Stutt\u00adgart \u2014 Keen\u00adsight Capi\u00adtal acqui\u00adres Onven\u00adtis, a leading provi\u00adder of cloud procu\u00adre\u00adment solu\u00adti\u00adons for SMEs in the DACH region, Bene\u00adlux and Scan\u00addi\u00adna\u00advia Part\u00adners. The seller is Main Capi\u00adtal Part\u00adners, which had inves\u00adted in Onven\u00adtis in 2019. Keen\u00adsight was advi\u00adsed by DLA Piper on this transaction.<\/p>\n
Keen\u00adsight will support Onven\u00adtis as it conti\u00adnues to evolve into an inter\u00adna\u00adtio\u00adnal SaaS cham\u00adpion in the midmar\u00adket. The current manage\u00adment team will remain with the company and invest toge\u00adther with Keen\u00adsight Capital.<\/p>\n
Onven\u00adtis, head\u00adquar\u00adte\u00adred in Stutt\u00adgart, Germany, has been provi\u00adding cloud solu\u00adti\u00adons for the digi\u00adtal trans\u00adfor\u00adma\u00adtion of purcha\u00adsing and finance proces\u00adses since 2000. World\u00adwide, more than 1,000 compa\u00adnies in the Onven\u00adtis network handle an annual procu\u00adre\u00adment volume of over 10 billion euros with more than 50,000 suppliers.<\/p>\n
During Main Capi\u00adtal Part\u00adners\u2019 invest\u00adment period, Onven\u00adtis evol\u00adved from a company focu\u00adsed on the DACH region to a leading pan-Euro\u00adpean spend manage\u00adment soft\u00adware provi\u00adder with local offices in the Nether\u00adlands, Sweden and Austria. During this period, the company became an attrac\u00adtive Rule-of-40 company with a strong focus on recur\u00adring reve\u00adnue growth and an increase in total reve\u00adnue of more than 2.0x.<\/p>\n
Keen\u00adsight Capi\u00adtal is one of the leading Euro\u00adpean growth buyout firms. For more than 20 years, the company has been making long-term invest\u00adments in profi\u00adta\u00adble compa\u00adnies with high growth poten\u00adtial and sales of between 10 and 400 million euros.<\/p>\n
The DLA Piper team was led by Part\u00adner Lars Jessen (Corporate\/M&A, Frank\u00adfurt) with Part\u00adners Sebas\u00adtian Decker (Corporate\/M&A, Hamburg), Dr. Konrad Rohde, Of Coun\u00adsel Martin Hein\u00adsius (both Tax, Frank\u00adfurt), Senior Asso\u00adcia\u00adtes Anne-Kath\u00adrin Hoppe, Frie\u00adde\u00adrike Rickers (both Corporate\/M&A, Hamburg), Sven Bisch\u00adoff (Tax) and Asso\u00adciate Daniel Osma\u00adno\u00advic (Corporate\/M&A, both Frank\u00adfurt) in the core team. The team in Germany included more the partners.<\/p>\n
In addi\u00adtion, an inter\u00adna\u00adtio\u00adnal team from DLA Piper\u2019s offices in Sweden, the Nether\u00adlands and Austria acted in an advi\u00adsory capacity.<\/p>\n
Paul Hastings<\/strong>, Paris, advi\u00adsed on the French law aspects and struc\u00adtu\u00adring of the tran\u00adsac\u00adtion with Olivier Deren, Allard de Waal, Vincent Naci\u00adn\u00ado\u00advic and Alban Castar\u00e8de.<\/p>\n About Main Capi\u00adtal Partners About DLA Piper<\/strong><\/p>\n DLA Piper is one of the worl\u00add\u2019s leading commer\u00adcial law firms, with offices in more than 40 count\u00adries in Africa, Asia, Austra\u00adlia, Europe, the Middle East, and North and South America. In Germany, DLA Piper is repre\u00adsen\u00adted by more than 250 lawy\u00aders at its offices in Frank\u00adfurt, Hamburg, Colo\u00adgne and Munich. In certain juris\u00addic\u00adtions, this infor\u00adma\u00adtion may be conside\u00adred attor\u00adney adver\u00adti\u00adsing. www.dlapiper.com<\/p>\n","protected":false},"excerpt":{"rendered":" Stutt\u00adgart \u2014 Keen\u00adsight Capi\u00adtal acqui\u00adres Onven\u00adtis, a leading provi\u00adder of cloud procu\u00adre\u00adment solu\u00adti\u00adons for SMEs in the DACH region, Bene\u00adlux and Scan\u00addi\u00adna\u00advia Part\u00adners. The seller is Main Capi\u00adtal Part\u00adners, which had inves\u00adted in Onven\u00adtis in 2019. Keen\u00adsight was advi\u00adsed by DLA Piper on this tran\u00adsac\u00adtion. Keen\u00adsight will support Onven\u00adtis as it conti\u00adnues to evolve into [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":47916,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1365,1366,1367,1368,1369],"tags":[],"class_list":["post-47918","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-private-equity-en","category-news-en","category-lawyers-tax-advisors-auditors-en","category-lawyers-tax-consultants-auditors","category-investors"],"yoast_head":"\n
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\nMain Capi\u00adtal Part\u00adners is a leading soft\u00adware inves\u00adtor in the Bene\u00adlux, DACH region and the Nordic count\u00adries. Main has nearly 20 years of expe\u00adri\u00adence streng\u00adthening soft\u00adware compa\u00adnies and works closely with the manage\u00adment teams of its port\u00adfo\u00adlio compa\u00adnies as a stra\u00adte\u00adgic part\u00adner to realize sustainable growth and build excel\u00adlent soft\u00adware groups. Main employs 60 people and has offices in The Hague, Stock\u00adholm, D\u00fcssel\u00addorf, Antwerp and the USA (Boston). As of Octo\u00adber 2021, Main has over \u20ac2.2 billion in assets under manage\u00adment. Main has inves\u00adted in more than 150 soft\u00adware compa\u00adnies to date. These compa\u00adnies have crea\u00adted jobs for about 9000 employees.<\/p>\n