Raymond James European Advisory Team Advises DATAGROUP

By on Juli 18, 2016

rj_datagroupThis marks the first European advisory transaction since the Raymond James acquisition of Mummert & Company in June 2016.

Transaction Details

In a complex carve-out transaction DATAGROUP secured c. 330 SAP and Application Management experts of Hewlett Packard Enterprise (HPE). Following the transaction, DATAGROUP will provide services with a guaranteed volume of over €100m over the next five years. The closing is subject to 70% of the IT specialists agreeing to the transfer of operations from HPE to DATAGROUP.


DATAGROUP is a leading German IT service company. Over 1,400 employees at 16 locations across Germany design, implement, and operate IT infrastructure and business applications such as SAP. With its product CORBOX, DATAGROUP is a full-service provider, serving over 360,000 global IT workstations for medium and large enterprises as well as for public-sector clients.

About Hewlett Packard Enterprise

HPE is an industry-leading technology company with a comprehensive portfolio spanning the cloud to the data center to workplace applications.

About Raymond James European Advisory

Our European Advisory team has successfully advised companies and entrepreneurs on cross-border transactions for more than 25 years. Advising during all phases of a transaction, we help from setting strategic and financial goals through to transaction closings. We exclusively represent the interests of our clients with focused efforts in M&A, financing, restructuring and secondaries – optimizing transaction terms and customizing financial instruments to reflect our clients’ strategic and financial needs.

About Raymond James IT Services & Solutions Investment Banking

The IT Services & Solutions team has served leading providers in the industry by delivering expert advisory, execution and capital raising capabilities coupled with unique industry insight and expertise. Our investment banking personnel, located in the U.S. and Europe, focus on companies that use technical expertise to support organizations, as a service, to design, develop, implement, optimize and/or manage technology-enabled solutions. The team is supported by equity research analysts who publish on 23 publicly traded IT Services & Solutions companies.

About Raymond James Investment Banking

Raymond James offers one of the most highly regarded equity offering and advisory practices today. Since 2009, we have participated in raising $600 billion in capital for our corporate clients and completed more than 500 advisory assignments domestically and abroad. 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.


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