medtech star­tups in Germany in which the most has been inves­ted. The fresh capi­tal will be used to acce­le­rate growth in Europe and China.

Consul­tant Plus­Den­tal: Vogel Heerma Waitz
Dr. Clemens Waitz (Part­ner) and Lorenz Frey

 

 

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