M&A Deal Summary

GAD eG Acquires Elaxy

On August 1, 2005, GAD eG acquired software company Elaxy from Borromin Capital Management

Acquisition Highlights
  • This is GAD eG’s 1st transaction in the Software sector.
  • This is GAD eG’s 1st transaction in Germany.

M&A Deal Summary

Date 2005-08-01
Target Elaxy
Sector Software
Buyer(s) GAD eG
Sellers(s) Borromin Capital Management
Deal Type Add-on Acquisition
Advisor(s) Close Brothers (Financial)

Target

Elaxy

Coburg, Germany
Elaxy GmbH is a supplier of software solutions and related services to the banking, financial services, and insurance industry. Moreover, ELAXY provides online payment and voice automation solutions to a wider range of industries.

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Buyer(S) 1

Buyer

GAD eG

Münster, Germany

Category Company
Sector Information Technology
DESCRIPTION

GAD eG is a software vendor and provider of IT and data center services with a customer base of approx. 490 banks. Being well-integrated into the network of the German cooperative banking institutions, GAD is a highly specialized supplier of banking services.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2005 M&A 1 of 1

Seller(S) 1

SELLER

Borromin Capital Management

Frankfurt am Main, Germany

Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 626M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Borromin Capital Management GmbH is a private equity firm specializing in management buyouts, spin-offs of mid-sized companies located throughout German-speaking Europe. Borromin Capital Management GmbH focuses on cash-flow positive companies with proven business models and strong market positions. Borromin Capital Management GmbH will not invest in turnaround situations. Borromin Capital Management GmbH was formerly known as BHF Private Equity GmbH. Borromin Capital Management GmbH was formed in 2001 and is based in Frankfurt.


DEAL STATS #
Overall 1 of 12
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 4
Country: Germany M&A 1 of 10
Year: 2005 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-01 Passport Fashion Group

Böblingen, Germany

In its 25 year history Passport has established recognition as specialist for knitwear (cardigans, sweat shirts and jerseys) for women. Passport addresses primarily the up-to-date ‘active and confident’ woman buying in the medium price range. Passport’s key to success is its team of designers, the outsourced production process and its distribution network with approx. 75 shop-in-shops in Germany and abroad.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-16 Cetelon

Ditzingen, Germany

Cetelon is a provider of decorative paints and functional speciality coatings for niche applications, primarily in the automotive, mechanical engineering, railway, and construction industries. Cetelon was founded in 1948 and is based in Ditzingen, Germany.

Buy -