M&A Deal Summary

HgCapital Acquires Serrala Group

On August 26, 2021, private equity firm HgCapital acquired software company Serrala Group from Waterland Private Equity

Acquisition Highlights
  • This is HgCapital’s 40th transaction in the Software sector.
  • This is HgCapital’s 25th transaction in Germany.

M&A Deal Summary

Date 2021-08-26
Target Serrala Group
Sector Software
Buyer(s) HgCapital
Sellers(s) Waterland Private Equity
Deal Type Secondary Buyout

Target

Serrala Group

Norderstedt, Germany
Serrala Group is a B2B fintech software company creating more secure global payment capabilities for every enterprise. Serrala Group provides unparalleled end-to-end services from inbound to outbound payments to its global customers. Serrala Group was established in 1984 and is based in Norderstedt, Germany.

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Buyer(S) 1

Buyer

HgCapital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 70.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HgCapital is a European private equity firm focused on a wide range of transactions including public-to-private leveraged buy-outs, management buy-ins, divestitures, and turnarounds. Broad sectors of interest include consumer and leisure, healthcare, industrials, services, technology, media, and renewable energy. The Firm will consider both majority and minority investment positions. HgCapital is the successor to Mercury Capital Partners, a former unit of Merill Lynch which was spun out by management in 2000. HgCapital has offices in London and Munich.


DEAL STATS #
Overall 136 of 153
Sector: Software M&A 40 of 48
Type: Secondary Buyout M&A Deals 44 of 51
Country: Germany M&A 25 of 28
Year: 2021 M&A 13 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-25 Nitrogen

Auburn, California, United States

Nitrogen is a software platform for financial advisors that enables advisors to upload and build client portfolios and identify the portfolio’s Risk Number. Nitrogen was founded in 2011 and is based in Auburn, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-15 Achilles

Abingdon, United Kingdom

Achilles is a partner of choice for supply chain risk and performance management. Achilles collects and validates supplier data and mitigates risks globally. This data-driven insight builds more secure, sustainable, better performing supply chains. Achilles was founded in 1990 and is headquartered in Abingdon, United Kingdom.

Sell -

Seller(S) 1

SELLER

Waterland Private Equity

Bussum, Netherlands

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 14.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Waterland Private Equity Investments BV is a private equity firm focused on mid-sized company investments in Central Europe. Waterland looks for businesses with €10 to €200 million in revenue and generally seeks companies operating in fragmented markets or industries undergoing change as a result of: outsourcing, the aging population, and a growing population with increased purchasing power. The Firm typically partners with entrepreneurs and management teams to accelerate the growth of their businesses or complete buyouts and consolidation strategies. Waterland Private Equity Investments was formed in 1999 and is based in Bussum, the Netherlands.


DEAL STATS #
Overall 47 of 58
Sector: Software M&A 3 of 4
Type: Secondary Buyout M&A Deals 20 of 25
Country: Germany M&A 12 of 16
Year: 2021 M&A 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-24 Writech

Mullingar, Ireland

Writech is an international fire protection systems business that has served some of the world's best-known companies, most of whom are leaders in their industry. Clients range from private companies, large corporations, government departments, and international consortiums. The company provides businesses with Fire Protection solutions and systems to help clients continue their successful growth in their various sectors by providing systems to allow business continuity and to minimize risk from a fire disruption. Risk Solutions & Fire Protection Systems are designed to the highest internationally approved standards, manufactured, installed, and serviced by the Groups various departments of excellence. Writech was founded in 1985 and is based in Mullingar, Ireland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-01 Atos

Munich, Germany

Atos is a provider of inter-disciplinary medical services that comprises a total of 33 specialized medical practices and nine operating rooms, backed by ownership of the Heidelberg clinic real estate assets. Services range from simple health checks to highly complex surgical procedures, with a focus on orthopedics, and particularly on the shoulders, knees, and ankles. Atos is based in Munich, Germany.

Sell -