Transaction Details

May 25, 2021
Frankfurt

Sector

Technology

Deal Type

M&A

Deal Team

Sascha Pfeiffer, Pascal Haas, Marius Becker, Tom Fuchs

GCA Altium advises HANNOVER Finanz on the sale of CP Corporate Planning to proALPHA

GCA Altium acted as exclusive financial advisor to HANNOVER Finanz and the management of CP Corporate Planning (“CP”) on the sale of the CPM software powerhouse to proALPHA, a leading provider of ERP software for SMEs and portfolio company of Intermediate Capital Group.

With a corporate history of more than 30 years, CP is one of the pioneers in Corporate Performance Management (CPM) focusing on the DACH region, and a leading provider of software solutions for operational planning, integrated financial planning, as well as consolidation and reporting. The company serves more than 1,600 active customers across various industries and sizes, including well-known names such as Hellmann Worldwide Logistics, Privatmolkerei Bauer, Julius Meinl, Deutsche Flugsicherung and MLP, with its innovative solutions for flexible planning, modern analysis and individual reporting. In recent years, CP has been able to benefit from the advancing digitisation and increasing professionalisation of planning and reporting processes, and has therefore been able to accelerate growth internationally, as well as expanding its holistic cloud offering.

Christian Lömker, Investment Manager at HANNOVER Finanz, said: “Over the past few years we have been able to successfully support CP in becoming one of the leading CPM software vendors in German-speaking Europe. Since our investment it has been our desire to establish a framework for CP’s next growth phase and to foster sustainable growth, especially within the business’s cloud offering. In doing so we were able to leverage our expertise as an experienced growth investor and actively assist the management team in the execution of their growth strategy.”

Sascha Pfeiffer, Co-Head of Europe at GCA Altium, commented: “CP is a CPM powerhouse in the DACH region, and the combination with proALPHA will allow the group to broadly address the Office of the CFO with innovative digital solutions. We are convinced of their joint potential and are excited to closely follow their growth path going forward.”

Financial terms of the transaction were not disclosed.

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