Transaction Details

July 28, 2015
Frankfurt

Sector

Technology, Business Services

Deal Type

M&A

Deal Value

N/D

Deal Team

Sascha Pfeiffer, Raiko Stelten, Fabian Gehlhaar, Hendrik Wildhagen

GCA Altium acted as exclusive financial adviser to GFT Group on the sale of its emagine business division to Financière Valérien

GCA Altium acted as exclusive financial adviser to GFT Group, the listed German specialist for IT solutions for the finance sector (XETRA:GFT, market cap c. € 550m), on the sale of its emagine business division to Financière Valérien, a company funded by the current management of emagine and the French financial investor MBO Partenaires. The transaction once more highlights GCA Altium’s outstanding M&A expertise in the wider IT sector and has already been our 16th successfully completed transaction in German-speaking Europe in 2015.

The emagine division specializes in the staffing of technology projects with highly skilled experts in the field of IT, engineering and business consulting. In 2014, its 129 employees generated revenues of € 86.1 million. Following the transaction, emagine will continue to be headed by the current management teams of its national subsidiaries under the leadership of Jean-François Bodin, COO of emagine, who has been responsible for the operations of this division as a member of the Executive Board of GFT Technologies AG since 2011. The emagine division will continue as an independent group of companies in Germany, France and the UK.

Headquartered in Germany, the GFT Group focuses on consulting and development, implementation and maintenance of customized IT solutions. The company is one of the world’s leading IT solutions providers in the banking sector. The GFT Group is listed on the Frankfurt Stock Exchange in the TecDAX. With the sale of its emagine division, the GFT Group is now focusing strictly on its business of IT solutions for the finance sector and will continue to expand its range of services and international presence for the digitization of banking processes and regulatory compliance.

GCA Altium acted as exclusive financial adviser to the GFT Group on this transaction. The transaction is subject in particular to approval by the relevant antitrust authority in Germany. The transfer of ownership is planned for the third quarter of 2015. Terms of the transaction were not disclosed.

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