Caldec verkauft Technogroup an Vitruvian Partners – M&A-Berater: Raymond James

By on Dezember 7, 2017

THE DEAL

  • With more than 4,000 customers, Technogroup is the largest provider of third party maintenance (TPM) data center services in Germany, Switzerland, and Austria
  • Together with the current management team, Vitruvian Partners acquired a majority stake in the company
  • Raymond James acted as exclusive financial advisor to the shareholders of Technogroup

DEAL RATIONALE

  • Continue the attractive growth story in the DACH region and beyond
  • Vitruvian Partners to leverage its extensive know-how and expertise to support the management team in delivering further organic and inorganic growth, strengthening Technogroup’s position as a TPM market leader

THE DATA CENTER TPM MARKET

  • Market leaders benefit from key trends: Increasing diversity of servers and storage systems in data centers; customers propensity to seek low-cost alternatives to existing maintenance solutions; and a growing need for a network maintenance
  • Continued strong interest from strategic investors and private equity due to attractive industry characteristics (Strong top-line growth / Exceptional customer retention rates / High cash conversion / Robust sector given counter-cyclical characteristics / Attractive customer proposition given low-cost, high-service proposition)

RAYMOND JAMES TECHNOLOGY & SERVICES PRACTICE

  • Raymond James is a leading global Technology & Services M&A advisor
  • In the last twelve months, we have closed more than 70 Technology & Services transactions
  • More than 70 Technology & Services bankers across offices in North America and Europe
  • Deep sector expertise in Hosted Infrastructure, covering Network, Data Center (Services), Web and Managed Hosting as well as Cloud Services

About Technogroup

Technogroup is the TPM market leader in the DACH (Germany, Austria, and Switzerland) region. At its heart, the Company provides a single point of contact technology solution to customers across all major IT systems and data center IT equipment. Core services help avoid and remedy hardware failure, prolonging useful lives in a low cost way to businesses across a range of industries. Additional services include administration services, installation, system moves, changes and updates and recycling, amongst others. Deep know-how and industry experience means Technogroup can provide high service levels and low cost solutions to customers with a personal and professional approach. For further information please visit www.technogroup.com

About Caldec

Caldec is a privately owned investment holding. Since inception in 2009, Caldec has specialized in asset-light industries such as business and healthcare services in the German SME market. It has since invested in a number of founder-managed companies where driving growth and solving succession issues were central to the investment thesis.

About Vitruvian

Vitruvian is an independent pan-European private equity firm which specializes in ‘dynamic situations’ – investments in companies undergoing rapid growth and change. Vitruvian helps portfolio companies scale their operations by providing an operational support system and assistance with strategic initiatives including acquisitions. Notable investments to date include global market leaders in their field such as Just Eat, FarFetch, Skyscanner, Snow Software, CRF Health, Trustpilot, Voxbone, Callcredit, Ebury, Linimed Fazmed and others. In June 2017, Vitruvian announced that it had completed the fundraising of its third fund in a single close. The €2.4bn Vitruvian Investment Partnership III (“VIP III”) is among the largest pools of capital in Europe supporting innovative and high growth companies. Vitruvian has backed 30 companies to date and has assets under management of approximately €5 billion. Vitruvian has offices in London, Munich, Stockholm, Luxembourg and San Francisco.

About Raymond James Investment Banking

Raymond James Investment Banking offers highly regarded capital formation and financial advisory services. Since 2011, Raymond James has participated in raising over $450 billion in capital for its corporate clients and completed more than 400 advisory assignments, including more than 350 M&A buy-side or sell-side advisory assignments. Raymond James was also recently named „Investment Banking Firm of the Year“ by The M&A Advisor and „USA Middle Market M&A Investment Bank of the Year“ by Global M&A Network. Put the expertise, quality and experience of Raymond James to work for you. For further information please visit www.raymondjames.com/corporations-and-institutions/investment-banking


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