Carlsquare advised digitalisation expert ctrl QS on its sale to Odewald KMU II
Funds advised by Odewald KMU (“Odewald KMU”) have acquired a majority stake in ctrl QS GmbH Rollout Management for Digital Projects, a leading service provider that supports global corporations in the roll-out of digital solutions. Together with the founder, Mirja Silverman, who will continue to lead the company as Managing Partner, the company’s successful growth path is to be continued.
ctrl QS is a specialist service provider that advises multinational corporations and brands on process, tool and change management in the context of digital projects and provides operational support to its customers. In its core market, ctrl QS already occupies a leading market position and, thanks to its comprehensive expertise, has a wide range of opportunities to expand its product range and continue to grow successfully both nationally and internationally. A key competitive advantage of ctrl QS is the in-depth understanding of the processes and challenges of the customers as well as the many years of experience in successful handling of cross-system, digital projects. In addition, further growth is to be realised through targeted add-on acquisitions. The Berlin-based company was founded in 2009 and today employs over 100 people.
The Odewald KMU II Fund invests in attractive target markets in the German-speaking SME sector. The sector focus is on profitable, fast-growing SMEs in the areas of “German engineering”, intelligent services, health and IT/software. The typical investment occasions are succession arrangements and/or growth financing.
Mirja Silverman, Founder and Managing Partner of ctrl QS, said: “We were looking for a reliable and financially strong partner who can strategically support us on our further growth path. In addition, it was important for us to find a partner who values and wants to continue the unique corporate culture of ctrl QS. Together with our M&A Advisor Carlsquare we have found exactly that in Odewald KMU.”
Heiko Arnold, partner of Odewald KMU, commented as follows: “The investment in ctrl QS expands our portfolio in the highly attractive and strongly growing market of supporting companies and organisations in their digital transformation. We were convinced not only by the strong growth and the extraordinary client portfolio, but especially by the entrepreneurial management. We are delighted to be able to support Mirja Silverman and her team in implementing the future growth of ctrl QS. This acquisition also demonstrates our increased focus on technology companies: There are many owner-managed companies here with exciting business models and excellent growth prospects.”
Carlsquare acted as exclusive financial advisor to ctrl QS.