Adiuva Capital has sold NTA Group, a leading provider of integrated security, communications, and IT infrastructure solutions, to funds advised by Deutsche Private Equity (DPE).
The NTA Group is a provider of security, communications, and IT infrastructure solutions for mid-sized companies, government agencies, critical infrastructure operators, and healthcare providers. In addition to fire and intrusion detection technology, alarm and emergency management, access control, and video surveillance, its service portfolio also includes modern corporate communications solutions, networks, and high-performance IT infrastructure.
Under Adiuva’s majority ownership, NTA has grown from a regionally strong systems house into a diversified corporate group. With the acquisition of four add-ons, both the group’s technical and geographic coverage were significantly expanded, and total revenue more than doubled over the course of four years. Today, NTA Group is a leading provider in the DACH region and, with approximately 360 employees at nine locations in Germany and Luxembourg, serves healthcare providers, government agencies, operators of critical infrastructure, and medium-sized companies.
Founded in 2011, Adiuva Capital has been supporting mid-sized companies across the German-speaking countries with capital and entrepreneurial expertise. Today, the firm manages more than EUR 800 million in assets.
CODEX Partners has provided the commercial vendor due diligence for NTA Group and Adiuva 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 850 projects.
Founded in 1920 with headquarters in Freudenstadt Robert Bürkle GmbH is a leading international manufacturer of presses, lamination and coating systems for surface finishing applications. With c. 450 employees, the company serves customers across end markets such as printed circuit boards and electronics, wood processing and technical glass. Bürkle has a global footprint with 6 subsidiaries across Europe, North America and Asia.
AUCTUS Capital Partners, the leading investment firm for the European mid-market, has been majority shareholder since 2018.
CODEX Partners prepared the Commercial Vendor Factbook for the refinancing of Bürkle Group.
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 850 projects.
Rantum Capital has acquired Tontarra Medizintechnik GmbH (“Tontarra”), a leading German developer and manufacturer of surgical instruments headquartered in Wurmlingen.
Tontarra specializes in the development, manufacturing and distribution of high-precision, premium surgical instruments and endoscopy products for open and minimally invasive surgery. The company offers a comprehensive portfolio of precision instruments used across a broad range of surgical procedures. In addition to its proprietary branded business with patent-protected developments, Tontarra operates as a contract developer and manufacturer for internationally leading MedTech OEMs, covering the entire value chain from development and precision manufacturing through to regulatory approval.
The transaction will support Tontarra’s next phase of development through targeted investments in innovation and the further development of products and markets.
CODEX Partners prepared the commercial due diligence of Tontarra for Rantum 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 850 projects.
:em engineering methods AG, a portfolio company of Patrimonium Private Equity and Wille Finance, has acquired Wagner Informatik GmbH, headquartered in Nuremberg, 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. :em engineering method’s consulting focus includes in particular Product Lifecycle Management, Digital Twin, digital manufacturing, manufacturing IT, and Industry 4.0–related engineering and production processes. This is complemented by software development and its own SaaS solution, ReqMan®.
With the acquisition of Wagner Informatik :em engineering methods is strengthening its market position in the field of digital manufacturing, a key enabler for the end-to-end digitalization of engineering, production, and supply-chain processes. Founded in 2008, Wagner Informatik specializes in Industry 4.0 solutions, digital factory concepts, and smart industry. The company supports clients across the entire product lifecycle – from manufacturing planning and manufacturing execution to manufacturing logistics – using the digital twin as a central integrative foundation.
The founders and managing directors of Wagner Informatik, Udo Wagner and Andreas Berndt, 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 Private Equity 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 800 projects.
GroundBirds BV (formerly DVDS), a portfolio company of IceLake, has acquired a majority stake in GfS, a specialized service provider in the field of road infrastructure and traffic safety.
GfS Gesellschaft für Straßenunterhaltung mbH, which Finatem acquired in 2018, is a specialist service provider based in southern Germany in the field of road infrastructure and traffic safety, focusing on the installation and maintenance of guardrail systems and related traffic safety solutions.
GroundBirds BV is a Dutch group of infrastructure maintenance specialists, active in asphalt maintenance, marking and lining, traffic management and road lighting.
The transaction supports GfS’ next phase of development and provides a strong platform to further strengthen capabilities, expand service coverage and pursue attractive growth opportunities.
CODEX Partners prepared the commercial due diligence of GfS for GroundBirds.
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 800 projects.
THI Investments has acquired a majority stake in LOGICHECK, a leading technology-enabled provider of audit and verification services for complex, non-standard motor insurance claims. THI Investments enters the partnership together with LOGICHECK’s management team to actively support the company through its next phase of growth.
LOGICHECK was founded in 2013 and has become a market-leading provider in the verification of complex motor-related insurance claims. The company supports insurers with deep domain expertise, a proprietary data foundation, and software- and SaaS-based verification processes. Today, LOGICHECK works with the majority of German insurers and acts as a mission-critical partner in claim categories where outsourcing is structurally attractive.
CODEX Partners prepared the commercial due diligence of LOGICHECK for THI Investments.
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 800 projects.
With the integration of Gini, Banyan Software, a globally operating company focused on the long-term development of specialized software businesses, further expands its expertise in the European fintech sector and strengthens its buy-and-build strategy.
Gini is the leading provider of AI-based payment and document intelligence solutions for banks, private health insurers, and the e-commerce sector in Germany and Austria. Gini’s software development kit is deeply integrated into the workflows of numerous financial and insurance institutions, enabling the efficient and secure execution of processes such as invoice payments, reimbursements, and automated data extraction.
Through the acquisition, Gini gains access to new international markets, additional customer segments, and professional structures that will sustainably support further growth, particularly in the banking sector and private health insurance.
As part of the transaction, CODEX Partners supported Gini by preparing the commercial vendor due diligence.
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 800 projects.
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.