German Equity Partners V (“GEP V”), a fund managed by the independent German investment company ECM Equity Capital Management GmbH (“ECM”), has acquired a majority stake in Education Group. GEP V acquired the majority of the shares from the companies’ founders, who together with ECM intend to continue their successful development with combined forces as Education Group. The parties have agreed not to disclose the purchase price or further details of the transaction.
The Education Group, headquartered in Ludwigsburg/Germany, represents an alliance of leading education and training institutes in the mobility sector. Today, Education Group operates three business units – driving license training for beginner drivers (ACADEMY), basic and advanced training for professional drivers (ACADEMY), and both basic and advanced training for driving instructors (DVPI). The group operates more than 400 own and franchise locations.
CODEX Partners provided the Commercial Due Diligence of Education Group for GEP V.
CODEX Partners advises investors on commercial due diligence and vendor due diligence, strategy development, cost optimization, and restructuring of portfolio companies, as well as on developing industry platforms. Investors benefit from our experience of over 700 projects.
CODEX Partners is a leading strategy consulting firm serving investors, entrepreneurs and top managers in strategy, transaction, and transformation in Germany, Switzerland and Austria.
Founded in 2000 in Munich by former Bain-Consultants Clemens Beickler and Dr. Ruediger Maass, CODEX Partners covers the sectors IT/Technology, Healthcare, Industrials, Services and Consumer Goods. Since its foundation, CODEX Partners has successfully completed more than 600 projects.
CMI is a leading strategy, transformation and innovation consulting firm for investment funds and public as well as private organizations of all sizes. Aiming at untangling complex issues since its foundation in 1986, CMI has headquarters in Paris and offices in New York, Madrid, Hong Kong and Shanghai.
With its team of 90 consultants and 11 partners, CMI covers the sectors TMT, Healthcare, Industry, Energy, Construction, Business Services, Agriculture, Consumer Goods and French Public Ecosystem.
Within the strategic cooperation, CODEX Partners and CMI will work together as independent consulting firms across sectors and functions, such that clients can benefit from the strengths of both companies, particularly in international projects.
There is a strong foundation for joining our forces. We, CODEX Partners and CMI, share a strong common culture of analytical rigor and innovation, and we are committed to the concrete nature of the solutions which we offer to clients.
Together, CODEX Partners and CMI will combine experiences of more than 1,000 projects and provide comprehensive coverage of international markets.
We are looking forward to jointly serving clients across regions, functions and industries.
Gyrus Capital is building the Katalist Group, a leading service and software provider for food and pharma distribution and has in the course of this process acquired a majority stake in Retail Consult, Wysupp and Evertrack. Katalist is a leading full-service consulting firm focused on the digital transformation for the retail industry with headquarters in Portugal and offices on four continents.
Katalist provides solutions strategy, implementation, deployment, training and support services to help global retail companies successfully drive the digital transformation of their business and their supply chains.
CODEX Partners provided the Commercial Due Diligence of Retail Consult, Wysupp and Evertrack for Gyrus Capital.
CODEX Partners advises investors on commercial due diligence and vendor due diligence, on strategy development, cost optimization and restructuring of portfolio companies as well as on the development of industry platforms. Investors benefit from our experience from over 600 projects.
Deutsche Beteiligungs AG (“DBAG”) invests in vhf Group (“vhf”), a producer of computer-controlled milling machines (CAD/CAM) for dentistry and industrial applications.
vhf, with its registered office in Ammerbuch (Baden-Württemberg), develops and produces computer-controlled milling machines (CAD/CAM) that are predominantly used by commercial dental laboratories – as well as dentists in their own laboratories – for making dental prostheses. A further high-growth share of revenues is generated from making machines for selected industrial applications. In addition, the control electronics and all the milling tools are developed and manufactured within vhf Group.
The company was founded in 1988, and the founders so far have been the sole shareholders. The Group reported revenues in excess of 46 million euros for 2021. Nowadays, 40 per cent of revenues are generated outside Europe, especially in the US and China, where spending on dental treatment is growing particularly strongly.
CODEX Partners provided the Commercial Due Diligence of vhf group for DBAG.
CODEX Partners advises investors on commercial due diligence and vendor due diligence, on strategy development, cost optimization and restructuring of portfolio companies as well as on the development of industry platforms. Investors benefit from our experience from over 500 projects.
Halder has acquired a majority stake in family-led CPM Group. While founder Claus-Peter Maier is selling his shares and leaving the company, Halder continues with a successful and long-standing management team.
Founded in 2000, CPM Group has developed into one of the leading suppliers of medical implants and holds a compelling market position, particularly in the dental sector.
The services of CPM Group cover the entire value chain as a one-stop-shop. CPM provides development and consulting, manufacturing of medical implants and instruments, surface treatment, as well as the sterilized packaging of the end-product.
CODEX Partners provided the Commercial Due Diligence of CPM Group for Halder.
CODEX Partners advises investors on commercial due diligence and vendor due diligence, on strategy development, cost optimization and restructuring of portfolio companies as well as on the development of industry platforms. Investors benefit from our experience from over 500 projects.
A fund advised by BPE 4 Unternehmensbeteiligungen GmbH (“BPE”) has acquired a majority stake in the DeutschAkademie Group.
The DeutschAkademie Group is one of the leading private language schools for German courses (German as a foreign language) in the DACH region. Founded in 1999, the group teaches approx. 40,000 participants annually (mainly international students and expats) at 14 locations in Germany and Austria. The lessons take place either on-site at the language schools or as online courses. In addition, the Deutsch-Akademie successfully uses digital learning concepts to support participants in their learning process. The group has established a successful brand with a strong market reputation and is known for high-quality teaching classes and excellent support for participants.
CODEX Partners prepared the Commercial Due Diligence of DeutschAkademie Group for BPE.
CODEX Partners supports investors in commercial and vendor due diligence, strategy development, value enhancement projects for portfolio companies, and buy & build platforms. CODEX Partners has served clients in more than 500 projects.
The Frankfurt-based investment company VR Equitypartner supports Sementis GmbH Stephan Behr Vermögensverwaltung with additional mezzanine financing.
As a family holding company, Sementis GmbH combines interests in QSIL SE and IBYKUS AG.
Founded in 1992 in Thuringia, Germany, QSIL Group produces high-performance products from high-purity quartz glass and technical ceramics. QSIL Group has production sites in Germany and in the Netherlands and employs around 700 people. QSIL Group has become one of the world market leaders in its sector in recent years.
CODEX Partners prepared the commercial due diligence of QSIL Group for VR Equitypartner.
CODEX Partners advises investors on Commercial Due Diligence and Vendor Due Diligence, strategy development, cost optimization and restructuring of portfolio companies and in the development of industry platforms. Investors benefit from our experience from more than 600 projects.
An Investor Consortium consisting of funds managed by ECM Equity Capital Management GmbH (“ECM”), PINOVA Capital GmbH (“PINOVA”) and Gilde Healthcare (“Gilde Healthcare Private Equity”) (together the “Investor Consortium”) has acquired a majority stake in DETAX Group, the leading supplier of polymer materials for medical applications, in the context of a management buy-out. The two long-term managing directors, Mrs. Ursula Juretzki-Mangold and Mr. Ralf König, have invested alongside the Investor Consortium as part of the transaction.
DETAX, based in Ettlingen, Germany, was founded in 1953 and today employs approx. 110 people. As a specialist in polymer materials, the group offers its customers a comprehensive product portfolio of dental and otoplastic consumables. The group serves an international, broadly diversified and loyal customer base. End users of the products include dental practices, dental laboratories as well as audiologists and audio laboratories. The group operates in a non-cyclical, highly regulated market environment. Complying with such regulation, DETAX holds all relevant MDR certificates. This makes DETAX one of the first companies in the industry with an extensive MDR-certified product portfolio.
CODEX Partners prepared the commercial due diligence of the DETAX Group for the Investor Consortium. CODEX Partners advises investors on Commercial Due Diligence and Vendor Due Diligence, strategy development, cost optimization and restructuring of portfolio companies and in the development of industry platforms. Investors benefit from our experience from over 500 projects.
Harald Quandt Industriebeteiligungen GmbH (HQIB) has acquired a majority stake in Funke Medical AG.The previous shareholder and executive board member Andreas Funkeand other board members will continue to hold a significant share in the company.
Over the past 16 years, Funke Medical has become the market leader for decubitusprophylaxis and therapy systems in Germany. The high-quality solutions are used for the treatment and prevention of pressure ulcers and other skin damage caused by prolonged immobility of patients. For its products, the company uses proprietary innovative foam formulations and combinations of different foam layers. Funke Medical exports its products to more than 30 countries worldwide.
CODEX Partners prepared the commercial due diligence of Funke Medical for HQIB.
CODEX Partners advises investors on Commercial Due Diligence and Vendor Due Diligence, strategy development, cost optimization and restructuring of portfolio companies and in the development of industry platforms. Investors benefit from our experience from over 500 projects.
The Carlyle Group, with equity from the Carlyle Europe Technology Partners (CETP) IV fund, has acquired a major stake in CSS AG (CSS), a leading German business software provider with a focus on accounting, controlling and human resources (HR) software. Majority shareholder Michael Friemel will retain a large minority stake in CSS and will continue to lead the company as CEO.
Founded in 1984, CSS is headquartered in Künzell, Germany, and serves and supports its customers from eight additional regional offices. CSS is the only vendor with a fully integrated all-in-one business solution, named eGECKO, for accounting, controlling and HR modules which is specifically targeted at the needs of local and multinational German mid-market customers. It serves approximately 2,500 customers across a wide range of industries. Carlyle will work alongside the CSS management team to support the company‘s growth through the further development of its eGECKO solution via synergetic acquisitions and the offering of cloud solutions.
CODEX Partners provided the Commercial Due Diligence of CSS AG for Carlyle.
CODEX Partners advises investors on commercial due diligence and vendor due diligence, on strategy development, cost optimization and restructuring of portfolio companies as well as on the development of industry platforms. Investors benefit from our experience from over 500 projects.