M&A Deal Summary

Elvaston Capital Management and Warburg Pincus Acquire Infoniqa

On July 26, 2018, private equity firms Elvaston Capital Management and Warburg Pincus acquired software company Infoniqa from CornerstoneCapital

Acquisition Highlights
  • This is Elvaston Capital Management’s 8th and Warburg Pincus’ 23rd transaction in the Software sector.
  • This is Elvaston Capital Management’s 1st and Warburg Pincus’ 1st transaction in Austria.

M&A Deal Summary
Date 2018-07-26
Target Infoniqa
Sector Software
Buyer(s) Elvaston Capital Management
Warburg Pincus
Sellers(s) CornerstoneCapital
Deal Type Secondary Buyout

Target

Infoniqa

Wels, Austria
Infoniqa is a Human Resource Software and one of the fastest growing providers in the German-speaking region. Infoniqa serves the entire spectrum of human resource needs offering software solutions for payroll, human capital management, and time & attendance. Infoniqa was formed in 1988 and is based in Wels, Austria.

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Buyer(S) 2

Buyer

Elvaston Capital Management

Investor Investor Investor Investor

Category Private Equity Firm
Size Middle-Market
Type Sector Focused
DESCRIPTION

Elvaston Capital Management is an entrepreneur-led private equity firm, specializing in small to medium-sized companies located within the German-speaking region. Elvaston takes a straightforward, individual approach to guiding profitable companies operating in growth industries towards long-term value growth.

DEAL STATS #
Overall 8 of 29
Sector (Software) 8 of 19
Type (Secondary Buyout) 1 of 1
Country (Austria) 1 of 2
Year (2018) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-18 ROQQIO Commerce Solutions

Hamburg, Germany

ROQQIO Commerce Solutions develops and distributes a fully integrated omnichannel software solution for the retail sector. The Software Suite offers warehouse management and point of sale solutions and covers all E-Commerce processes, from order management via logistic processing to shipping. It provides interfaces to all popular online portals as well as their webshops and so facilitates a borderless customer journey. ROQQIO Commerce Solutions was founded in 2018 and is based in Hamburg, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-25 Remira

Dortmund, Germany

Remira focuses on the development, distribution, and implementation of automated software solutions for inventory optimization, demand management, and sales planning. Remira offers a predictive forecast tool for production and capacity planning. 40 Remira specialists maintain 600 installations for 150 customers and enable the optimization of up to 50 million items in their customer’s warehouses. Remira’s proprietary software LogoMate® is highly intuitive and easy to integrate into existing ERP Systems. Remira was founded in 1994 and is based in Dortmund, Germany.

Buy -
Buyer

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.

DEAL STATS #
Overall 379 of 482
Sector (Software) 23 of 33
Type (Secondary Buyout) 46 of 63
Country (Austria) 1 of 1
Year (2018) 28 of 40
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-26 Cango

Shanghai, China

Cango is an automotive transaction service platform in China connecting dealers, financial institutions, car buyers, and other industry participants. The Company’s services primarily consist of automotive financing facilitation, automotive transaction facilitation, and after-market service facilitation. By utilizing its competitive advantages in technology, data, and cloud infrastructure, Cango is able to connect participants across its platform while bringing them a premium user experience. Cango was founded in 2010 and is based in Shanghai, China.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-29 Max

Bnei Brak, Israel

Max is a financial institution focused on providing a portfolio of financial services; specializing in a wide range of card issuing, acquiring and processing services, as well as other payment and credit solutions. Max was formed in 2000 and is based in Bnei Brak, Israel.

Buy -

Seller(S) 1

SELLER

CornerstoneCapital

Frankfurt, Germany

Investor Investor

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 12 of 13
Sector (Software) 4 of 4
Type (Secondary Buyout) 5 of 5
Country (Austria) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-02 Human Solutions

Kaiserslautern, Germany

Human Solutions GmbH is a software company that develops and distributes hardware and software solutions in the field of bodyscanning, ergonomics and simulation applications. Human Solutions was established in 2002 and is based in Kaiserslautern, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-26 EppsteinFOILS KG

Eppstein, Germany

EppsteinFOILS GmbH & Co. KG engages in the production of high quality and specialized non-iron metal foils. EppsteinFOILS delivers to the x-ray and solar industry and is a well-established supplier of materials for production as well as for solutions in the electronic industry.

Sell -
Mergr

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