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Carlsquare advised 3i on an investment in MAIT GmbH

3i Group plc (“3i Group”) announced that it has agreed to invest c. €60m in MAIT GmbH (“MAIT”), a leading provider of innovative and pioneering digital solutions in the DACH region.

MAIT Group, headquartered in Rottweil, Germany, provides innovative and pioneering digital solutions in product lifecycle management (“PLM”), enterprise resource planning (“ERP”) and IT services generating approx. €120m in sales. More than 550 employees across 21 locations in Germany, Austria and Switzerland develop and implement solutions in close cooperation with their over 5,300 SME customers. As a value-added reseller and strategic implementation partner, MAIT uses the most innovative technologies from market-leading PLM, ERP and IT providers such as Siemens, PTC, SAP-PLM, abas, Comarch, HP and Fujitsu.

MAIT differentiates itself by looking at digitisation in a holistic way and developing tailored solutions in partnership with its customers. Its excellent service is demonstrated by the fact that c. 60% of its customer relationships have existed for over 10 years. The company has a high level of recurring revenues driven by multi-year maintenance and IT infrastructure contracts.

MAIT operates in an attractive market which is expected to continue to grow considerably. To take advantage of growth opportunities, medium-sized companies in particular are investing significantly in digital transformation in order to make their processes more efficient and effective. Against the backdrop of the increasing importance of software and IT solutions, demand for PLM, ERP and IT is expected to grow by around 8% annually in the coming years, driven by megatrends such as IoT and Industry 4.0.

Ulf von Haacke, Partner, 3i, commented: “MAIT is uniquely positioned at the intersection of PLM, ERP and managed IT services and has significant penetration growth potential, as well as multiple strategic M&A opportunities in a highly fragmented market. This makes it an exciting and attractive platform investment for 3i and we are looking forward to working with the excellent management team, and leveraging our other successful partnerships in the technology and software sector, to continue MAIT’s profitable growth trajectory.”

Stefan Niehusmann, Managing Director of MAIT, said: “As the management team, Kurt Gürtler, Axel Schmied, Oliver Spölgen and I are convinced that 3i will be a great partner for the next stage of MAIT’s growth, particularly in supporting our M&A strategy. 3i has a strong track record in the IT services sector and heritage in the DACH region. In addition, the 3i team has an impressive international network which will be very valuable to MAIT.”

Kamy Niroumand, former Chief Sales Officer at T-Systems and current Chairman of HR management software provider P&I, will join the Advisory Board as Chairman.

Carlsquare acted as the exclusive financial advisor to MAIT GmbH.

  • 3i:

  • MAIT GmbH:

Contacts

Picture of Daniel Garlipp
Daniel Garlipp

Managing Partner

Telephone: +49 40 300 836-19

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Mischa Krause

Director

Telephone: +49 40 300 836-24

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Philip Goldhahn

Vice President

Telephone: +49 40 300 836-21

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Mindaugas Yla

Senior Analyst

Telephone: +49 40 300 836-290

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Team

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Jessica Algner

Assistant

Telephone: +49 30 809 33 47-12

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Polina Amini

Senior Associate

Telephone: +49 40 300 836-14

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Jonatan Andersson

Equity Analyst

Telephone: +46 70 508 00 51

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Markus Augustsson

Head of Equity Research

Telephone: +46 76 235 03 20

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Agata Barsallo

Office Management & Accounting

Telephone: +44 20 8017 6020

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Caroline Berglund

Head of Equity Sales

Telephone: +46 73 382 10 82

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Anders Bo

Managing Partner

Telephone: +45 4199 8252

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Ulf Boberg

Senior Advisor Life Sciences

Telephone: +46 73 312 44 90

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Manfred Drax

Partner

Telephone: +49 89 255 49 53-15

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Anders Elgemyr

Managing Partner

Telephone: +46 70 496 18 15

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Sebastian Fischer

Director

Telephone: +49 89 255 49 53-12

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Daniel Garlipp

Managing Partner

Telephone: +49 40 300 836-19

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Philip Goldhahn

Vice President

Telephone: +49 40 300 836-21

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Thorsten Grandt

Vice President

Telephone: +49 30 809 33 47-20

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Johan Heigard

Vice President

Telephone: +46 70 246 99 88

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Picture of Caroline Heintz
Caroline Heintz

Senior Associate

Telephone: +46 707 40 68 58

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Maurice Hinrichs

Associate

Telephone: +49 40 300 836-20

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Arnold Holle

Managing Partner

Telephone: +44 20 80176020

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Lars Johansen

IT&Telecom Expert

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Elaine Kelly

Head of Marketing

Telephone: +49 40 300 836 18

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Anna-Lena Kickbusch

Office Management & Accounting

Telephone: +49 40 300 836 10

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Morten Kjærulff

Partner

Telephone: +45 2634 9031

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Mischa Krause

Director

Telephone: +49 40 300 836-24

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Steffen Leckert

Managing Partner

Telephone: +49 89 255 49 53 26

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Malve Liebig

Senior Associate

Telephone: +49 89 255 49 53-18

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Erik Lundberg

Partner

Telephone: +46 73 850 35 59

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Eva Macha

Office Management & PA to Michael Moritz

Telephone: +49 30 809 33 47-10

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Mandy May

Head of Operations

Telephone: +49 30 809 33 47 16

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Mirja Meyer

Office Management & Accounting

Telephone: +49 40 300 836 10

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Mark Miller

Managing Partner

Telephone: +49 40 300 836-11

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Michael Moritz

Managing Partner

Telephone: +49 30 809 33 47-13

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Bertil Nilsson

Senior Equity Analyst

Telephone: +46 70 434 90 03

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Flemming C. Pedersen

Managing Partner

Telephone: +45 4199 8251

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Anika Schaefer

Office Management & HR

Telephone: +49 89 255 495 310

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Alexander Schleppegrel

Associate

Telephone: +45 2621 0543

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Nico Schmidt-Weidemann

Managing Partner

Telephone: +49 89 255 49 53-17

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Caspar Graf Stauffenberg

Managing Partner

Telephone: +49 89 255 49 53-11

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Gregor Steins

Senior Associate

Telephone: +49 40 300 836-15

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Jon Tingling

Vice President

Telephone: +44 77 1347-8286

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Sybille de Vegvar

Business Development & Marketing

Telephone: +44 20 8017 6017

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Oskar Wollert

Vice President

Telephone: +46 761 71 11 60

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Nils Zettelmeyer

Director

Telephone: +49 30 809 33 47-25

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Andreas Zetzsche

Partner

Telephone: +49 30 809 3347 33

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Marta Zientarski

Vice President

Telephone: +46 73 840 55 66

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Gerrit Zwarg

Senior Associate

Telephone: +49 40 300 836-28

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