Network Corporate Finance advised the founder family Paetsch on the sale of their 100% holding in Business Partners Gesellschaft für Dokumenten- & Workflow-Management mbH in Berlin, Germany, to Infoniqa Group, headquartered in Vienna, Austria, which specialises in IT software and service solutions.
Transaction
To continue the implementation of the growth strategy already successfully initiated, Olaf and Christian Paetsch have sold 100% of their holding in Business Partners Gesellschaft für Dokumenten- & Workflow-Management mbH in Berlin in the context of a strategic partnership. The holding was sold to Infoniqa Holding GmbH, headquartered in Vienna, Austria, which acts as management and investment / holding company for a group of companies specialising in IT software service solutions and which currently holds interests in 12 entities in the German-speaking region.
Target Company
Business Partners Gesellschaft für Dokumenten- & Workflow-Management mbH was formed in 1995 and today specialises in the implementation of complex IT projects in large and medium-sized companies, focusing on consulting, project management, strategy consulting, implementation of, and coaching in, the areas of document and content management, document imaging and archiving, workflow and records management, particularly in SAP as well as non-SAP environments.
Key Facts
| Transaction value: | not disclosed |
| Sector: | IT-Software / IT-Dienstleistung |
| Sales: | not disclosed |
| Employees: | 17 |
| Date: | September 2008 |
Clients
The managing partners, Olaf and Christian Paetsch.
The role of Network Corporate Finance
Network Corporate Finance advised the clients and the company on the structure and execution of the sales process. Following the preparation of the transaction documents, Network Corporate Finance approached selected strategic investors within the framework of a supervised auction, coordinated the due diligence conducted by a limited number of interested parties, negotiated the economic aspects of the sale and purchase agreement and secured compliance with the closing conditions.
