Transaction Details

November 5, 2021
Frankfurt

Sector

Technology

Deal Type

Acquisition financing, Debt advisory

Deal Team

Thorsten Weber, Verena Jacobs, Lucas Schäfer, Christoph Pesl

GCA Altium advises LEA Partners on an acquisition financing for b+m group

GCA Altium acted as debt advisor to LEA Partners on the acquisitions of majority stakes in b+m group, the leading provider of software solutions supporting the core processes of banking and insurance companies, and Base-Net Informatik AG, the Swiss market leader for credit and mortgage management software.

b+m, headquartered in Melsdorf near Kiel, Germany, is the undisputed German market leader for the automated processing of promotional loans. The group supports business process digitalisation in the financial services industry, covering the implementation and integration of complex back-end processes as well as innovative front-end solutions. The group complements its offering with innovative products for insurers within pension and inventory management, as well as further solutions supporting the digitalisation of sales activities in banks.

Base-Net, headquartered in Solothurn, Switzerland, is the leading Swiss provider for credit and mortgage management. Today over 400 banks, insurance companies, pension funds and financial intermediaries are using the company’s software products. Base-Net also operates a state-of-the-art platform for credit and mortgage refinancing.

GCA Altium advised LEA Partners on a tailor-made debt financing structure, as well as on all commercial aspects of the transaction financing, creating a leading financial services software platform in the DACH region. This structured and tailored financing package provides the group with a balanced offering of attractive financing terms, as well as high flexibility to support its organic and inorganic growth strategy.

Philipp Hertel, Partner at LEA Partners, commented: “The continuously growing market for credit management software is highly attractive for us. We are thrilled to have won b+m and Base-Net – two leading and well-established companies in this field. This means we are taking the next step in building a leading financial services platform in the DACH region.”

Thorsten Weber, Managing Director at GCA Altium, added: “We are convinced that LEA Partners is the ideal partner for b+m and Base-Net, and will support the newly formed group in gaining further momentum as it enters its next growth phase. This financing structure is a perfect fit and will support the group’s further expansion plans.”

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