December 18, 2015
GCA Altium advised Paarl Equity on the owners buy-out of d.velop
GCA Altium acted as exclusive financial adviser to Paarl Equity on the sale of d.velop, a leading independent provider of Enterprise Content Management (“ECM”) software solutions in Germany and Europe. The transaction once more highlights GCA Altium’s outstanding M&A expertise in the software sector and has been the 28th successfully completed transaction in German-speaking Europe in the last 12 month.
Founded in 1992 and headquartered in Gescher (Germany), d.velop is one of the leading independent providers of ECM software solutions in Germany and Europe. d.velop delivers consistent and comprehensive solutions covering the entire ECM value chain including digital archiving, document management and workflow management. d.velop has more than 5,700 customers and more than one million global users. Across its 11 subsidiaries and associated companies, d.velop employs more than 450 people and generates revenues in excess of € 58m.
Mr. Christoph Pliete, co-founder and CEO of d.velop, has acquired 100% in the business backed by a bank consortium.
Dietrich Kube, Managing Partner at Paarl Equity comments: “We are very pleased that we have achieved a favorable outcome for all parties and we highly appreciated the work with GCA Altium. GCA Altium demonstrated a deep software sector knowledge and the ability to tightly manage M&A processes. We are confident that today, d.velop is very well positioned to address multiple growth opportunities led by Christoph Pliete and his experienced management team.”
GCA Altium acted as exclusive financial adviser to Paarl Equity in this transaction. The financial terms of the transaction will not be disclosed.