GCA Altium is now part of Houlihan Lokey

Transaction Details

August 17, 2021



Deal Type

Acquisition financing, Debt advisory

Deal Team

Thorsten Weber, Verena Jacobs

GCA Altium has advised HQ Equita on an acquisition financing for indevis

GCA Altium acted as advisor to HQ Equita, the mid-cap buyout firm of HQ Capital, who have acquired a majority stake in indevis, a leading managed security service provider in Germany.

indevis, headquartered in Munich, Germany, is a leading managed security service provider for customers from the upper mid-market, serving healthcare companies, law firms and management consultancies, financial service providers and public administrations in German-speaking Europe. Since its founding in 1999, the company has focused exclusively on IT security and has been expanding its managed security service business with double-digit growth rates for several years. indevis positions itself as an integrated end-to-end security offering to holistically secure the diverse attack vectors on customers’ IT infrastructures.

GCA Altium advised HQ Equita on an acquisition financing for this deal, as well as on all commercial aspects of the transaction financing too. The structured and tailored financing package provides indevis with a balanced offering between attractive financing terms, as well as high flexibility to support its expansion of the service portfolio and the national and international growth as well.

The two founders of indevis, Wolfgang Kurz and Andreas Mayer, will remain significantly invested and active in their current roles as Managing Directors.

Christine Weiß, Partner at HQ Equita, said: “IT security will remain one of the global megatrends in the future, gaining further momentum in Europe due to the demand for continental European solutions. In a digitalised world, IT security is a key component that every company needs and can rarely fully provide itself.”

Kurt Weise, Senior Investment Manager at HQ Equita, added: “We believe indevis is ideally positioned to benefit disproportionately from managed security service growth and look forward to expanding the business through suitable acquisitions in the coming years.”

Thorsten Weber, Managing Director at GCA Altium, commented: “We are convinced that HQ Equita is the ideal partner for indevis, and together with the management team they will further accelerate their strong growth. The financing structure is a perfect fit and will support indevis’ buy-and-build strategy too.”

The transaction was signed in August 2021.

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