VR Equitypartner acquires majority stake in IT service provider SIGNON Austria
Frankfurt a. M. / Stuttgart — The Frankfurt-based investment company VR Equitypartner acquires a majority stake in SIGNON Österreich GmbH, a Vienna-based IT service provider specializing in mobility, infrastructure and digitalization. The seller is the German TÜV SÜD Group, which is selling all its shares. Significantly involved is the management team of SIGNON Austria. The aim of the new partnership is to further strengthen the company’s positioning in a niche market and to tap additional growth potential. Financial details of the transaction, which is expected to close in Q3 2019 subject to regulatory approval, were not disclosed.
Heuking Kühn Lüer Wojtek advised the investment company VR Equitypartner GmbH on the acquisition of a majority interest in SIGNON Österreich GmbH. The complex, cross-border transaction was handled jointly with the law firm DORDA. Antitrust clearance is still pending.
The SIGNON Austria management team will continue to hold a significant stake in the company. The partnership aims to strengthen the company’s positioning in a niche market and tap additional growth potential. — SIGNON Österreich GmbH is a Vienna-based IT service provider specializing in mobility, infrastructure and digitization and was founded in 2011 by Paul Kleinrath and Dr. Christoph Bonelli under the name Evolit — Consulting. Two years later, the TÜV SÜD Group acquired a majority stake in the company, making it part of the SIGNON Group. More than 50 people are currently employed at SIGNON Österreich GmbH.
VR Equitypartner is one of the leading equity financiers in the DACH region. The company supports medium-sized family businesses in solving complex financing issues. VR Equitypartner offers majority and minority investments as well as mezzanine financing. As a subsidiary of DZ BANK, VR Equitypartner consistently puts the sustainability of corporate development ahead of short-term exit thinking. VR Equitypartner’s portfolio currently comprises around 100 commitments with an investment volume of EUR 500 million.
The current acquisition is already the second investment by VR Equitypartner in an IT service provider this year, advised by the team around Dr. Rainer Herschlein and Benedikt Raisch (see deal announcement ICS).
Advisors to VR Equitypartner GmbH: Heuking Kühn Lüer Wojtek
Dr. Rainer Herschlein, Benedikt Raisch (both M&A), both Stuttgart
Dr. Bernhard Rieder, Lukas Schmidt (both M&A), both Vienna