Transaction Details

July 1, 2020
Zurich, Munich

Sector

Technology

Deal Type

M&A

Deal Team

Alexander M. Grünwald, Madeleine Jahr, Joe Schöler

GCA Altium advises Hg on its investment in F24

GCA Altium has advised Hg, Europe’s leading software investor, on an investment in F24, a pan-European sector leader for emergency notification, crisis & incident management and critical communications. Hg will invest in a stake currently owned by Armira and co-founder Ralf Meister and will become the majority shareholder in the business.

F24 is the leading software-as-a-service (SaaS) provider for emergency notification and crisis management (FACT24) and for sensitive and critical communications (eCall) in Europe. With FACT24, the company is able to offer a highly innovative solution and help customers around the world to successfully and efficiently manage incidents, emergencies and critical situations. In addition, the eCall platform offers solutions for high-volume communications of critical to confidential content in the business environment. Founded in 2000, F24 has its headquarters in Munich, Germany. Along with its subsidiaries, it supports more than 2,500 companies and organisations in over 100 countries around the globe as part of the daily communication of critical and confidential information or in the event of a crisis. This makes the F24 Group one of the world’s leading SaaS providers for alerting and crisis management as well as critical communications for business customers.

F24 partnered with Armira in 2017 and has since more than doubled its sales by executing a successful growth strategy including three acquisitions and integrations. This transaction marks the end of the first phase of F24’s buy-and-build strategy and a trusted cooperation between the two organisations. With F24, Hg continues its focus on businesses providing critical SaaS solutions across Europe, while Hg’s investment marks the starting point of the second phase of F24’s buy-and-build strategy to accelerate further growth.

Nick Jordan, Partner at Hg, said: “The effectiveness and speed with which businesses respond to crises can make or break their future success. Quality solutions that can add peace of mind, with a proven track-record, are highly valued by their customers. We recognise F24 as a true champion in this sector, with a global presence and serving clients across multiple industry verticals. We look forward to continuing their success and accelerating international growth.”

Dr. Jörg Rahmer, Member of the Executive Board at F24, stated: “This new partnership represents a crucial milestone for F24 in accelerating our growth and is evidence for the achievements of our business and team. We’re very excited to welcome Hg, given the depth of experience they have in our sector and their knowledge base, which we’ll be able to use for the benefit of the business and our customers.”

Christian Götz, co-founder and Executive Board member at F24, responsible for Sales, Marketing & PR, HR and Customer Service, added: “F24 can look back on a history of more than 20 years. Technological progress has shaped us just as much as the constant desire to offer the best solutions for our customers. Together with Hg, we will further accelerate our growth trajectory and be even closer to our customers worldwide, enabling us to cover their constantly growing requirements.”

Benedikt Joeris, Director at Hg concluded: “F24 has best-in-class and well-invested SaaS solutions, managed by an impressive management team who have been growing the business since inception. We share their passion for technology and innovation, and we look forward to seeing what we can achieve together.”

The terms of the transaction are not disclosed.

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