Consolidation • Software

Elvaston Capital Management Acquires Step Ahead Group

On December 17, 2019, private equity firm Elvaston Capital Management acquired software company Step Ahead Group

Acquisition Context
  • This is Elvaston Capital Management’s 10th transaction in the Software sector.
  • This is Elvaston Capital Management’s 8th transaction in Germany.

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M&A Deal Summary

Date December 17, 2019
Target Step Ahead Group
Sector Software
Buyer(s) Elvaston Capital Management
Deal Type Consolidation

Target Company

Step Ahead Group

Munich, Germany
Step Ahead Group develops and distributes modern ERP software solutions to steer, optimize and digitalize all business processes. The Step Ahead Group serves more than 1.800 clients with 65.000 users across Europe. Step Ahead Group was founded in 2019 and is based in Munich, Germany.
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Buyer Overview 1

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 Context for Buyer #
Overall 11 of 29
Sector: Software 10 of 19
Type: Consolidation 2 of 5
Country: Germany 8 of 22
Year: 2019 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-01 InterEurope

Düsseldorf, Germany

InterEurope is an independent, privately owned service provider that settles claims on behalf of insurance companies. The company primarily deals with claims related to mobility (motor vehicle liability, transport, collision claims, recovery). InterEurope is able to provide outstanding trans-European advice to its insurer clients. InterEurope is based in Düsseldorf, Germany.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 CONVOTIS

Düsseldorf, Germany

CONVOTIS provider of innovative and high-quality digital solutions and managed IT services. With the 3 business areas Business IT, Platform IT and Managed IT, CONVOTIS sees itself as a strategic IT partner for its customers in increasing growth and efficiency through digitalization. CONVOTIS was founded in 2000 and is based in Düsseldorf, Germany.

Buy -

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