Secondary Buyout • Information Technology

Summa Equity Acquires FAST LTA

On May 2, 2024, private equity firm Summa Equity acquired information technology company FAST LTA from AFINUM Management

Acquisition Context
  • This is Summa Equity’s 6th transaction in the Information Technology sector.
  • This is Summa Equity’s 2nd transaction in Germany.

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M&A Deal Summary

Date May 2, 2024
Target FAST LTA
Sector Information Technology
Buyer(s) Summa Equity
Sellers(s) AFINUM Management
Deal Type Secondary Buyout

Target Company

FAST LTA

Munich, Germany
FAST LTA is a provider of certified solutions to archive data securely for the long-term, helping organizations to simplify archiving, mitigate the long-term risk of data loss, ensure high accessibility of archived data, and fulfill regulatory requirements. FAST LTA was founded in 2006 and is based in Munich, Germany.
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Buyer Overview 1

Buyer

Summa Equity

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2016
PE ASSETS 14.0B SEK
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Summa Equity is a private equity firm that looks to invest €10 to €50 million per transaction and pursues growing companies with significant business relations in the Nordic region. Summa Equity was formed in 2016 and is headquartered in Stockholm, Sweden.


Deal Context for Buyer #
Overall 25 of 25
Sector: Information Technology 6 of 6
Type: Secondary Buyout 7 of 7
Country: Germany 2 of 2
Year: 2024 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-04 STIM

Leknes, Norway

STIM is an aquaculture industry's and quality supplier of fish health products and services, with several ground-breaking innovations under its belt. STIM is based in Leknes, Norway.

Buy -

Seller Profile 1

SELLER

AFINUM Management

Munich, Germany

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 1.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

AFINUM Management GmbH is a private equity firm that targets mid-market companies. The Firm primarily targets opportunities in German-speaking Europe and seeks businesses generating €25 to €500 million in revenues. AFINUM will consider a variety of transaction situations, including MBOs, MBIs, and growth capital financings. The Firm will not invest in turnarounds. AFINUM Management GmbH was formed in 2000 and is based Munich. The Firm has additional offices in Zurich and Hong Kong.


Deal Context for Seller #
Overall 25 of 25
Sector: Information Technology 2 of 2
Type: Secondary Buyout 17 of 17
Country: Germany 17 of 17
Year: 2024 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-29 PROLOGA

Halle, Germany

PROLOGA offers utilities and circular economy companies certified SAP solution add-ons. Our high consulting and service quality has been proven in a large number of projects. We can look back on many years of intensive cooperation with well-known customers from the utilities and waste management industry. Particularly we are proud of our successful partnership with SAP SE. Our experience in the standardization and optimization of processes have been transferred into IT solutions that are available as SAP SolEx products on the SAP price list as well as on the SAP Appstore. PROLOGA was founded in 2001 and is based in Halle, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-18 Inway Systems

Neu-Ulm, Germany

Inway Systems provides tailored digital transformation services for retail, manufacturing, and services industries. Inway Systems was founded in 2003 and is based in Neu-Ulm, Germany.

Buy -