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BID Equity and AFINUM have acquired a majority stake in Midoco GmbH based in Hilden/Germany. The three co-founders and Managing Directors of Midoco, Steffen Faradi, Marcus Haarmann, and Jörg Hauschild are to remain shareholders of the company. The transaction became effective on 6 December 2016.
Since its foundation in 2005, Midoco evolved to Germany’s leading midoffice software for the travel industry. In 2015 alone, transactions worth 7.8 billion Euro were executed through Midoco’s SaaS solution. Main customer segments include business and leisure travel agencies, online travel agencies, virtual tour operators as well as mobile travel service operators. For more information please visit the Midoco website.
The transaction is a prime example of BID Equity’s strategy to invest in and develop successful small-cap businesses with above market growth rates and margins. “BID Equity is a partner with an exceptional competence in optimizing software business models. In the coming years, BID Equity will help us to further accelerate the international expansion, including inorganic Buy [&] Build options.”, says Steffen Faradi, co-founder and Managing Director of Midoco.
Carlsquare advised Midoco in the transaction.
About BID Equity
BID Equity is a next generation Private Equity firm investing in successful small and medium sized businesses in Germany and Austria. They take majority stakes in shareholder buyouts and succession situations in successful companies with an annual EBIT of 0,5-6 million Euro. BID Equity invests across all industries, but has a focus on the software and technology sector.
BID Equity considers themselves an active partner for entrepreneurs and management teams, believing in active long-term value creation that help companies reach the next level of their development. Key levers for such value creations are (B)uy [&] Build, (I)nternationalization-, and (D)igital business models.
About Carlsquare und Globalscope
Carlsquare and the international M[&]A network Globalscope offer integrated cross-border M[&]A consulting services for medium-sized transactions. Carlsquare – a partner led corporate finance firm – advises businesses and shareholders to realise their strategic objectives ensuring the highest level of quality. Carlsquare is based in Hamburg and Munich with 26 employees. Globalscope has 51 members in 41 countries with more than 500 professionals worldwide.
For further information, please visit www.carlsquare.com and www.globalscopepartners.com