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.
Aagon GmbH (“Aagon”), a leading German software developer of Unified Endpoint Management & Data Integration solutions, announced its sale of a majority stake to GENUI, a private investment firm based in Hamburg. With the sale, the sellers and buyer are paving the way for accelerating Aagon’s growth together in the future.
Aagon was founded in 1992 by Wilko Frenzel and Sascha Häckel and has been developing the client management and automation solution ‘ACMP’ for almost 30 years, with many modules such as inventory, license management, software distribution, patch management, vulnerability management, asset management, defender management and helpdesk. This helps IT departments of more than 2,800 partners and customers from all sectors and company sizes throughout the DACH region to automate routine tasks and save costs. The company is based in Soest, North Rhine-Westphalia and employs almost 150 people.
CODEX Partners provided the Vendor Commercial Factbook for Aagon.
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 1994 and headquartered in Langen, Germany, Advancis Software & Services GmbH (“Advancis”) is a leading provider of Physical Security Information Management (PSIM) software. Its main product, WinGuard, integrates various security systems and devices, such as access control, video surveillance, and fire detection, enabling centralized control and monitoring across these disparate systems. Advancis’ global leadership has been built thanks to the openness of its software platform, which features a unique library of more than 500 off-the-shelf interfaces, as well as excellent support and training offerings.
Keensight Capital (“Keensight”) is a leading private equity manager dedicated to pan-European Growth Buyout investments. With over 25 years of experience and €5.5bn of assets under management, Keensight’s team leverages their differentiated private equity experience to invest in profitably growing companies generating revenues in the range of €10mn to €400mn.
CODEX Partners provided the Commercial Due Diligence of Advancis for Keensight 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.
Wiedenmann Group, headquartered in Rammingen, Germany, is a manufacturer of high-quality turf maintenance equipment applied on the most professional sport fields in the world such as world cup stadiums, major golf tournaments and similar professional facilities.
With c. 250 dedicated employees in Germany, the USA and Hungary, the group is known for its innovative solutions and quality machinery designed to meet the highest needs worldwide. Wiedenmann offers an extensive product portfolio, including aerators, mowers, and snow removal equipment. The end customer base includes prominent names in global sports such as Bayern München and St. Andrews Golf Club.
palero has acquired 100% of the shares in Wiedenmann Group and will support the management team to expand Wiedenmann’s market presence and explore new growth opportunities.
CODEX Partners provided the Commercial Due Diligence of Wiedenmann Group to palero.
CODEX Partners advises investors on commercial due diligence and vendor due diligence, on strategy development and transformation of portfolio companies as well as on the development of industry platforms. Investors benefit from our experience from more than 700 projects.
Dataciders, one of the leading providers of data, analytics, and AI services in Germany, continues to extend its market leadership in the DACH region by acquiring the IT services provider PRODATO. This acquisition enables Dataciders to expand its service and customer portfolio, industry expertise, regional presence, network of technology partners, and pool of software engineers and consultants.
PRODATO, based in Nuremberg, is an established IT services company specialized in data and analytics solutions for mid-sized and large companies in the DACH region. With 175 employees, PRODATO offers project-based data and analytics consulting services, software licenses, and other services. The company is known for its expertise in data integration, process automation, AI, data governance and regulation, and corporate performance management. PRODATO’s customer base includes the food retail, pharmaceutical, and industrial sectors. It is Dataciders’ second acquisition since Rivean Capital’s entry in January 2024.
Rivean Capital is a leading European private equity investor in mid-market transactions with operations in the DACH region, Benelux, and Italy and assets under management in excess of €5bn.
CODEX Partners provided the Commercial Due Diligence of PRODATO for Dataciders.
CODEX Partners advises investors on commercial due diligence and vendor due diligence, on strategy development, cost optimozation and restructuring of portfolio companies as well as on the development of industry platforms. Investors benefit from our experience from more than 700 projects.
The proLogistik Group (pLG), a portfolio company of Elvaston Capital Management GmbH/Berlin, optimizes all processes along the supply chain with its software and hardware products. In the four areas of Warehouse, Transportation, Hardware and Consulting, the group offers solutions for seamlessly integrated logistics processes. The pLG Product Suite comprises customer-oriented software for a digitalized supply chain. Customers benefit from maximum efficiency and significant time and cost savings across all process chains. The group of companies is represented by 700 employees in Germany, Austria, France, Switzerland, Mexico, the USA, and Canada and has more than 2,000 customers.
CODEX Partners provided the Commercial Vendor Due Diligence of proLogistik Group for the successful refinancing.
CODEX Partners advises investors on commercial due diligence and vendor due diligence, on strategy development and transformation of portfolio companies as well as on the development of industry platforms. Investors benefit from our experience from about 700 projects.









