M&A Deal Summary

VR Equitypartner Acquires evolit

On July 1, 2019, private equity firm VR Equitypartner acquired information technology company evolit from TÜV SÜD

Acquisition Highlights
  • This is VR Equitypartner’s 4th transaction in the Information Technology sector.
  • This is VR Equitypartner’s 1st transaction in Austria.

M&A Deal Summary

Date 2019-07-01
Target evolit
Sector Information Technology
Buyer(s) VR Equitypartner
Sellers(s) TÜV SÜD
Deal Type Divestiture

Target

evolit

Vienna, Austria
evolit is an IT service provider specializing in the areas of mobility, infrastructure, and digitization. The core business includes the development and sale of technically highly complex software solutions that serve individual customer needs and meet the highest tailor-made demands. The areas of application include, for example, ticketing and travel information systems, asset management, fleet management, logistics control, or vehicle inspection. The service portfolio spans the entire IT lifecycle, from consulting and software development to operation and maintenance, and covers all common software tools, programming languages ​​and systems. evolit was founded in 2011 and is based in Vienna, Austria.

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Buyer(S) 1

Buyer

VR Equitypartner

Frankfurt, Germany

Investor Investor


Category Private Equity Firm
Founded 1970
PE ASSETS 570M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

VR Equitypartner is a generalist private equity firm that provides equity and mezzanine financing to companies in Germany, Austria, and Switzerland. VR does not have any sector preferences and targets medium sized business with at least €20 million in revenues. VR seeks stable businesses with strong growth prospects and experienced management. For both equity and mezzanine needs, the Firm looks to invest €1.5 to €15 million per transaction. VR was formed in 1970 and based in Frankfurt.


DEAL STATS #
Overall 37 of 52
Sector: Information Technology M&A 4 of 6
Type: Divestiture M&A Deals 2 of 2
Country: Austria M&A 1 of 1
Year: 2019 M&A 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-04 Votronic

Lauterbach, Germany

Votronic is an electronic components manufacturer, that develops and produces electronic components for motorhomes, rescue vehicles, special-purpose vehicles, and boats. Votronic was founded in 1987 and is based in Lauterbach, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-05 DUO PLAST

Lauterbach, Germany

DUO PLAST is a manufacturer of high-performance stretch films used for load securing in the freight, agriculture and food packaging industries. Customers receive advice on the optimized use of packaging film in the in-house DUO LAB, the right hardware for processing the film, and film with superior strength and stretchability characteristics. The company serves over 1,600 customers in the beverages & food, agricultural, non-food consumer goods, chemical and pharmaceutical industries – primarily from Austria, France and BeNeLux. DUO PLAST was founded in 1983 and is based in Lauterbach, Germany.

Sell -

Seller(S) 1

SELLER

TÜV SÜD

Munich, Germany

Category Company
Founded 1866
Sector Safety/Security
DESCRIPTION

TÜV SÜD is a provider of safety, security and sustainability solutions. The Company specializes in testing, certification, auditing, and advisory services for different industries. TÜV SÜD was formed in 1866 and is based in Munich, Germany.


DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
Country: Austria M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-21 APZ

Darmstadt, Germany

APZ provides reprocessing of used and new vehicles, SMART Repair, vehicle logistics, and other services for major customers, including nationwide operating car dealerships, manufacturer-owned branches and OEMs in Germany, Austria and Luxembourg. APZ was founded in 1982 and is based in Darmstadt, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-02 SIG

Atlanta, Georgia, United States

SIG was founded to deliver sustainability services and education to the building and real estate industry. SIG is serving the entire A.E.C. (architecture, engineering and construction) marketplace, with not only environmental and engineering consultancy, but a suite of technology and Corporate Sustainability services. SIG was founded in 2008 and is based in Atlanta, Georgia.

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