Carlsquare advised the shareholders of Krongaard - a leading provider of freelance-enabled consulting - on the sale to Maxburg Capital Partners
Maxburg Capital Partners has joined Krongaard as the new majority shareholder. Krongaard, founded in 2008 by Jan Jagemann and Mathias Bösselmann, is one of the leading German providers in freelance-enabled consulting. With its unique and holistic approach, the company currently offers over 330 blue-chip clients access to the best freelance industry experts on the market. With a portfolio of more than 20,000 highly skilled and experienced freelance experts, Krongaard is able to provide tailored project solutions for clients by identifying the best expert for a variety of tasks, such as IT implementation, digitisation of business processes, post-merger integration, or accounting standards consulting.
Krongaard´s shareholders and management were not only convinced by Maxburg´s focus on long-term, partnership-based, and sustainable investments, but its team which perfectly fits with the Krongaard culture.
Together, the new co-partners share the conviction that the freelance-enabled consulting business model in IT, digitalisation, and specialist consulting projects is only at the beginning of a long growth journey – after a successful 13-year history – and are delighted to begin the next stage of growth with a new partner at their side.
“Together with Maxburg, our fantastic team of over 150 colleagues at Krongaard, along with the thousands of independent experts and hundreds of client companies that we have been privileged to work with for many years, are starting this new stage of a great journey,” says Jan Jagemann.
Moritz Greve from Maxburg commented: “We are excited about our partnership with KRONGAARD, the premium service provider for the professional and contract-compliant engagement of highly skilled self-employed professionals and freelancers for IT, digital transformation and specialised consultative project work. We are extremely impressed by the entrepreneurial performance of the founders and childhood friends Jan Jagemann and Mathias Bösselmann, who, together with Dieter Dürr, have developed KRONGAARD into achieving more than EUR 100m expected turnover for 2021, driven by the mega trends of skills shortages, project-based work, and self-employment in the highly skilled specialist segment. We are looking forward to supporting the next growth phase of KRONGAARD together with Jan Jagemann, Mathias Bösselmann, Andreas Brück, Rieka Wienke, Jesko Braun, Dr. Tillmann Eufe, Elmar Arbogast, Fabian Blome and the entire KRONGAARD team over the next years.”
“We look back on an exciting transaction process with incredibly strong support from Mark Miller, Philip Michel Goldhahn, Gregor Steins, Robert F. Suhr, and William Liu from Carlsquare. Many thanks to all involved, in front of and behind the scenes – it was fun!” described Mathias Boesselmann, Jan Jagemann and Dieter Dürr.
Carlsquare acted as exclusive financial advisor for the shareholders of Krongaard AG.
Maxburg Capital Partners: