Berlin/ Regensburg/ Munich — A fund advi­sed by Elvas­ton Capi­tal (“Elvas­ton”) has acqui­red a majo­rity stake in iS Soft­ware Group (“iS Soft­ware”), a German soft­ware deve­lo­per for the energy and water indus­try. The seller was WZ Energy Holding GmbH (“WZ Energy”). POELLATH provi­ded compre­hen­sive legal and tax advice to Elvas­ton in connec­tion with the acquisition.

Based in Regens­burg, iS Soft­ware has been deve­lo­ping and distri­bu­ting stable and modern soft­ware solu­ti­ons for small and medium-sized compa­nies in the energy and water indus­try for more than 25 years. The company supports and accom­pa­nies its appro­xi­m­ately 300 custo­mers with indi­vi­dual concepts and solu­ti­ons as well as forward-looking tech­no­lo­gies. iS Soft­ware employs about 120 people at 5 loca­ti­ons and focu­ses on current topics, such as the new market commu­ni­ca­tion 2022, Redis­patch 2.0, new billing models or the SMGWA connection.

Elvas­ton is an entre­pre­­neur-led invest­ment company based in Berlin, specia­li­zing in medium-sized compa­nies in German-spea­king count­ries. Elvas­ton acqui­res majo­rity stakes and provi­des equity capi­tal to finance growth. The port­fo­lio includes succes­sion solu­ti­ons for entre­pre­neurs and fami­lies, group spin-offs and buy-and-build concepts in indus­tries with conso­li­da­tion poten­tial, growth finan­cing in the form of equity capi­tal increa­ses and tran­sac­tions in listed companies.

Consul­tant Elvas­ton: POELLATH

Dr. Tim Kauf­hold (Part­ner, Lead Part­ner, M&A/Private Equity, Munich)
Dr. Nico Fischer (Part­ner, Tax Law, Munich)
Daniel Wied­mann, LL.M. (NYU) (Asso­cia­ted Part­ner, Distri­bu­tion and Anti­trust Law, Frank­furt a.M.)
Dr. Moritz Klein (Coun­sel, M&A/Private Equity, Munich)
Chris­tine Funk, LL.M. (Senior Asso­ciate, M&A/Private Equity, Frank­furt a.M.)
Nemanja Burgić, LL.M. (Senior Asso­ciate, M&A/Private Equity, Munich)
Matthias Ober­bauer, LL.M. (Senior Asso­ciate, M&A/Private Equity, Munich)