M&A Deal Summary

VR Equitypartner and AG Capital Acquire IDENTA Ausweissysteme

On February 1, 2024, private equity firms VR Equitypartner and AG Capital acquired technology hardware company IDENTA Ausweissysteme

Acquisition Highlights
  • This is VR Equitypartner’s 2nd and AG Capital’s 1st transaction in the Technology Hardware sector.
  • This is VR Equitypartner’s 46th and AG Capital’s 1st transaction in Germany.

M&A Deal Summary

Date 2024-02-01
Target IDENTA Ausweissysteme
Sector Technology Hardware
Buyer(s) VR Equitypartner
AG Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

IDENTA Ausweissysteme

Villingen-Schwenningen, Germany
IDENTA Ausweissysteme is a provider of chip card and digital solutions in the areas of access control, public transport, automotive, and hotels. Its portfolio includes multifunctional chip cards, MasterCard credit cards, and RFID media such as key fobs (key chains with transponders). IDENTA Ausweissysteme is based in Villingen-Schwenningen, Germany.

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Buyer(S) 2

Buyer

VR Equitypartner

Frankfurt, Germany

Investor Investor Investor 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 49 of 52
Sector: Technology Hardware M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 22 of 23
Country: Germany M&A 46 of 49
Year: 2024 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-13 Midoco

Hilden, Germany

Midoco is a provider of midoffice/ERP-software for the travel industry. The software with the same name is a saas-solution and is being used by leisure travel agencies, business travel centers, online travel agencies, and tour operators for the administration of booked travel packages. Midoco was founded in 2005 and is based in Hilden, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-12 Hero Textil

Crailsheim, Germany

Hero Textil develops and produces elastic textile inserts with extensive manufacturing and technological expertise. The company primarily manufactures polyester knitwear for rental laundry companies and manufacturers of workwear and personal protective equipment. It also produces knitwear for industry, such as liners for pipes and ducts. Hero Textil was founded in 1980 and is based in Crailsheim, Germany.

Buy -
DESCRIPTION

AG Capital is a private equity firm focused on small and mid-sized companies with sustainable business models and growth opportunities. AG Capital considers businesses in Austria, Germany, Switzerland, and northern Italy with revenues of at least €10 million. The Firm typically commits €5 to €20 million in minority and majority investments to support growth, buy-and-build situations, management buy-ins and buy-outs, and partial and total sales. AG Capital will not invest in fossil energy, tobacco, real estate, and gambling. AG Capital is headquartered in Vienna, Austria.


DEAL STATS #
Overall 4 of 4
Sector: Technology Hardware M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 2
Country: Germany M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-15 Intelia

Wien, Austria

Intelia stands for intelligent solutions for the entire customer care area. Intelia has been successfully active on the Austrian market for over 10 years and has set itself apart from the competition in recent years through high-quality customer service and the fast processing of complex orders in the B2C and B2B sectors. Intelia was founded in 2011 and is based in Wien, Austria.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-11-13 Improove

New York, New York, United States

Improove is an SEO agency that provides services to more than 130 customers around the world from its three locations in Vienna, Madrid, and New York. Improove's proprietary approach provides its clients with sustainable website traffic with particularly high conversion rates resulting in a market-leading return on investment. Improove was founded in 2009 and is based in New York, New York.

Sell -