GCA Altium is now part of Houlihan Lokey

Transaction Details

April 20, 2021



Deal Type

Acquisition financing, Debt advisory

Deal Team

Dr Johannes Schmittat, Norbert Schmitz, Adrian Nowitzki, Thai Nguyen Duy, Christoph Pesl

GCA Altium advises Waterland Private Equity on an acquisition financing for GOD

GCA Altium has advised Waterland Private Equity on an acquisition financing for GOD (Gesellschaft für Organisation und Datenverarbeitung mbH), a leading provider of customised enterprise IT and software solutions.

The acquisition financing supports the creation of a buy-and-build platform in the German IT space, with Waterland developing the company in partnership with the shareholders of GOD – Igor Krahne, Ralf Holland and Dr Thomas Wolenski. All three will all remain on the management team and will continue to lead the company operationally and retain significant stakes.

GOD, based in Braunschweig, Germany, with branches in Hamburg, Ingolstadt, Wolfsburg and Wroclaw, Poland, has been developing and operating customised enterprise IT and software solutions since 1985. Today, the company has more than 400 employees and supports large and medium-sized enterprises in the development and operation of their software, from requirement management to architecture and project management. GOD is able to offer a full range of services including modern cloud and edge computing, as well as SAP consulting.

Going forward the company wants to further expand its advanced product portfolio both organically and through the acquisition of selective add-on targets. In addition, the company aims to access new regional markets through additional locations.

GCA Altium structured a tailored financing package intended to support the business’s further growth through a buy-and-build approach. Dr Gregor Hengst, Principal at Waterland Private Equity, explained: “We are impressed by how GOD’s team is consistently growing in the area of complex software solutions. The company is benefiting from demand trends driven by digitalisation, cloud computing as well as agile and IoT development. We look forward to further accelerating this growth, among other measures also through acquisitions.”

Igor Krahne, Managing Partner of GOD, added: “Waterland’s experience in the tech sector has convinced us that we have the right partner on board and further supports our plan to lead the digital transformation together with our clients.”

Dr Johannes Schmittat, Managing Director at GCA Altium, stated: “We know Waterland’s vast experience in the IT and telecommunications sector which, in combination with its stellar and proven track record as a buy-and-build investor, makes this another successful transaction that we were able to complement with an effective financing structure.”

The transaction closed on the 20th April 2021. The parties agreed that no details of the transaction would be disclosed.

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