VR Equitypartner sells majority stake in Evolit to FLEX Capital

Frank­furt am Main/Vienna (Ös) — Fran­k­­furt-based private equity firm VR Equi­typ­art­ner (“VREP”) has sold its majo­rity stake in Evolit Consul­ting GmbH (“Evolit”), a Vienna-based IT service provi­der specia­li­zing in mobi­lity, infra­struc­ture and digi­ta­liza­tion. The buyer is Berlin-based FLEX Capi­tal, a private equity inves­tor specia­li­zing in medium-sized soft­ware compa­nies in the DACH region. 

Evolit Consul­ting GmbH, foun­ded in Vienna in 2011, is an IT service provi­der with a focus on mobi­lity, infra­struc­ture and digi­ta­liza­tion. The company offers custo­mi­zed soft­ware solu­ti­ons in areas such as ticke­ting, asset manage­ment, fleet manage­ment and logi­stics control. Evolit covers the entire IT life­cy­cle, from consul­ting and deve­lo­p­ment to opera­ti­ons manage­ment and main­ten­ance. In recent years, the company has estab­lished itself as a specia­li­zed provi­der of complex soft­ware solu­ti­ons and works with a wide range of soft­ware tools, programming languages and systems. 

VREP became the majo­rity share­hol­der of Evolit, which now has more than 100 employees, in 2019 and supported the manage­ment in streng­thening its market posi­tion and tapping into addi­tio­nal growth poten­tial by expan­ding its service port­fo­lio. Over the past six years, new subsi­dia­ries have been successfully estab­lished in Slova­kia and Switz­er­land and the service port­fo­lio has been diver­si­fied with the foun­ding of Evol.X in the field of CRM imple­men­ta­tion and Evo.People for the place­ment of highly specia­li­zed IT free­lan­cers. At the same time, smart­TOS was deve­lo­ped in-house as stan­dard soft­ware for the logi­stics sector. The targe­ted promo­tion of syner­gies between the subsi­dia­ries provi­ded further important impe­tus for growth. 

Chris­tian Futter­lieb, Mana­ging Direc­tor at VR Equi­typ­art­ner: “When we joined Evolit, our aim was to work with the manage­ment to increase value crea­tion and expand the range of services for custo­mers. Today, we can proudly say that Evolit has achie­ved an excel­lent market posi­tion by focu­sing on growth segments such as mobi­lity and infra­struc­ture and successfully tapping into chal­len­ging future topics. We would like to thank the entire team for their strong perfor­mance and the time spent toge­ther and wish them every success and all the best for the future.”

Paul Klein­rath, foun­der and Mana­ging Direc­tor of Evolit, adds: “With VREP as an ideal part­ner, which has both strong roots in the SME sector and exten­sive know­ledge of the IT sector, we were able to successfully imple­ment our growth stra­tegy and drive forward important topics. Right from the start, the VREP team impres­sed us with its broad expe­ri­ence in the further deve­lo­p­ment of growth-orien­­ted compa­nies and its profound indus­try exper­tise. The colla­bo­ra­tion has always been trus­ting and profes­sio­nal, and we are deligh­ted with the succes­ses we have achie­ved together.”

The parties have agreed not to disc­lose details of the contract.

The VR Equi­typ­art­ner tran­sac­tion team:
Michael Vogt, Alex­an­der Bernin­ger, Luis Sche­rer, Jens Schöf­fel and Patrick Heinze

Consul­ting firms invol­ved in the tran­sac­tion by VR Equitypartner:

M&A: Drake Star Part­ners (Ralf Phil­ipp Hofmann, Julian Wolf, Maxi­mi­lian von Bodman)
Legal: Grama Schwaig­ho­fer Vond­rak Rechts­an­wälte (Dr. Bernd Grama, Daniel Mathe, Julia Strimit­zer) and HEUKING (Dr. Rainer Hersch­lein, Bene­dikt Raisch)
Commer­cial: Singu­lar Group (Dennis Jung, Henri­ette Jemeljanow)
Finan­cial: Grant Thorn­ton (Klaus Schaldt, Marius Fett)

About FLEX Capital

FLEX Capi­tal is a private equity firm specia­li­zing in boot­strap­ped inter­net and soft­ware compa­nies in Germany, Austria and Switz­er­land. It provi­des part­ner­ship, entre­pre­neu­rial and opera­tio­nal support for the typi­cal German Mittel­stand. — www.flex.capital