FLEX Capital has acquired Evo IT, a leading Austrian provider of customized software solutions in the DACH region, headquartered in Vienna. Founded in 2011, the company employs over 100 people across its locations in Vienna, Zurich, and Poprad (Slovakia), and operates under two brands: Evolit, which focuses on complex custom software solutions, and Evol.X, which offers tailored CRM and marketing automation solutions based on leading standard software.
Evo IT serves demanding industries such as mobility, energy, critical infrastructure, real estate, and industrial sectors, and also has a strong presence in the public sector. Notable clients include ÖBB, ASFINAG, and TÜV Süd.
CODEX Partners provided the commercial due diligence of Evo IT for FLEX Capital.
CODEX Partners advises clients on commercial due diligence, vendor due diligence, strategy development and transformation, as well as on developing industry platforms. Our clients benefit from our experience of more than 750 projects.
Founded in 2003 and headquartered in Wilsdruff, Germany, YellowFox is a leading provider of cloud-based telematics solutions for fleet, asset, and personnel management. With over 100,000 connected vehicles and a modular software portfolio, the company supports clients from various industries in digitizing their mobility processes.
Peter Möhrle Holding is the family office of the Möhrle family, based in Hamburg. Founded to manage its entrepreneurial investments, the Holding pursues the goal of long-term value growth and primarily invests in established medium-sized companies.
CODEX Partners provided the Commercial Due Diligence of YellowFox for Peter Möhrle Holding.
CODEX Partners advises investors on commercial due diligence, vendor due diligence, strategy development, cost optimization and restructuring of portfolio companies as well as on the development of industry platforms. Investors benefit from our experience of more than 750 projects.
With the integration of ZEDAL, SYNQONY continues to strengthen its position as a leading platform for digital waste and environmental management. The addition of eANV solutions enables SYNQONY to offer its customers all key processes of the digital circular economy from a single source.
ZEDAL is a leading SaaS product for companies subject to verification and registration obligations that must digitally comply with the legal requirements of the German Circular Economy Act (KrWG) for hazardous waste.
This acquisition further consolidates SYNQONY’s position as a market leader in the digital circular economy. The company now employs over 120 people and serves more than 8,000 commercial waste producers, over 700 waste disposal companies, and 100 environmental authorities.
CODEX Partners provided the Commercial Due Diligence of ZEDAL for SYNQONY.
CODEX Partners advises clients on commercial due diligence, vendor due diligence, strategy development and transformation, as well as on developing industry platforms. Our clients benefit from our experience of more than 750 projects.
Junge Die Bäckerei. is the leading provider of bakery and quick-service food concepts in northern Germany, founded in 1897. The Lübeck-based family business operates 210 stores in Northern Germany and three production facilities in Lübeck, Rostock and Greifswald. The expansion with new locations was successfully driven forward, including the development of the Berlin area.
The company is characterized by a high level of vertical integration as well as operational excellence and efficiency. Among its customers, Junge Die Bäckerei. is renowned for its high-quality products and extensive variety, as well as for the pleasant atmosphere and exceptional service in its stores. The pillars of its success include over 5,000 passionate employees and a spirit of innovation in baked goods, snacks, and coffee specialties. The partnership provides Junge Die Bäckerei. with the opportunity to further expand its branch network and reach even more customers with its products and location concepts. Through a combination of entrepreneurial spirit and a unique family-oriented corporate culture, the company has established itself as the leading provider of bakery and quick-service food concepts in northern Germany.
CODEX Partners conducted the Commercial Due Diligence on Junge Die Bäckerei. for Egeria.
CODEX Partners advises clients on commercial due diligence, vendor due diligence, strategy development and transformation, as well as on developing industry platforms. Our clients benefit from our experience of more than 750 projects.
:em engineering methods AG, a portfolio company of Patrimonium Private Equity and Wille Finance, has acquired SEMP Consulting GmbH through its holding company.
:em engineering methods is a leading provider of IT consulting services for the digital transformation of industrial companies in the DACH region. Its consulting focuses in particular on Product Lifecycle Management, Digital Twin, Application Lifecycle Management, Model-Based Engineering, as well as collaboration and requirements management. This is complemented by software development and its own SaaS solution, ReqMan®.
With the acquisition of SEMP Consulting, :em engineering methods is deliberately strengthening its market position in the field of systems engineering, an interdisciplinary approach to the development of complex systems and products. Founded in 2020, SEMP Consulting is accredited by the Gesellschaft für Systems Engineering. The company supports clients in demanding industries such as aerospace, automotive, plant engineering, railways, and medical technology with the introduction and implementation of systems engineering and with certifications according to international standards.
The founders and managing directors of SEMP Consulting, Prof. Dr. Matthias Dorfner and Prof. Dr. Sebastian Schröter, will remain operationally active and will hold equity in the new company.
CODEX Partners provided strategic advice to :em engineering methods and its investors Patrimonium and Wille Finance on the transaction.
CODEX Partners advises clients on commercial due diligence, vendor due diligence, strategy development and transformation, as well as on developing industry platforms. Our clients benefit from our experience of more than 750 projects.
Alixio Group, a portfolio company of Ardian and a leading provider of strategic HR services in France, Benelux and GSA with more than 90 locations, is expanding its presence in Germany through the acquisition of 10 k Beratung GmbH.
Based in Germany, 10 k Beratung GmbH contributes over 30 years of experience in outplacement, career transition, and HR-driven corporate transformation. Leveraging a network of interdisciplinary experts, the company develops innovative concepts for a future-oriented world of work and delivers sustainable solutions for businesses undergoing change.
With this acquisition, Alixio Group is strengthening its European footprint and positioning itself as a leading partner for high-value strategic HR consulting and services.
CODEX Partners provided the Commercial Due Diligence of 10 k Beratung GmbH for Alixio.
CODEX Partners advises clients on commercial due diligence, vendor due diligence, strategy development and transformation, as well as on developing industry platforms. Our clients benefit from our experience of more than 750 projects.
Communardo Group, is entering the Nordic market through the acquisition of Stretch Addera (a part of the Stretch Group), a leading Atlassian Platinum Solution Partner headquartered in Karlstad, Sweden. Supported by Bregal Unternehmerkapital Funds, this partnership is a major milestone in Communardo’s European expansion and further solidifies its position as a top-tier partner in the Atlassian ecosystem.
Stretch Addera is one of the leading Atlassian players in Scandinavia, particularly in Sweden, with a high-quality client base and outstanding cloud capabilities. The acquisition positions Communardo as the preferred partner across DACH and Scandinavia.
CODEX Partners provided the commercial due diligence of Stretch Addera for Communardo and its shareholders.
CODEX Partners advises clients on commercial due diligence, vendor due diligence, strategy development and transformation, as well as on developing industry platforms. Our clients benefit from our experience of more than 750 projects.
Odewald KMU III has acquired a majority stake in the social health service provider Softdoor, Mannheim.
Softdoor is a leading provider in the social impact sector in Germany for the (re)integration of people with multiple barriers to employment, such as mental and physical illnesses, into the workforce. The range of services includes feasibility analyses and coaching measures to facilitate re-entry into the labor market. Supported by a comprehensive network of specialists consisting of physicians, psychologists and social workers, Softdoor currently provides its services directly to the relevant target groups at more than 100 locations in Germany and is a quality leader and reliable partner for employment services with this unique, interdisciplinary assessment approach. Last year, more than 18,000 participants were actively supported in Softdoor measures.
The two founders, Andreas Heck and Markus Hertrich, as well as the new CFO Claus Niedworok, have made a significant investment and will manage the Softdoor Group together in the future.
CODEX Partners provided strategic advice to Odewald KMU in this transaction.
CODEX Partners advises clients on commercial due diligence, vendor due diligence, strategy development and transformation, as well as on developing industry platforms. Our clients benefit from our experience of more than 750 projects.
Maxburg Capital Partners, the majority shareholder of GfS Gesellschaft für Sicherheitstechnik GmbH, a leading provider of mechatronic and electronic emergency exit safety solutions, has sold the company to Assa Abloy AB.
GfS was founded in 1977 as a one-product company with the invention of the iconic door guard, designed for retrofitting emergency exits or as a simple, cost-effective alternative to electronic systems. Under Maxburg’s ownership, GfS has grown steadily, expanding its core product portfolio, entering the next-generation electronic emergency systems market, and extending its reach beyond Germany.
Today, GfS is the leading provider of emergency exit safety solutions in the DACH region, offering a full range of mechatronic and electronic emergency exit systems, along with related accessories.
Assa Abloy is the global leader in access solutions, with sales of SEK 150 billion and 63,000 employees. The Group has operations in over 70 countries and sales worldwide.
CODEX Partners provided the Vendor Commercial Factbook of GfS.
CODEX Partners advises clients on commercial due diligence, vendor due diligence, strategy development and transformation, as well as on developing industry platforms. Our clients benefit from our experience of more than 750 projects.
MedXpert GmbH is an innovative medical technology company based in Eschbach. Since the foundation in 2002, the company has developed a broad range of surgical implants for the thorax. These implants are used for rib and sternum trauma, the correction of thoracic deformities, and large-scale reconstructions. MedXpert focuses on the innovative and patented clamp technology. This unique clamping method enables a simple and stable application, facilitates implantation for surgeons, and contributes to improved patient well-being. MedXpert is internationally known as “The Chest Wall Company” and is one of few specialized solution providers in this segment. MedXpert distributes its products worldwide in 40 countries.
With more than 50 years of experience and 4.0 B EUR in assets under management, NORD Holding is one of Germany’s leading private equity and asset management companies.
CODEX Partners provided the Commercial Due Diligence of MedXpert for NORD Holding.
CODEX Partners advises clients on commercial due diligence, vendor due diligence, strategy development and transformation, as well as on developing industry platforms. Our clients benefit from our experience of more than 750 projects.










