Carlsquare advised the shareholders of Feelgood Shop B.V., a leading online shop for dietary supplements in the German-speaking region, in the context of a succession plan for all business shares in the Bionexx Group around GSE sales, naturity and FITNE. The acquiring BioneXX Holding is controlled by the investment company Finexx.
The Feelgood Shop B.V. was the first online shop for natural nutrients in the German-speaking area when it was founded in 2003 and is now one of the leading suppliers of high-quality, certified organic food supplements and vital substances. The assortment primarily includes quality products on a natural basis – including vitamins, minerals, superfood, vital substance concentrates, anti-aging and diet products as well as sports nutrition such as muscle building products.
The investment company Finexx, which supports medium-sized companies with capital, know-how and an extensive network as they grow, has built a leading platform for organic and organic food supplements in Europe under the umbrella of BioneXX Holding in recent years. At the end of 2018, the basis for this was the majority stake in the renowned GSE Vertrieb Biologische Lebensmittelergänzungs- und Heilmittel GmbH and the naturity Vertriebsgesellschaft mbH. Meanwhile, the former L’Oréal LOGOCOS brand FITNE Health Care and JUVENTA Healthcare also belong to the group.
”We are pleased that we were able to continue to successfully implement our buy-and-build strategy in the area of nutritional supplements and to support BioneXX in this important purchase,” says Finexx Managing Director Matthias Heining. ”The market for health-conscious, organic food is booming and the excellently positioned Feelgood Shop will give BioneXX a new growth spurt, especially in online sales.”
Feelgood Shop comments: “In the past 17 years, our company has written a unique success story. We are convinced we have found the best partner for a successful future and are proud that Feelgood Shop will join a global industry leader.”
The new partnership with Feelgood Shop is intended to strengthen product development in the BioneXX Group, bundle purchasing and logistics skills and expand online sales capacities. For Feelgood Shop, the focus is on leveraging previously unused sales potential in other European markets, while meeting the steadily growing demand for health-preserving and health-promoting products with an even broader and bio-focused product portfolio.
Carlsquare acted as the exclusive financial advisor to Feelgood Shop B.V. and its shareholders.
Carlsquare advised Orpheus GmbH, a VC-funded provider of procurement controlling analytics software, on the sale to McKinsey. Founded in Germany in 2005, Orpheus’ software helps organisations optimise their external expenditure throughout their operations by analysing purchasing data streams for value capture opportunities and measuring realised procurement impact applying artificial intelligence solutions. Orpheus’ managing shareholders and the institutional investors, Unternehmertum Venture Capital Partners GmbH, Senovo Capital Management GmbH and KfW, have now realised the next growth step through the sale to McKinsey.
With this acquisition, McKinsey brings a new offering to clients: Spend Intelligence by McKinsey—a service that will enable spend transparency, spend and cost analytics, and value capture management. The offering is a powerful combination of Orpheus’ advanced platform technology, and McKinsey’s industry expertise and content-rich services in digital procurement.
Based in Nuremberg, and today with a robust set of clientele across industry sectors, Orpheus has a reputation for delivering quality and value in solution areas including automated data extraction; AI enabled spend categorization; and spend and category prescriptive and predictive analytics, including software agents (BOTs) and procurement impact tracking.
By infusing best-in-class technology and AI-based analytics with deep supply-market and category-sourcing expertise, and by innovating with service delivery models including outsourcing, Spend Intelligence by McKinsey helps clients unlock value in their purchasing data: actionable insights that help capture more impact in procurement, sustainably.
Spend Intelligence by McKinsey will be a core element of the digitally-enabled procurement function of the future, involved in all business value chain activities from product development to distribution, and playing a strategic role in managing budgets and costs, anticipating and mitigating supply risk, and driving compliance.
Philipp Radtke, McKinsey Senior Partner and global co-leader of the Operations Practice, said: “We’re delighted to welcome Orpheus GmbH to McKinsey. The new service will offer clients deeper and more consistent insights into opportunities for spend optimization through an innovative combination of data, software, category sourcing expertise, and services.”
Jörg Dittrich, Orpheus CEO, said: “Orpheus is excited about joining forces with McKinsey. Together we can create a much richer solution and service offering that – with a single focus on driving impact for clients – is truly something new and differentiated in the space.”
Carlsquare acted as the exclusive financial advisor to the shareholders of Orpheus GmbH.
David Lloyd Leisure (DLL), Europe’s leading health and wellness group, announces the acquisition of Hamburg-based Meridian Group, which operates eight premium fitness and wellness facilities in Germany. DLL, a portfolio company of TDR Capital, plans to invest over €20 million to further develop Meridian’s clubs into world-class fitness, health and wellness facilities. The British leisure group acquired its first German club in Bad Homburg in 2018. The acquisition of the Meridian Group is the next step in DLL’s ambitious expansion plans to grow in the German and European wellness and fitness market.
In December 2014 Afinum, a leading German private equity investor, acquired the Meridian Group, to further strengthen the company’s market position as the leading German premium fitness and wellness club operator and to accompany the upcoming management transition program. Carlsquare already advised Leo Eckstein in 2014 in finding a new sparring partner by pitching the idea to Afinum. They have now sold their stake to DLL, whose financial strength and industry expertise will guide the Meridian through the next growth phase.
Leo Eckstein has successfully led the Meridian Group for 20 years and has also been a co-owner since his management buy-out in 2007 and is now also selling his shares. Eckstein (61) had already announced three years ago that he intended to handover the company into younger hands. With Christin Lüdemann (45) and André Nagel (43) this generation change has been initiated. Both now manage the operating business independently. Eckstein will continue to oversee the transition until March 2020, when he will retire from the management. He will then continue to work as a consultant at DLL’s request to support the future expansion plans.
With the sale to DLL, which is owned by investment funds managed by TDR Capital LLP, AFINUM and Eckstein expect a successful continuation of the positive development of the Meridian Group and a further expansion of its leading market position in the premium segment in Germany. DLL’s investment plans include the further development and expansion of its fitness offering (equipment and courses) and the expansion of its wellness offering and possibly even the construction of additional pools.
Glenn Earlam, DLL’s Managing Director/CEO commented, ”The Meridian Group is a strong, respected and very well managed company in the German fitness and wellness industry. The acquisition represents an important strategic move for David Lloyd Leisure. We have ambitious plans to continue to invest in and develop the clubs. We are looking forward to meeting the Meridian members and the Meridian team to share our vision for the future. There is a high demand for first-class spa and fitness clubs in Germany, which is an attractive market to expand in as well as to roll-out the David Lloyd Leisure concept across Germany”.
Leo Eckstein, former managing shareholder of Meridian commented: “Carlsquare was our partner of choice, because of its connection to Meridian as well as its local presence in Hamburg and Berlin. Carlsquare has supported us in all steps of the process and helped us to get the deal done in a very efficient manner.”
“We appointed Carlsquare as our exit advisor due to its strong mid-market experience and competitive sell-side capabilities. Carlsquare has done an excellent job and we were very satisfied with the handling of the exit process.” says Burkhard von Wangenheim, Afinum.
Michael Moritz, Managing Partner Carlsquare, about the transaction: “We are very happy we were able to support our long-term client Afinum during another milestone transaction. This transaction represents another landmark in our Private Equity sell-side coverage and proofs our strong know-how in executing competitive auction sell-side processes in a professional environment.”
Carlsquare already successfully advised Afinum on the acquisition of Meridian Spa & Fitness Deutschland GmbH in 2014 and has now again supported the group in its next growth step as their exclusive financial advisor.
Südwestdeutsche Medienholding completes the first important transaction in its newly created venture business and takes over 7Mind GmbH, the leading digital platform for meditation and mindfulness in the German-speaking world. With the acquisition, the SWMH lays the foundation for the development of a digital health platform. At the same time, SWMH is implementing its corporate strategy, according to which accompanying growth businesses should make a significant contribution to the diversification of the group of companies by the end of 2022. The media group focuses on innovative companies from rapidly growing digital markets in the areas of education, health, care and family. By broadening the scope of its products and services, SWMH is making itself less dependent on traditional sources of revenue and thus securing the stability of its core business – namely the quality journalism of its almost 200 media in print and online.
Founded in 2014, 7Mind is the largest German platform offering digital content for meditation and mindfulness. Over 1.5 million users have already found the 7Mind app to be a simple and scientifically sound entry into the world of meditation and mindfulness. 7Mind also offers Germany’s most popular online magazine and Germany’s most popular podcast for meditation and mindfulness. With the MIND conference series, 7Mind also brings together experts and business representatives every year to discuss mindfulness in the corporate world.
7Mind plans to bring further products into the market in the next years for an ever-increasing target group of people who want to meet the challenges of modern, hectic everyday life with calmness and serenity. The company is based in Berlin, is active in the DACH countries and France, and has over 40 employees.
The company founders and managing partners Jonas Leve and Manuel Ronnefeldt will continue to perform their functions and remain associated with 7Mind on a long-term basis.
”The acquisition of 7Mind is an important anchor investment for us to create a digital health platform,” said Christian Wegner, CEO of SWMH. ”We will continue to invest more in this area and with our trustworthy brands and close contacts to regional and national target groups, insurance companies and advertisers, we are an attractive partner for high-growth companies.”
Jonas Leve, founder and managing partner of 7Mind: “With SWMH we have found a strong partner for the next development steps and the growth of 7Mind. We are very happy about that.”
Managing Partner and founder Manuel Ronnefeldt adds: ”Through the combination of experience, innovative strength and reach that SWMH stands for, we can support our users even better in the future with our offer for meditation and more mindfulness.”
Carlsquare acted as the exclusive financial advisor for 7Mind.
Carlsquare advised the shareholders of Bifodan in relation to a sale and partial reinvestment into Deerland Probiotics & Enzymes, a platform investment of US-based Roundtable Healthcare Partners.
Bent Andersen, Chairman of Bifodan:
“We are very happy that we have come to an agreement on creating a global player within probiotic dietary food supplements. The transaction offered the investors an opportunity to realize their shares at attractive terms, while at the same time allowing flexibility to reinvest into the acquiring company in order to benefit from the synergies and future value creation of the combined entities.
Given the complexity of the transaction, involving multiple work streams, we are very satisfied that we had a strong team of dedicated financial and legal advisors that worked well together to make this happen.”
Bifodan A/S develops and manufactures probiotic turnkey solutions for private label customers worldwide. Bifodan delivers clinically documented, high-quality probiotic products, manufactured at a GMP approved production facility. Bifodan has been dedicated to the research and development of probiotic nutritional supplements since 1992 and currently covers four segments: Digestion, Immune Health, Women’s Health and Oral Health.
Bifodan has a long history in probiotic bacteria, as the company was founded by the first Danish dairy to isolate the lactobacillus acidophilus bacteria in 1938. The company is headquartered in Denmark and has sales offices in the USA, the Netherlands, the Czech Republic, Italy and China.
Deerland Probiotics & Enzymes, USA, specializes in developing science-backed solutions that benefit microbiome health, using probiotic, prebiotic and enzyme technology. The company offers a line of unique, clinically supported branded products, including DE111®, PreforPro®, ProHydrolase®, Solarplast® and Glutalytic®.
Deerland collaborates with customers to develop innovative and often proprietary solutions in the dietary supplement and food and beverage markets. In addition to branded ingredients and customized formulations, Deerland offers full turn key manufacturing services.
Deerland Probiotics & Enzymes is a platform investment of RoundTable Healthcare Partners, an operating-oriented private equity firm focused exclusively on the healthcare industry.
Carlsquare acted as financial advisor to the shareholders of Bifodan.
Europe’s leading provider of prison technology expands to a new continent
With its acquisition of the Australian prison phone provider Comsec, Hamburg-based company Telio is continuing its international expansion and is adding a new continent to its global footprint. Comsec is the second acquisition for Telio within the last 12 months and part of the company’s growth strategy of becoming the world’s leading full-service provider for prison technology services.
Telio is currently active in 20 countries across Europe, the Middle East and Africa. It offers technology solutions for (prison) inmate communication. Comsec has been providing prison phone systems in Australia since 1991 and is the market leading Australian prison phone specialist. They are currently providing telecommunications services to approximately 50% of the Australian inmate population.
“Comsec is an ideal match for the Telio Group and a great stepping-stone for the expansion into the Asia/Pacific region”, says Oliver Drews, CEO of Telio, on the acquisition. “Our new colleagues from Comsec are trusted, long-term partners of the Australian corrections authorities and together we are perfectly positioned to continue on our growth path,” continues Drews.
“The time was right for us to partner with a world leading technology provider. Having the first ever prisoner phone system in Australia is something we are immensely proud of. However, whilst it has been a very solid platform that has evolved over time, the Telio system is technologically advanced and the future for Comsec.” explains Rosalie Windust, CEO of Comsec TR.
Comsec is the incumbent supplier of prison phone services for the states of Victoria, Queensland and Tasmania. Comsec TR will continue to be led by its current CEO Rosalie Windust, veteran of the industry with over 25 years’ experience, which will ensure the highly respected Comsec service model will continue uninterrupted.
It is anticipated that Comsec TR will introduce the Telio software solution as well as a variety of other products that showcase the latest inmate media technology to the Australian market in the medium-term. The companies have agreed not to disclose details about the transaction.
Carlsquare acted as the exclusive financial advisor to Telio and BDO Australia acted as lead advisor to Comsec TR.
Precision Motors Deutsche Minebea GmbH (PMDM), based in Villingen-Schwenningen, Germany, acquires Mast Kunststoffe GmbH & Co.KG, based in Bad Waldsee, Germany. The transaction is part of a company succession plan and yet subject to the approval by the antitrust authorities.
The acquisition of Mast Kunststoffe by PMDM opens significant perspectives, growth opportunities and synergies for the international group of companies. With this acquisition, PMDM strengthens and broadens its product range in the development and production of drive components. The new owner aims to consolidate and expand the site in Bad Waldsee as a European competence center for precision plastic parts in the field of gear and drive components. Mast Kunststoffe will continue to operate as usual under the new ownership.
After almost 30 years of joint management, the brothers Peter and Ulrich Mast see Mast Kunststoffe in good hands with PMDM, both with regard to the continuation of the business and the future strategy.
Ulrich Mast said: “We are pleased to have found in PMDM a strategic and very dynamic partner with whom we have already worked well and trustfully for many years, and with whom we can address the challenges of the future. We very much appreciate that the new owner expressed his explicit wish to maintain and further expand all existing customer relationships.“
Peter Mast added: “The continuation of the company by PMDM secures and strengthens the jobs of our employees. This has been an important goal of the succession plan.“ The Mast brothers will continue to be available to the new owner and the employees in their function as managing directors for the coming years.
Precision Motors Deutsche Minebea GmbH is the largest motor development center in the international network of the Japanese MinebeaMitsumi Group. In addition to drive systems for the industry and the automotive sector, PMDM’s product portfolio also comprises hard disc drive motors, highly efficient electronically commutated BLDC motors and energy harvesting systems. PMDM currently has around 400 employees in Villingen-Schwenningen.
Mast Kunststoffe was founded in 1960 by Franz Mast as a plastics processing company and made itself a name with the manufacturing of precision plastic parts in an at that time still new industry. After the early death of Franz Mast, his sons Dipl.-Kaufm. Peter Mast and Dipl.-Ing. Ulrich Mast became the new managing shareholders at the beginning of the 1990s and developed the company into one of today’s leading suppliers of tool-bound plastic gear and drive components. Today, Mast Kunststoffe employs 130 people at its site in Bad Waldsee.
Carlsquare acted as the exclusive financial advisor to Mast Kunststoffe GmbH & Co.KG.
Main Capital, in conjunction with the Onventis management team, has acquired a strategic stake in Onventis, a cloud-based platform provider for e-procurement. Through its rich set of functionalities, Onventis’ software offers both buyers and suppliers a user-friendly and fully-integrated suite to connect, automate and control the entire chain from sourcing to payment.
Founded in 2000 with headquarters in Stuttgart, Onventis has quickly grown into a leading, open procurement solution for the German Mittelstand. The Company’s offering steers procurement processes of direct and indirect materials in strategic and operational procurement. The Onventis procurement network channels more than Euro 5.5 billion purchasing volume per year for approx. 350,000 users and 35,000 suppliers globally. The software’s modular and integrated design offers flexible, comprehensive and intuitive solutions for customers looking to digitize their workflows.
Many procurement managers struggle with the ongoing globalization of supply chains whilst simultaneously facing tighter budget restrictions. The resulting complexity forces more and more companies to invest in the standardization and automation of their procurement processes. Industry analysts expect the growing pressure will increase the number of organizations making use of e-procurement solutions and thus spur the overall market growth in the years to come.
Looking forward, Main Capital will actively support Onventis in maintaining its strong growth momentum by further internationalizing the business and extending the value proposition for its customers. Besides organic growth initiatives, strategic add-on acquisitions will be an important pillar of the growth strategy to complement the innovative product and services portfolio, further broadening the geographical footprint as well as consolidating the market position. For 2019, Onventis expects close to 30% year-over-year growth. Moreover, the Company’s management team will come out even stronger from the transaction by partnering with Main Capital as joint shareholders.
Frank Schmidt (CEO of Onventis):
”With their strong expertise and network in the software sector, the team from Main Capital Partners constitutes the ideal partner for our envisioned growth strategy. Our Mittelstand-focused e-procurement solutions are quickly gaining market share, which helped Onventis achieve another record year in 2018. Together with our new partner, we will continue this success story by further expanding our product portfolio and widening our geographical reach.”
Charly Zwemstra (Managing Partner of Main Capital Partners):
“We were immediately impressed by Onventis’ capable management team, which spearheaded the Company’s big steps forward in recent years. We are excited to assist Onventis going forward in its expansion and further roll-out of the open procurement network.”
Carlsquare acted as the exclusive financial advisor to Onventis.
Avenga (former IT Services Competence Platform) is expanding to include Sevenval, a leading German consultancy for digital transformation with a strong digital user experience and technology background. The acquisition will strengthen the presence on the DACH (Germany, Austria, Switzerland) market of the global IT outsourcing platform being assembled by Oaktree Capital Management and Cornerstone Partners.
The IT Services Competence Platform was launched in June 2017 with the acquisition of IT Kontrakt, a leading outsourcing IT and managed services provider originating from Poland. Sevenval is the third company to join the IT Services Competence Platform, following the acquisition of Solidbrain (Poland) and CoreValue (US, Ukraine, Poland). In addition to the dynamic growth of its constituent companies the Platform envisages further acquisitions, focusing on Western Europe & Scandinavia as the next target markets. The goal of the Platform is to become a global provider of end-to-end IT outsourcing services for clients in Western Europe, Scandinavia and the US, through delivery centers located in Central Eastern Europe and Asia.
“Sevenval joining the Platform is transformative for the Group, as we are entering the German market with a strong partner having over 20 years of experience in digital consulting,” said Tomasz Pyrak, Global CEO of the IT Services Competence Platform. “We envisage significant synergies from leveraging Sevenval’s invaluable expertise and access to large multinational accounts with the Platform’s pool of high quality engineers and complementary service offering.”
Sevenval is a uniquely positioned and highly valued frontend expert with deep technology expertise to drive clients’ digital transformation by implementing customer-centric solutions in all layers of the company, from frontend to backend. The company handles digital transformation holistically and serves as a one-stop shop, combining the creativity and innovation of a digital agency with the precision and pragmatism of an experienced technology service provider.
“Joining the Platform is a win-win situation for all of us, as we are becoming part of a group of over 2,400 high quality engineers and complementary competences. Our joined service offering will focus strongly on simultaneously driving our customers’ digital transformation based on a comprehensive approach and our customers’ individual needs,” said Sevenval CEO and founder Jan Webering.
The IT Services Competence Platform plans to carry out another two or three mergers by the end of 2020, with the goal of growing the organization to 5,000-6,000 engineers and implementation of global projects for clients from the banking & finance, insurance, healthcare & pharma, real estate and automotive industries.
Carlsquare acted as the exclusive financial advisor to the IT Services Competence Platform.
fitvia, one of the most successful healthy lifestyle start-ups in Europe, has welcomed a strategic partner on board: Dermapharm AG, a leading manufacturer of patent-free branded pharmaceuticals in Germany, will provide support for growth and product development in the future. In return, 70 percent of fitvia is passing to the Munich company. fitvia founder Sebastian Merkhoffer, who will continue to run fitvia, is retaining 30 percent.
The healthy lifestyle start-up fitvia from Wiesbaden distributes healthy food and supplements in the healthy living sector through its own online shop – from tea and cereals up to an extensive product portfolio in the weight control, wellness, beauty and healthy nutrition categories. fitvia was one of the first companies in Germany to rely exclusively and systematically on influencer marketing and social media – previously an almost unknown marketing approach – which they have done since establishing the company in 2014.
Healthy lifestyle is one of the fastest growing consumer segments. Europe-wide, estimated sales for 2019 of functional food are €30.8 billion, for tea €3.8 billion, food supplements €25.5 billion and cereals €7.1 billion – and rising. The fitvia product portfolio covers precisely these trends. With success: for 2019, fitvia’s sales are estimated at approximately €20 million, generating earnings before interest, taxes, depreciation and amortisation (EBITDA) of approximately €3.5 million.
“We want to use the strategic partnership with Dermapharm to create synergies in product development and to expand our product portfolio,” says Sebastian Merkhoffer. “Demand is high, the market has huge potential, which is where a listed company like Dermapharm with all its experience will be perfect in helping us move forward.”
Dermapharm has its own production facilities and a sophisticated value creation chain. fitvia wants to use this in the future in order to create new products quicker and to be able to bring them onto the market. They also intend to rapidly drive forward internationalisation together.
“Health-conscious consumers are better informed about nutrition today. With the investment in fitvia GmbH we are expanding our own value creation chain and further extending our expertise in healthy nutrition,” says Karin Samusch, member of the Management Board of Dermapharm Holding SE.
The purchase agreement still requires the approval of the cartel authorities.
Carlsquare acted as the exclusive financial advisor for fitvia. This means Carlsquare has successfully completed its tenth e-commerce transaction in the past 18 months, thus further expanding its leading position as a financial advisor in the e-commerce segment.
With an international team of 60 employees, fitvia is one of the most successful healthy lifestyle start-ups in Europe. The Wiesbaden-based company was founded by Sebastian Merkhoffer in 2014 and is seen as a pioneer of influencer marketing. fitvia makes healthy lifestyle products accessible to everyone and pursues the vision of making the world a bit healthier and happier. Passion for products with the highest quality, careful expertise and a strongly customer-oriented philosophy form the foundations for success. Today, fitvia supplies its premium lifestyle products worldwide in seven countries. fitvia now makes approximately 50 percent of its sales abroad. Since the end of 2018 the company has also offered cosmetics in the beauty sector under the bellavia brand in addition to food and supplements.
Dermapharm is a leading manufacturer of patent-free branded medicines for selected markets in Germany. The company, founded in 1991, is based in Grünwald near Munich and has its main production location in Brehna near Leipzig. The company’s integrated business model comprises internal development, its own production facilities and sales of medicines and other health products for selected markets distributed by a pharmaceutically-trained sales force. Dermapharm has about 900 drug approvals for more than 250 substances, which are distributed as medicines, food supplements or supplements for balanced diets.
Carlsquare offers integrated cross-border M&A advice for medium-sized transactions. Carlsquare – a partner-managed corporate finance boutique – assists companies and their shareholders in achieving their strategic goals. Carlsquare is represented in Europe by 70 employees in Berlin, Copenhagen, Hamburg, London, Munich and Stockholm.
Serviceware SE (“Serviceware”, ISIN DE000A2G8X31) continues to implement its growth strategy and has today acquired 100 percent of the shares in cubus AG (“cubus”). cubus is a leading software provider in the fields of Corporate Performance Management/ Business Intelligence (“CPM”/ “BI”). The cubus software enables companies and individual profit centres to analyse their financial KPIs and to prepare on this basis viable plans, forecasts and simulations for the future development of their balance sheet, their profit and loss account as well as their cash flow statement, amongst other things. In this way, corporate decision makers are offered a reliable basis to manage their company or profit centre.
With the cubus software, Serviceware connects the Financial Management of the own Enterprise Service Management (ESM) platform – where Serviceware holds already an extremely strong position with the software solution anafee – with the Corporate Finance department of companies. This is particularly attractive for large and medium-sized companies, which operate their Shared Services in subsidiaries or as a profit centre.
The acquisition of cubus is Serviceware’s second takeover since its IPO in April 2018. Last year, Serviceware extended its integrated ESM platform by acquiring the knowledge management specialist SABIO.
Dirk K. Martin, CEO and founder of Serviceware:
“With cubus we are supplementing our platform by adding the important module Corporate Performance Management/ Business Intelligence. With this platform solution from a single source, we will be able to address large customers in future even more effectively. Furthermore, we see considerable cross-selling potential between our existing customer base and the customers of cubus. Consequently, we continue to expand our market leadership in Europe as a digitizer of service processes in companies. We continue to consistently implement our strategy based on the three pillars extension of our ESM platform, enhanced addressing of large customers and accelerated internationalization. The acquisition of cubus complements this strategy perfectly.”
Harald Matzke, co-Founder and Member of the Executive Board of cubus AG:
“With Serviceware we have the perfect partner to further accelerate our growth. The products and competences are ideally complementing each other. For customers this results in significant added values from the integrated product portfolio. We are looking forward to being internationally successful as part of the growing Serviceware family and establishing a European market leader.”
Carlsquare acted as the exclusive financial advisor to Serviceware.
About Serviceware SE
Serviceware is a leading provider of software solutions for digitising and automating service processes that enterprises can use to improve their service quality and efficiently manage their service costs. The unique integrated and modular ESM platform consists of the proprietary software solutions helpLine (Service Management), anafee (Financial Management), Careware (Field and Customer Service Management), SABIO (Knowledge Management) and cubus (Corporate Performance Management / Business Intelligence). Serviceware has more than 800 customers from a wide range of industries, including nine DAX-listed companies and four of the seven largest German companies. The company is headquartered in Bad Camberg, Germany. Serviceware has more than 400 employees.
Bogensportwelt, the leading European online retailer of modern archery equipment, and H&N Sport, one of the world’s largest producers of air gun pellets and bullets, have merged to form Outdoor Sports Equipment GmbH. All previous shareholders remain involved and the operational management remains the responsibility of the previous management.
The combination of Bogensportwelt’s strong online presence and H&N Sport’s established trading relationships with customers in 65 countries will significantly accelerate the group’s geographical expansion and growth.
“Merging with Bogensportwelt is a significant step for the further development of companies. Together, we will have an even stronger position in the shooting sports industry which will allow us to capitalise on existing growth opportunities”, said H&N Sport Managing Director Florian Schwartz.
“We consider the merger as the beginning of a successful joint era. Each company has tremendous skills and competences, which result in vast synergy effects and new opportunities. We are delighted about this important step”, according to BSW Managing Director Sven Stiemer.
Carlsquare acted as the exclusive financial advisor to Bogensportwelt.
ALTEN GmbH, a global leader in technology consulting and engineering has acquired IPN Brainpower GmbH & Co. KG, a German staffing services specialist within the engineering and IT sector. The IPN group offers staff leasing (temporary employment) and staff placement (permanent employment) services to several international blue-chip clients. With headquarters in Nuremberg and additional locations in Regensburg, Munich, Leipzig and Frankfurt, the company has a geographical focus on Central and Southern Germany.
The IPN group was founded in Neumarkt (Oberpfalz) in 1997 by Wolfgang Knecht. The aim was to open career opportunities for highly skilled employees and offer them interesting projects in various fields including plant engineering, electrical engineering, energy, automotive engineering, aerospace, mechanical engineering and information technology. The group’s key competence is its close contact to project decision makers of influential partner companies, which provides the IPN group access to interesting job offers in pioneering projects that are not available in the open market.
By acquiring and integrating the IPN group, ALTEN will complement its current operations in Germany with the capacity and expertise of an important player within the engineering and IT consulting sector. ALTEN itself is listed on NYSE Euronext Paris and has over 30,000 employees in more than 20 countries with global sales of approx. EUR 2.3bn in 2018. Germany is considered as a key market by ALTEN, if not the most important market.
CatCap acted as exclusive financial advisor to the IPN group.
eEquity investerar i Preglife, den ledande appen för gravida och nyblivna föräldrar i Norden
Appen Preglife lanserades i oktober 2010 och har sedan dess laddats ned 2,6 miljoner gånger, idag används appen av över 500 000 aktiva användare i Norden, Polen, Tyskland, Storbritannien och USA. Affärsidén bakom Preglife är att på ett förtroendeingivande och inspirerande sätt förmedla kunskap och information till blivande och nyblivna föräldrar så att de kan fatta informerade beslut avseende sig och sin familj. Preglife har sedan starten samarbetat med ett stort nätverk av läkare och barnmorskor för att säkerställa att den information som förmedlas är högst relevant och korrekt. Preglife omsätter idag cirka SEK 20 miljoner och växer snabbt med god lönsamhet.
”Vi är väldigt glada över att vi valde att arbeta med Carlsquare givet att de fullföljde projektet med stor entusiasm samt arbetade efter tydliga processer som maximerar värde och resultat”
Tobias Meschke, Grundare och VD, Preglife
Carlsquare agerade exklusiv finansiell rådgivare åt säljarna.
Turtle Beach, the global leader in gaming headsets and audio accessories, announced the entry into an agreement to acquire ROCCAT– a top German PC peripherals company with a history of producing innovative, award-winning gaming mice, keyboards and accessories.
With ROCCAT’s powerful product lineup added to Turtle Beach’s broad market position and leading headset brand, the acquisition significantly accelerates Turtle Beach’s planned expansion into the market for PC gaming headsets, mice and keyboards. By acquiring ROCCAT, Turtle Beach further strengthens its market position in key PC-centric European territories, including Germany where ROCCAT is already a well-respected leading brand. Additionally, ROCCAT will see the benefits of Turtle Beach’s strong sales and distribution in North America and across Europe, while Turtle Beach will gain distribution into new Asian markets through ROCCAT’s presence in those markets.
”This is a dynamic and strategically important deal for Turtle Beach. We are adding a complementary portfolio of PC gaming mice and keyboards, a skilled PC accessories team, and a highly synergistic distribution footprint. We are thrilled to welcome René Korte and the ROCCAT team to the Turtle Beach family, as they are a highly talented group with deep experience in PC accessories and have a similar focus on providing high quality, innovative products to gamers worldwide.” said Juergen Stark, CEO of Turtle Beach.
René Korte, CEO of ROCCAT, added, ”We’ve long admired how Turtle Beach’s pioneering headsets have elevated gaming and it is an honor to join forces and bring our great products to more gamers. I have no doubt that combining ROCCAT’s strength in the PC peripherals market with Turtle Beach’s 45 years of experience, impressive technology, console dominance, and strong brand will bring even more victories to gamers around the world.”
ROCCAT has been ranked as one of the top 10 best-selling gaming peripheral brands in Europe, and per recent Newzoo consumer survey data, is one of the top four brands for awareness, purchase consideration, and preference for gaming keyboards and mice in the German PC gaming peripheral market.
CatCap acted as the exclusive financial advisor to ROCCAT.
CatCap advised the leading fitness brand Bodylab on its sale to Vitafy. Bodylab was founded by Loek Postma and Gert-Jan Taillie in the Netherlands in 2004. In the following years, the company developed into one of the leading suppliers for dietary supplements for athletes in Benelux. Following the involvement of Jeffrey Dunant and Gerd Michael Bovelet, the German market increasingly moved into the focus of the company and became Bodylab’s strongest sales market. Beside the brand Bodylab the online shop bodylab24.de also offers the most popular products of the best known national and international third-party brand manufacturers. With more than 75 different products for muscle growth, fitness and weight training, the Bodylab range particularly addresses fitness-enthusiastic, male targets between 16 and 49 years. Bodylab has a strong presence on social media channels and cooperates with numerous fitness and nutrition influencers in Germany and the Netherlands.
Vitafy is one of the leading providers of nutrition and dietary supplements in the field of fitness, weight management and health. After the financing round with Cipio Partners and Venture Stars in December 2018, Vitafy now acquires one of the leading German men’s fitness brands Bodylab. Earlier this year, Vitafy announced the purchase of GymQueen, one of Germany’s most successful fitness brands for women. In doing so, the company is resolutely pursuing its expansion course and strengthening its brand portfolio with another established quality brand in the fitness sector.
”With Bodylab we have gained one of the leading and highest quality Fitness Nutrition brands for men, which complements our brand portfolio perfectly. Through Bodylab we are hoping for a greater presence in the attractive bodybuilding segment and see great growth potential nationally and internationally.” said Vitafy managing director and co-founder Georg Bader.
”Vitafy and its in-store expertise and operational expertise in e-commerce provides us with an ideal combination for future development, so we believe that the Vitafy Group and Bodylab are the ideal solution. We look forward to continuing our future development, where our customers will benefit from the expansion of the range and even better service,” said Bodylab’s CEOs Jeffrey Dunant and Gerd Michael Bovelet.
ROBUR Industry Service Group has taken over the Polish subsidiary of SSC Wind Group. In the future, the new ROBUR company will be continued as ROBUR Baltic, the management of the former SSC Baltic Wind will remain in its present structure. As part of the merger, Robur is expanding its market position in Eastern Europe into one of the largest independent service providers for wind turbines.
Due to the carve-out of the Polish company, the German SSC Wind Group will focus even more on its home market in the future. In addition, the SSC Wind Group and ROBUR have agreed on cooperating in further activities, but postponed a closer cooperation at the present time. CatCap advised the SSC Wind Group exclusively on the carve-out of SSC Baltic Wind.
SSC Wind is a medium-sized wind energy service provider with around 350 employees in the group. Customers include manufacturers of wind turbines, energy suppliers, offshore wind farm operators and construction companies. The range of services extends from technical development to construction, electrical planning up to installation incl. commissioning and service for wind turbines. The SSC Wind Group has been successfully deployed throughout Europe for over 17 years.
Founded in 2015 as a response to the changing challenges of high-quality industrial services, ROBUR is now among the top 10 industrial service providers in Germany, with 15 companies and around EUR 150 million in sales in 2018. Both the financing and the leadership of the group are characterized by partnership and entrepreneurialism. Companies benefit from the size and internationality of the group and can leverage sales, capacity utilization and management synergies.
More than 1,500 colleagues work in the wind, water, energy, industrial and process industries and as a competent partner for their customers the group creates holistic solutions from planning and implementation through installation, operation and maintenance to relocation and dismantling.
I januari 2019 förvärvade inkClub e-handelsbolaget 3D Prima (firmanamn: Prima Printer Nordic AB och nedan benämnt ”bolaget”), den största e-handelsleverantören av 3D-produkter i Norden. Bolaget säljer 3D-skrivare, 3D-skannrar och 3D-pennor samt en stor variation av olika tillbehör i eget och andra välkända varumärken.
Med förvärvet fortsätter inkClub att expandera och tar nu steget in i framtidens utskrifter. Förvärvet avser huvuddelen av bolaget och befäster sin ställning som ledande företag och e-handlare inom utskrifter i Norden.
Jarl Securities agerade exklusiv finansiell rådgivare åt säljarna.
Citat från 3D Prima:
Jacob Mårtensson, Grundare & VD, 3D Prima säger att: ”3D Prima är en snabbväxande e-handelsspelare och vi var en av de första med att sälja 3D-skrivarprodukter online. När vi letade efter nya ägare var det viktigt att de hade en förståelse för vår affärsmodell. InkClub har både erfarenheten och e-handelsexpertisen som vi tror kommer vara väldigt viktigt nu när 3D Prima växer till ett större bolag. Jarl Securities spelade en avgörande roll när de hjälpte oss att sälja bolaget till rätt aktör. De förstår marknaden inom e-handel och teamet på Jarl Securities levererade över förväntan.”
Martin Benckert, VD på InkClub kommenterar: ”Vi ser starkt på framtiden inom 3D-print. Det öppnar upp en helt ny marknad för oss utöver den etablerade bläck- och tonermarknaden. Segmentet visar på hög marknadspotential och vi tycker att det är extra spännande att satsa på denna nischaktör. Vi kommer nu att ligga i framkant inom den nya teknologin.”
Citat från Jarl Securities:
Magnus Haegermark, Vice President, Jarl Securities: ”Vi är mycket nöjda med att funnit en strategisk partner till 3D Prima. InkClub är den givna partnern och stärker nu sitt erbjudande som en av de starkaste e-handelsaktörer i Norden. 3D-printing är ingen hype utan ett verktyg för både företag och konsumenter i både kreativ och tillverkande miljö ”.
Den 30:e november presenterade SJR in Scandinavia (”SJR”, ticker: SJRB:SS) att de ingått avtal om att förvärva samtliga aktier i Women Executive Search Sweden AB (”WES”). WES är ett chefsrekryteringsföretag med fokus på att öka jämställdhet och mångfald i näringslivet. WES grundades 2011 av Anna Stenberg och bolaget ägs av Anna Stenberg (45%), Liv Gorosch (45%) samt Nusin Cilgin (10%) som samtliga kommer att arbeta kvar på WES efter förvärvet. Köpeskillingen utgörs av kontant betalning och apportemission av SJR B-aktier.
”Jag, tillsammans med Liv Gorosch, VD och delägare i WES, känner att vi passar mycket bra ihop med SJR, och vi har en gemensam syn på såväl entreprenörskapets kraft som det stora värdet av jämlikhet och mångfald som avgörande ingredienser för ökad lönsamhet och konkurrenskraft. Vi ser fram emot att tillsammans med SJR ta nästa steg i bolagets utveckling”
Anna Stenberg, Grundare av WES
Jarl Securities har agerat exklusiv finansiell rådgivare åt säljarna.
Jarl Securities tillhandahöll under våren 2018 strategisk rådgivning till ägarna av Bygg-Ole, en ledande byggmaterialhandlare i Stockholmsområdet med en omsättning kring SEK 700 miljoner och drygt 200 anställda. Beijer Byggmaterial (Sveriges största helägda bygghandelskedja med 68 byggvaruhus) presenterade i oktober 2018 sitt förvärv av Bygg-Ole.
The IK Small Cap II fund who is advised by the German financial investor IK Investment Partners acquires the SCHEMA Group. SCHEMA is a leading developer and provider of software solutions for demanding product- and process-related content.The software sector team of CatCap advised IK Investment Partners as M&A advisor throughout the auction process until the final deal execution of the transaction and worked in close cooperation with the team of IK.
Nils Pohlmann, Partner at IK Investment Partners and advisor to the IK Small Cap II Fund said: “SCHEMA is an innovative niche market leader addressing global trends which will become fundamentally important to every company. Its impressive blue-chip and loyal client base demonstrates SCHEMA’s success in providing efficiency and cost benefits to its customers. We are excited to support the Company’s growth and expansion strategy going forward and to work closely with the founders and its strong management team.”
The independent pan-European investment company Argos Wityu acquired a controlling stake in Wibit Sports GmbH (Wibit), the world market leader for floating water parks based in Bocholt, Germany. Wibit produces floating inflatable water parks from inflatable PVC modules, which are used as leisure attractions in open waters off the coast, in lakes, outdoor and indoor pools in around 90 countries. It is the unchallenged market leader in this self-established industry.
Robert Cirjak and Romann Rademacher, Co-CEOs and founders of Wibit Sports, said, ”The strategic partnership with Argos Wityu is a major step forward in the further development of our company. Wibit wants to become bolder, better and bigger than it is today. We combine sportsmanship with an entrepreneurial passion and are ready now to move up from the Bundesliga to the Champions League. Together with Argos Wityu, we want to seize the growth opportunities before us. Now we can realize many projects for which we need additional financial, personnel and organisational capacities. We are convinced that with Argos Wityu we have a strong strategic partner by our side – the team’s expertise and extensive international experience has convinced us. CatCap as our financial advisor has helped us excel during the transaction, from preparing and positioning to managing the competitive bidding field of international financial investors to be able to achieve the best possible results for Wibit.”
Capital D, a London-based private equity manager, acquires social media influencer-led marketing and product development company. Invincible Brands, founded in November 2015, achieved more than €30 million in revenues in 2017 with healthy profitability. CatCap advised the shareholders of Invincible Brands on this transaction.
Bjoern Keune, co-founder and CEO of Invincible Brands, said: “We are delighted to have secured this significant investment from capital D. The team has deep sector knowledge in ecommerce, SEO, retail and food distribution and we look forward to working with them to build our position in our existing markets and extend our reach globally.”
CatCap advises the VERTIKOM Group, one of the leading providers of sales outsourcing and marketing services in the GSA-region, on its acquisition by ASM Group SA, the market leader in sales outsourcing and marketing outsourcing services in Poland and Italy, listed on Warsaw Stock Exchange (”ASM Group”).
Since 5 June 2018, the VERTIKOM Group has a new main shareholder and has thus acquired a strategic partner to support it on its further growth course towards Europe. .
”The synergy effects resulting from the partnership with ASM secure our strong competitive position as a marketing agency with a sales focus. On the other hand, they
offer the optimal expansion conditions for the planned European course, especially towards Eastern Europe, which we will intensively pursue in the coming years,” says
Oliver Walter, CEO of VERTIKOM.
Korn and TGWT, which had already been bound for several years by an intellectual property sharing contract, decided to join forces to accelerate their conquest of the world. The boiler water treatment chemicals market is projected to grow from USD 2.68 Billion in 2017 to USD 4.35 Billion by 2022, at a CAGR (compound annual growth rate) of 10.1% from 2017 to 2022 according to a recent MarketsandMarkets™ report. This transaction, approved by TGWT’s Board of Directors in May 2017, was aimed at strengthening TGWT’s shareholder structure by adding a strategic industrial partner. Korn GmbH thus acquired the shares of a portion of the minority shareholders.
”There are many synergies following this agreement, particularly in terms of market development through the pooling of our partner and distributor networks in North America and Europe,” said Louis-Philippe Cloutier, Chairman and CEO of TGWT. ”Our research and development collaboration will also increase. Several operational aspects can be shared to strengthen and develop best practices for the benefit of our customers,” added Moritz Haltermann, Chairman and CEO of Korn GmbH.
c-LEcta, a world-leading biotechnology company focused on enzyme engineering and applications in regulated markets like food and pharma, has closed a financing round with Capricorn Venture Partners and the German investment company bm|t. The capital increase, advised by CatCap, provides the company with growth capital as well as valuable access to an international network.
Kevin Reeder, CEO of bm|t added, “bm|t, which has a substantial life sciences portfolio, is very optimistic about its investment in c-LEcta. The company´s strong team, track record of successful development, and a highly compelling product pipeline were extremely impressive. We feel c-LEcta is well-positioned to transition to a high-value biotechnology product company.”
Headquartered in Luxembourg City, Luxembourg, with additional offices in the United States and Germany, Talkwalker’s subscription-based, multi-tenant cloud platform allows clients worldwide to protect brand reputation, better understand their customers and optimize marketing campaigns.
Marlin Equity Partners is a global investment firm with over $6.7 billion of capital under management. CatCap identified Talkwalker for Marlin and advised them during the acquisition.
“The social media analytics market is continuing to experience significant tailwinds as a rising number of users adopt social media and an increased share of advertising spend shifts towards social media platforms,” said Shawn McMorran, a partner at Marlin. “Talkwalker’s solutions are at the forefront of connecting customers’ social initiatives with real-time business insights and we look forward to leveraging our operational and financial resources to support Talkwalker’s exceptional management team and its rapid growth trajectory.”
CatCap acted as lead advisor for the shareholder of DTAD Deutscher Auftragsdienst AG (DTAD) on the sale to DuMont Business Information.
DTAD is Germany’s leading B2B business intelligence and information service, publishing more than 600,000 procurement tenders annually. In addition the company also operates Germany’s largest database of public and private purchasers.
The acquisition will allow DuMont to create a new offering aimed at private and public decision-makers and will support the groups wider digitalization strategy. Together with existing offerings, DuMont intends to create the leading integrated provider for public and private tenders and real estate information.
Serviceware SE, the listed leading European provider of software solutions for the Enterprise Service Management (”ESM”) market, will take over all shares of SABIO GmbH effective July 30, 2018. The purchase price is paid by Serviceware entirely out of the existing liquidity. SABIO is a leading provider of knowledge management solutions with a Software-as-a-Service (SaaS) business model. As a result of the take-over, Serviceware will be the first provider in the world to be able to integrate a knowledge management module into its Enterprise Service Management (ESM) platform. CatCap advised the shareholders of SABIO during the acquisition through Serviceware SE.
Alexander Holtappels, Founder and Managing Director of SABIO: ’Serviceware is the ideal partner for us. We are excited about a joint future, because our solutions complement each other perfectly. SABIO will strongly supplement the Serviceware platform in particular in the field of customer self-service processes. As a result of the optimisation of self-service processes, our customers can already save today up to 30 percent of the costs arising there, whilst securing a higher quality. Serviceware will in future cover the value chain in Enterprise Service Management even more extensively. We very much appreciate being part of an owner-managed German software company in the future and playing a leading role together in a new area of the software market.’
With the acquisition of iQuest, listed Allgeier SE is expanding the international software development business in the Technology division. On August 13th Allgeier SE signed a purchase agreement to acquire a majority stake in the software development company iQuest. CatCap acted as exclusive Financial Advisor to the founders Cornelius Brody and Octav Chicinas together with the management and the involved shareholders, in the acquisition of iQuest by Allgeier SE.
Maxburg Beteiligungen III, who is advised by the German financial investor Maxburg Capital Partners GmbH, joins the German IT security company Securepoint GmbH. Founded in 1997, Securepoint is the leading integrated provider of IT security products for small and medium-sized companies with several locations in Germany. CatCap advised Securepoint during the process.
Lutz Hausmann, Managing Partner Securepoint: ”Thereby, Securepoint continues to be a strong partner for its customers, employees and suppliers and can rely on the support of a strong financial partner to approach future investments. We are very pleased that Maxburg and Securepoint have joined forces strategically with the goal of expanding their great success stories over the next few years!”
Den 28 mars 2018 förvärvade riskkapitalbolaget PEQ Invest det svenska tredjepartslogistik och bemanningsbolaget Veddestagruppen. PEQ Invest blir ny delägare i Veddestagruppen tillsammans med nuvarande ledningsgruppen bestående av Jonas Eriksson (Koncern-VD, ansvarig för TPL-verksamheten), Karim Boularbah (ansvarig för servicelogistiken), Johan Olsson (ansvarig för transportverksamheten) och Tony Barosen (ansvarig för bemanningsverksamheten) . Koncernen omsatte c. SEK 195 miljoner under föregående räkenskapsår.
”Bolaget är i en mycket intressant bransch och vi ser fram emot att tillsammans med personal och management utveckla bolaget till fortsatt framgång” säger Greger Ericsson, VD för PEQ.
Jarl Securities var exklusiv rådgivare till säljaren
Webhelp, a global provider of business process outsourcing services, announced the acquisition of Ocon Office Concept GmbH, a state-of-the-art BPO service center in the Stuttgart area with high technical specialization.
Market Logic, a leading provider of enterprise SaaS marketing information systems, today announced a €45 million investment from GENUI, Summit Partners and current investor Sycamore. The investment will help to accelerate Market Logic’s growth and vision to transform marketing by providing software that delivers the right information at the right time.
Dr. Max Odefey ”CatCap has identified MarketLogic for us and supported us during the transaction as a financial advisor. We are already working on possible further transactions and look forward to the future cooperation.”
TPG Real Estate, the real estate platform of leading global private investment firm TPG, announced today that it has completed the purchase of A&O Hotels and Hostels (”A&O”), the largest fully integrated, privately-owned, hostel platform in Europe. The transaction will help A&O expand and enhance its operations, strengthening its position as one of Europe’s leading budget hotel investment, development, and management groups.
Oliver Winter, CEO of A&O, commented: ”We founded A&O almost twenty years ago in Berlin, and it has grown into one of the leading German budget hotel operators. With TPG’s global presence and expertise in buying and building platforms, I believe it is the ideal partner to strengthen and expand our business across Europe.”
intive, a global digital product development company headquartered in Munich, is investing in iNTENCE automotive electronics, a German automotive software expert, to better serve the auto sector in Germany. The two companies have a complementary offering which results in a one stop shop for automotive OEMs and Tier 1 suppliers when it comes to all of their software needs. intive has acquired 65 percent of the stakes in iNTENCE, which will continue to operate as a separate unit under the current management.
“Digital companies such as Airbnb or Uber disrupt the traditional business models of various industries. Tesla and IT giants like Google or Apple drive this development in the automotive sector – inside and outside of the car,” explains Ludovic Gaudé, CEO of intive. “Helping our customers to address this digital transformation is intive’s key driver. Joining forces with iNTENCE will enable us to support our customers in the automotive sector along their whole journey into the digital world.”
TWL acquires 74.9 percent of the shares in WEBfactory GmbH, based in Buchen, Germany. The company offers software for the monitoring and control of machines and industrial plants as well as for online analysis and analysis of production data.
Advantages for both parties: WEBfactory will also benefit from the cooperation: ”In recent years, we have been able to win larger and larger projects for us. Now we have found a stable partner with TWL, which offers our large international clients the necessary security, ”says Bernhard Böhrer, company founder and CEO of WEBfactory:” In addition, we gain opportunities for growth by gaining access to new markets and the existing sales channels of TWL.”
OLAmobile, one of the mobile leading performance marketing platforms, is joining forces with IconPeak and its subsidiary BidderPlace to enlarge their footprint within the mobile performance marketing space. The only existing investor in both companies, MAKERS, the Berlin-based company builder which initially incubated IconPeak and BidderPlace together with Felipe Ogibowski and Gunnar Kämpgen in 2013 and 2015, sells its shares with a multiple of 50.
Gunnar Kämpgen, Founder and CEO of IconPeak and BidderPlace: “OLAmobile’s great reputation, their existing infrastructure with many offices across the globe and their industry knowledge will allow us to fuel our growth in existing and new markets. With our complementary business models we look forward to leveraging synergies, increasing our revenues and building a very powerful platform in the mobile performance marketing industry.”
As a reliable retailer with web-shop, abc dental ag covers the entire range of services and products for Swiss dentists. The company was founded in 1998 and has established itself as a reliable supplier with more than 4,500 dentists in Switzerland.
CatCap advised the sales process in the course of which international strategists and financial investors were approached. CBC (Europe) GmbH, a subsidiary of CBC Co. Ltd., was advised by the Globalscope member Kaede Financial Advisory.
Dr. Frank Höfer, COO of CBC (Europe) GmbH stated ”With this acquisition, we are able to introduce some of our compelling and sustainable technologies faster into a dynamic and evolving market in Europe on our own. Our vision with abc dental is to create a full-service provider for the dental practice: equipment, consumables, IT systems and video-based documentation from one supplier!”
Brockhaus Private Equity, an independent growth and buy-out investor focusing on innovation and technology leaders, has acquired a majority stake in Auvesy GmbH & Co. KG via a succession arrangement. Based in Landau, in the Palatinate region of Germany, the software provider offers world-beating data management solutions for highly automated manufacturing firms. Auvesy software solutions are being successfully employed by large international corporations, including Volkswagen, Daimler, Siemens, Coca-Cola and Merck.
“The new shareholder structure and our succession arrangement put Auvesy firmly on track to continue sustainably its ten-year success story in the future”, comments Auvesy CEO Dr. Tim Weckerle. “The added expertise and resources supplied by our new majority shareholder will give our company a crucial boost during a vital phase of its development, not only by helping us enlarge our product range, but also by accelerating our global expansion”, adds Weckerle.
Elvaston Capital acquires a majority stake in eFulfilment. CatCap advises the Ludwigsburg-based technology company eFulfilment on the transaction.
eFulfilment Transactions Services GmbH, a leading provider of multi-channel e-commerce trading, has won a strategic partner and majority shareholder with Elvaston for the future development of the company. The aim of the partnership is to support and expand the strong growth of eFulfilment. The management, consisting of the founder CEO Thomas Franke and the CFO Thomas Besthorn, will continue to be involved in the company. In addition, Mario Raatz, former CSO of abas Software AG, was won as a new CSO and co-owner.
CatCap, together with Globalscope member Tenzing Partners assists Luxembourg & New York based Talkwalker, a leading player in the social media analytics market, in securing a funding from Dutch venture capital company, Main Capital Partners.
Talkwalker CEO, Robert Glaesener, said, ”Our customer base is increasing daily. This substantial investment from Main Capital will allow us to continue building our company with the expansion of our sales and marketing teams, and further develop our product so we can optimize the social performance of our clients through sophisticated and powerful analytics and insights.”
Heidelberger Payment GmbH, together with the growth investor AnaCap Financial Partners, took over StarTec Payment & Service GmbH from Hamburg. The leading provider of cash-free payment transactions at the point-of-sale thus extends Heidelberg’s portfolio with additional services and expertise for the merging of online and offline payment.
”StarTec and Heidelpay fit perfectly together. Our customers and our employees benefit from many new possibilities by combining both companies under the umbrella of the Heidelpay Group, ”says Philipp Zwirner, founder and CEO of StarTec.
Investeringsbolaget Blibros Capital Partners (”Blibros”) genomförde en kapitalanskaffning i form av senior kreditfacilitet. Bolaget investerar i tre tillgångsslag: riskkapitalinvesteringar, onoterade innehav samt fastighetsinvesteringar. De onoterade innehaven omfattar bolagen LynxEye, Storyfire och Lincube. Magnus Böcker, tidigare VD för Nasdaq OMX och Singaporebörsen, är en av Blibros grundare. Jonas Lindström, med bakgrund från ORC Group och Sungard Front Arena, är VD för bolaget.
Jarl Securities agerade rådgivare till Blibros.
Den 31 mars 2017 förvärvade riskkapitalbolaget Verdane Capital det svenska techbolaget Propellerhead Software AB.
Svenska Propellerhead var först i världen att utveckla en digital musikstudio och idag används företagets musikprogramvaror av miljontals människor över hela världen. Företaget tar nu in riskkapitalfonden Verdane Capital IX (Verdane) som ny delägare. Den digitala musikstudion Reason, används redan av miljontals människor över hela världen och kan höras på produktioner med megaartister som Katy Perry, Taylor Swift och Nicki Minaj. Propellerhead har kontor i Stockholm, Sverige, med drygt 30 anställda.
”Jarl Securities agerade finansiell rådgivare i processen och har varit ett otroligt tacksamt stöd till oss som entreprenörer. De tog till vara våra intressen på bästa sätt och de hittade en köpare som kommer bli en fantastisk partner för vår framtida utveckling”
Ernst Nathorst-Böös, VD och grundare av Propellerhead
Jarl Securities var exklusiv rådgivare till säljaren
I december 2017 signerades avtal om förvärv av 100% av aktierna i ett nordiskt bolag som säljer produkter online till primärt företagskunder. Tillträde kommer ske under kv1 2018.
Jarl Securities agerade exklusiv finansiell rådgivare till säljaren.
In its third financing round, the medical device company CorTec received growth capital from Mangold Invest. The recently completed investment supports CorTec to provide patients with personalized therapies for neurological diseases. With Mangold Invest, the young medical device company located in Freiburg gained a new investor that accompanies this way.
The managing partners of CorTec, Dr. Jörn Rickert and Dr. Martin Schüttler, welcome the composition of the financing round. “It is a rarity to find an investor like Prof. Dr. Klaus Mangold, who has a big experience and international network as well as a strong relation to Freiburg”, comments Dr. Jörn Rickert. “The willingness of our existing investors to participate in the round furthermore underlines the potential of our technology in a fast growing market as well as the quality of our work accomplished so far”, complements Dr. Martin Schüttler.