BDO advises the shareholders of GBTEC Software + Consulting AG on the sale of a majority stake to Main Capital
10 July 2019
The shareholders of GBTEC Software + Consulting AG have sold a majority shareholding to Main Capital, a Dutch investor exclusively focused on software investments. Bolstered by a substantial investment of Main Capital Bochum-based GBTEC, focused on business process management (BPM) software, aims to further build out its leading market position through continued sustainable growth and increasing internationalization.
A BDO team under the leadership of Matthias Meyer and Oliver Bach (BDO M&A, Munich/Frankfurt) as well as Thorsten Schumacher (BDO Legal, Düsseldorf) advised the shareholders of GBTEC Software + Consulting AG (GBTEC) on the sale of a 51% shareholding to a company ultimately controlled by Dutch private equity investor Main Capital.
Since its foundation in 2005 GBTEC, under the leadership of its founders Gregor Greinke (CEO) and Marc-Oliver Stromberg, has established itself as the leading provider of BPM Software solutions and related consulting services in the DACH region through a relentless focus on customer and user needs. Having recognized the potential of cloud technology for BPM software already at an early stage the GBTEC team developed a market-leading and user-friendly solution based on the latest technology stack as underpinned by its steadily growing customer base which includes DAX companies, multinational corporations, mid-sized companies, as well as public sector organizations. With the BPM suite BIC Cloud GBTEC provides an award-winning tool for modeling, analyzing, optimizing and automating business processes – a key enabler for digitalization across an organization.
Main Capital Partners is a strategic investor focused exclusively on management-buy-outs and later-stage growth capital in the software sector in the Benelux, Germany and Scandinavia.
According to Gregor Greinke and Charly Zwemstra (Managing Partner of Main Capital), the partners aim to jointly develop the business further and to establish GBTEC as leading software specialist for business process management on an international level. The aim of the investment is to create long-term and sustainable growth for GBTEC through strategic market positioning, selective acquisitions and the expansion of its worldwide partnerships.
BDO AG's team acted as M&A and corporate finance advisor in the transaction, while BDO Legal advised GBTEC's shareholders comprehensively in the preparation and execution of the transaction.
Advisors to Gregor Greinke/Marc-Oliver Stromberg
BDO AG Wirtschaftsprüfungsgesellschaft
Matthias Meyer, Oliver Bach (Lead, Corporate Finance, Munich/Frankfurt).
BDO Legal Rechtsanwaltsgesellschaft mbH
Thorsten Schumacher (Lead, Düsseldorf), Dr Nico Meinzenbach, Dr Konstantin Michelsen (both Hamburg, all Corporate/M&A), Julia Dönch (IP/IT), Dr Franziska Hügel-Spohnheimer (Employment Law, both Düsseldorf) and Dr Martin Krüger (Real Estate, Hamburg).