M&A Deal Summary

Rigeto and Kartesia Acquire SI.TEQ Group

On October 17, 2022, private equity firm Rigeto and lender Kartesia acquired business services company SI.TEQ Group

Acquisition Highlights
  • This is Rigeto’s 2nd and Kartesia’s 7th transaction in the Business Services sector.
  • This is Rigeto’s 10th and Kartesia’s 6th transaction in Germany.

M&A Deal Summary

Date 2022-10-17
Target SI.TEQ Group
Sector Business Services
Buyer(s) Rigeto
Kartesia
Deal Type Consolidation

Target

SI.TEQ Group

Germany
SI.TEQ Group of companies is a national network of independent specialists for the restoration of water, fire and mold damage. SI.TEQ Group is based in Germany.

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Buyer(S) 2

Buyer

Rigeto

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2013
PE ASSETS 300M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Rigeto is a private equity firm focused on acquiring and investing in family-backed businesses. The Firm seeks majority or minority positions in profitable companies with revenues between €5 and €100 million. Rigeto invests in a variety of industries including business and consumer services, agriculture, healthcare, software and IT. Rigeto was founded in 2014 and is based in Munich, Germany.


DEAL STATS #
Overall 14 of 15
Sector: Business Services M&A 2 of 2
Type: Consolidation M&A Deals 3 of 4
Country: Germany M&A 10 of 11
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-07 Siccum

Kropelin, Germany

Siccum range of services includes the complete processing of water damage, fire damage and mold damage. Siccum was founded in 2005 and is based in Kropelin, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-23 Oceanloop

Munich, Germany

Oceanloop is a pioneer in land-based aquaculture. The company runs two farms near Munich and Kiel for breeding brine shrimp, where they produce the "Bavarian shrimp" and the "Förde shrimp" in sashimi quality. Oceanloop is based in Munich, Germany.

Buy -
Buyer

Kartesia

Investor Investor Investor Investor Investor


Category Lender
Founded 2013
PE ASSETS 5.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Kartesia is a private investment group and lender that looks to invest in lower middle-market companies throughout the European Union and Central Europe. The Firm is industry agnostic and seeks to commit €10 to €100 million in profitable companies with at least €5 million of EBITDA. Proceeds are typically invested alongside sponsors to support buyouts, recapitalizations, shareholder liquidity needs, or restructurings. Kartesia was established in 2013 and is headquartered in London.


DEAL STATS #
Overall 32 of 36
Sector: Business Services M&A 7 of 8
Type: Consolidation M&A Deals 2 of 2
Country: Germany M&A 6 of 7
Year: 2022 M&A 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-07 Digital Space

Newark, United Kingdom

Digital Space is a privately-owned, information and communications technology provider, supplying multi-site organizations with the network connectivity, cloud, unified communication, managed IT and mobile solutions they need to operate effectively in today’s highly competitive market place. Digital Space was founded in 2004 and is based in Newark, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-19 Sales Performance International

Charlotte, North Carolina, United States

Sales Performance International is a sales and marketing management consulting firm. SPI has helped enable the world’s leading corporations to drive sustainable revenue growth through sales performance improvement. Sales Performance International was founded in 1988 and is based in Charlotte, North Carolina .

Sell -