Investment Summary

CornerstoneCapital Invests In Synaxon AG

On January 1, 2003, private equity firm CornerstoneCapital invested in information technology company Synaxon AG

Investment Highlights
  • This is CornerstoneCapital’s 1st transaction in the Information Technology sector.
  • This is CornerstoneCapital’s 2nd transaction in Germany.

Investment Summary

Date 2003-01-01
Target Synaxon AG
Sector Information Technology
Investor(s) CornerstoneCapital
Deal Type PIPE

Target

Synaxon AG

Schloß Holte-Stukenbrock, Germany
Synaxon AG is a provider of IT systems in Europe and brings together more than 2,500 independent partners, who are mainly active in Germany.

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Investor(S) 1

Investor

CornerstoneCapital

Heidelberg, Germany

Category Private Equity Firm
Founded 2001
PE ASSETS 150M EUR
Size Small
Type Sector Agnostic
DESCRIPTION

CornerstoneCapital is a private equity firm specializing in management buyouts/buy-ins, growth capital financings, and PIPE transactions. The Firm targets small and mid-sized companies throughout Germany, Switzerland, and Austria. For growth capital investments, the Firm prefers to invest €3 to €15 million in companies with revenues of at least €5 million. For management buyouts, Cornerstone prefers to invest in companies with revenues of €10 million or greater valued up to €50 million. For PIPE transactions, the Cornerstone invests €5 to €10 million in listed companies with revenues of at least €20 million. Areas of interest include engineering, chemicals, software, healthcare, and business services. CornerstoneCapital was formed in 2001 and is based Frankfurt, Germany.


DEAL STATS #
Overall 2 of 9
Sector: Information Technology M&A 1 of 1
Type: PIPE M&A Deals 1 of 1
Country: Germany M&A 2 of 7
Year: 2003 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-01 Forbatec

Germany

Forbatec is a software provider for investment companies and equity funds. The FORBA.V3 software suite offers solutions for the back, middle and front offices of fund companies in German-speaking countries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-09-17 Forbatec

Germany

Forbatec is a software provider for investment companies and equity funds. The FORBA.V3 software suite offers solutions for the back, middle and front offices of fund companies in German-speaking countries.

Sell -