M&A Deal Summary

RECAP Management Acquires Data Systems Austria

On October 20, 2010, RECAP Management acquired business services company Data Systems Austria

Acquisition Highlights
  • This is RECAP Management’s 1st transaction in the Business Services sector.
  • This is RECAP Management’s 3rd transaction in Austria.

M&A Deal Summary

Date 2010-10-20
Target Data Systems Austria
Sector Business Services
Buyer(s) RECAP Management
Deal Type Special Situations/Distressed

Target

Data Systems Austria

Vienna, Austria
The business software solutions (Enterprise Resource Planning) of the insolvent Data Systems Austria AG will be continued by the JET ERP mbH. The new company is in 100% owned by RECAP. The products range from accounting software to document management solution is added to integrated applications for manufacturing and distribution industries. The products are designed by a professional scope in an easy to use application-oriented structure and high operating comfort.

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Buyer(S) 1

DESCRIPTION

Recap Restructuring Capital is a distressed investment group that targets majority stakes in medium-sized companies in 'crisis situations'. Recap looks for businesses with at least €15 million in sales facing the possibility of insolvency. The Firm prefers businesses located in German speaking countries. Recap Restructuring has offices in Linz, Austria and Munich.


DEAL STATS #
Overall 3 of 3
Sector: Business Services M&A 1 of 1
Type: Special Situations/Distressed M&A Deals 1 of 1
Country: Austria M&A 3 of 3
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 Holland Flower Market mbH

Brunn, Austria

The HBM Group, with headquarters in Brunn near Vienna Hagen, acting as a wholesaler and retailer of flowers, plants and related products such as ceramics, vases, decorations, etc. Mark Holland flowers, the second largest flower retailer in Europe and market leader in Austria, operates about 128 outlets.

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