Vitruvian Partners supports Technogroup during the takeover process

LONDON, United Kingdom, 5 December 2017 – Vitruvian Partners (“Vitruvian”) has acquired Technogroup IT-Service GmbH (subsequently: “Technogroup”) from the founding shareholders of the company and from the investors Caldec Holding GmbH.

Technogroup, which was founded in 1990, is the leading IT service provider independent of manufacturers in Germany, Austria and Switzerland. It offers technology maintenance services similar to insurance as well as additional value-added services for IT systems in computer centres in its core market in Germany and throughout Europe. Technogroup supports over 4,000 clients in the most varied sectors, both directly and through leading technology partners. The company employs over 240 people in 25 offices and 12 logistics centres.

The headquarters of Technogroup are in Hochheim, near Frankfurt am Main. The company has subsidiaries in Austria and Switzerland as well as other branches.

Ralf Dingeldein, CEO of Technogroup, says:

“We are pleased to be able to continue the Technogroup success story with the support of Vitruvian, an experienced investor in the IT service sector, and to build on the development plans that were first defined in 2013, when Caldec was a shareholder. Furthermore, we at Technogroup are looking forward to going to the next level, to growing as a regional market leader and expanding our international presence. With the support of an international partner this is a great opportunity for the management and all employees of Technogroup to offer our services to our clients on a much larger scale.”

Comments by Markus Metyas and Florian Wendelstadt:

“In the past five years the cooperation with Technogroup, its founders, its management and employees has developed into an extremely successful partnership. So we feel honoured that we have been able to contribute to the dynamic growth of the company, which is now a leader in the sector of manufacturer-independent IT services. Now, with the support of the team, as well as the capital base and expertise of Vitruvian, Technogroup is ideally positioned to continue this growth story.”

Claus Fischer, founder of Technogroup, endorses the transaction and is also investing in the company alongside Vitruvian and will continue to support it as well.

About Vitruvian Partners

Vitruvian is an independent pan-European private equity company that specialises in “dynamic situations”, meaning investments in companies that are growing or changing rapidly. Vitruvian supports companies to expand their activities by providing an operational support system and assistance for strategic initiatives, including acquisitions. The most important investments to date include market leaders in their sectors such as Just Eat, FarFetch, Skyscanner, Snow Software, CRF Health, Trustpilot, Voxbone, Callcredit, Ebury and Linimed Fazmed. In June 2017, Vitruvian announced that it had completed fundraising for its third fund in a single transaction. At €2.4 billion, Vitruvian Investment Partnership III (“VIP III”) is one of the largest pools of capital in Europe, and supports innovative and fast-growing companies. Vitruvian has supported over 30 companies so far and has total fund assets of an estimated €5 billion. Vitruvian has offices in London, Munich, Stockholm, Luxembourg and San Francisco.

Vitruvian was advised by Kirkland & Ellis (legal), OC&C (commercial), Deloitte (financial), PwC (tax consulting), Willis Towers Watson (insurance) and Marlborough Partners (external financing) within the scope of this transaction. The external financing was provided by Permira Debt Managers.

www.vitruvianpartners.com