GCA Altium is now part of Houlihan Lokey

Transaction Details

May 1, 2016
London Sloane St



Deal Type


Deal Value


STP investment by HgCapital

STP: German market leader in legal software for insolvency administrators and general law firms

Founded in 1993, STP employs c. 160 people serving a diversified customer base of customers from both insolvency and commercial law sectors in Germany and central Europe.

The company develops, implements and maintains a proprietary software solutions for insolvency proceedings as well as legal practice business and document management software, sold to large law firms with complex application needs served by high budgets.

Since its inception, STP has demonstrated a strong track record of growing revenues every year from its mainly subscription business model and shows very low churn, supported by sustained product development, customer service and innovation efforts.

HgCapital to support STP’s future developments

HgCapital invested in STP in May 2016, together with the company’s current CEO and co-founder Gunther Thies who retains a significant interest in the business and will continue as CEO.

HgCapital is a leading European private equity investment firm focusing on technology and software buyouts targeting niche champions. It has offices in London and Munich and manages more than GBP 5bn of assets.

Going forward, HgCapital will leverage its deep understand of STP’s products and markets to support internationalization and inorganic growth strategy of the latter.

GCA Altium acted as exclusive advisor to STP and its shareholders.

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