GCA Altium is now part of Houlihan Lokey

Transaction Details

December 1, 2021
Frankfurt

Sector

Technology

Deal Type

M&A

Deal Team

Sascha Pfeiffer, Malte Abrams, Marius Becker, Tom Fuchs

GCA Altium advises EMERAM Capital Partners on the sale of a minority stake in ]init[ to Gilde Buy Out Partners

 

GCA Altium acted as advisor to EMERAM Capital Partners on the sale of their minority stake in ]init[ AG für digitale Kommunikation, a digital transformation consultancy, to Gilde Buy Out Partners.

Founded in 1995, and headquartered in Berlin, Germany, ]init[ is considered one of the leading digital transformation consultancies. The company currently spans six locations with a total of 800 employees. Its numerous clients include both the public sector and well-known industrial companies and it pursues a full-service approach along the digital value chain: from IT consulting, development and implementation of digitalisation strategies, design and operation of websites and portals, IT strategy/IT security consulting, to the operation of customer platforms in dedicated data centres.

Funds advised by Gilde Buy Out Partners have agreed to purchase a minority stake in ]init[, strengthening the company’s shareholder base. Funds advised by EMERAM Capital Partners will remain invested in ]init[. Dirk Stocksmeier, Founder and Chairman of the supervisory board, as well as the management will also remain further shareholders of the company. The goal of this newly-formed group of shareholders is to expedite ]init[‘s growth trend, seizing strategic opportunities, expanding the company’s international focus, and undertaking acquisitions.

Dirk Stocksmeier, Founder and Chairman of the Supervisory Board of ]init[, said: “With the newly-formed shareholder group, we are leading ]init[ into a new phase of corporate development. We are increasing expertise, technology portfolio, network and financial scope. ]init[ is looking forward to implementing our ambitious growth strategy, which will lead us back into international markets in the future and benefiting our clients and employees alike.”

Dr. Christian Näther, Managing Partner of EMERAM Capital Partners, added: “In our role as business development partner we have supported ]init[ in their successful growth path. This enabled ]init[ to further boost its positioning as a full-service digitisation provider for the public sector, while at the same time acquiring well-known customers in the industry. The further growth in ]init[‘s strength since EMERAM’s share acquisition in 2019 is reflected, among other things, in the significant increase in average project volumes and sales per employee. We now intend to continue this success story together with Gilde Buy Out Partners as a renowned, pan-European shareholder.”

The parties have agreed not to disclose the purchase price of the transaction. The transaction is subject to standard conditions, including approval by the competition authorities. The transaction is expected to close in January 2022.

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