Acquisitions in Hesse, Germany

Dataciders Group, a provider of Data & AI solutions in the DACH region backed by Rivean Capital, acquired IT services provider integration-factory. The deal is Dataciders’ fifth add-on acquisition since Rivean Capital’s entry in January 2024 and is intended to strengthen Dataciders’ capabilities in data platforms, data governance, master data management, and automation-enabled data integration and analytics.

Bain Capital, via a consortium led by its European Private Equity team, has agreed to acquire Apleona, a European integrated facility management provider, from PAI Partners. The deal is intended to support Apleona’s continued growth across Europe, including organic expansion and further acquisitions, with a focus on technical, digital and ESG-oriented solutions for decarbonizing buildings. The transaction is subject to customary closing conditions and regulatory approvals.

TPG Rise Climate, together with minority investor GIC, signed an agreement to acquire Techem Group for total consideration of approximately €6.7 billion. Techem is being acquired from its previous majority owner Partners Group, along with co-investors CDPQ and Ontario Teachers' Pension Plan. The transaction is expected to close in the first half of 2025, subject to customary conditions and regulatory approvals.

GREENPEAK Partners, through its healthcare IT group PARATUS, has acquired projodis GmbH, a leading German provider of laboratory information system (LIS) software for human genetics. The deal expands PARATUS’ diagnostics-focused LIS offering and is intended to align projodis with PARATUS’ existing LIS business DB Soft to build a broader LIS cluster across markets.

European private equity firm Waterland has agreed to become the majority shareholder of dacoso GmbH, an IT network integration and cybersecurity services provider in the DACH region. The founders Thomas Joswig and Horst Pohl and family sellers (Felix and Robin Pohl) are selling stakes but will retain an ongoing ownership position, with Felix Pohl continuing as CEO. The investment is intended to support dacoso’s international expansion; financial terms were not disclosed and the deal is subject to customary regulatory approvals.

Funds advised by Bregal Unternehmerkapital (BU) have made a majority investment in Billbee GmbH, a cloud-based multichannel e-commerce SaaS software provider serving small online retailers in the DACH region. The investment supports Billbee’s plans to expand through organic growth and acquisitions, with founder Jan Krause retaining a stake in the company.

Better Taste Group, a portfolio company of AURELIUS Growth Investments, acquired CASEDA Gastro Services GmbH, a catering provider serving schools, kindergartens, and company cafeterias in Germany’s Rhine-Main region. The deal is Better Taste’s fourth add-on acquisition under AURELIUS ownership and expands Better Taste’s coverage in south-western Germany.

TIMETOACT GROUP has acquired OpenAdvice IT Services GmbH, a specialist in application performance monitoring and business service assurance. OpenAdvice will continue to be led by Jeanette and Markus Fürst as a business unit within TIMETOACT GROUP, and they will become shareholders in the group; transaction terms were not disclosed.

Amadys Group, backed by Equistone, has acquired PRO-Kunststoff GmbH to strengthen its end-to-end connectivity solutions offering in Germany, particularly for fibre-to-the-home (FTTH) expansion. PRO-Kunststoff is a logistics and distribution specialist for passive broadband infrastructure components, and its owners/managing directors will re-invest in Amadys and continue leading the business.

Funds advised by Equistone Partners Europe acquired a majority stake in eperi, a cybersecurity software provider for cloud applications. eperi was sold by venture capital investors Evolution Equity Partners and btov, while founder and CEO Elmar Eperiesi-Beck will continue to lead the company and retain a significant stake. The partnership aims to support scaling, internationalisation, and a buy-and-build strategy; financial terms were not disclosed.

AURELIUS Wachstumskapital (AURELIUS Growth Investments) has acquired PRIORIT AG, a market-leading full-service provider of constructional fire protection products and solutions. PRIORIT, founded in 2000, is headquartered in Hanau, Germany and offers services across product development, production, consulting, planning, and on-site installation.

EQT Infrastructure agreed to acquire Meine Radiologie Holding GmbH from Triton Partners and Blikk Holding GmbH from DBAG Fund VII (advised by Deutsche Beteiligungs AG) to combine the businesses into a leading radiology and radiotherapy platform in Germany. Meine Radiologie and Blikk together operate more than 65 radiology and radiotherapy locations and employ over 1,300 people across Germany. DBAG will remain a minority shareholder in the combined group; financial terms were not disclosed.

wecare Group has acquired GAMA Altenhilfe, adding four nursing homes in the Hesse region with over 400 care places, 25 assisted living units, and approximately 360 employees. The deal supports wecare Group’s strategy to become a leading nationwide care services provider through targeted acquisitions and new builds, bringing the group to 20 facilities across Germany.

Unifiedpost Group announced the acquisition of Crossinx GmbH in a transaction structured as a majority (+50%) share deal combining cash and newly issued Unifiedpost shares. The deal expands Unifiedpost’s footprint into Germany and the broader DACH region and Hungary, and strengthens its B2B fintech offering across e-invoicing, e-procurement, payments, and order-to-cash/procure-to-pay automation.

Funds advised by Equistone Partners Europe agreed to sell their majority stake in Oikos Group, a European provider of prefabricated houses, to West Street Capital Partners VIII, a fund managed by Goldman Sachs. Oikos Group includes the brands Bien-Zenker, Hanse Haus and Living Haus; financial terms were not disclosed and the deal is subject to competition authority approvals.

Triton’s Smaller Mid-Cap Fund (TSM), advised by Triton, signed and subsequently completed an investment in Deutsche Radiologie Holding (DRH). Triton invested alongside existing shareholders, including the owners of Tempus Capital and the DRH management team; financial terms were not disclosed. DRH, founded in 2017, supports radiology, nuclear medicine, and radiotherapy practices with succession planning solutions and is headquartered in Frankfurt am Main, Germany.

Universal-Investment Group is acquiring Frankfurt-based IT service provider labs from Lupus alpha Asset Management AG. labs will continue to operate independently under the “UI labs” brand. The deal supports Universal-Investment’s strategy to expand its data and front-office solution capabilities as part of a broader European fund-services platform.

Cinven’s Sixth Cinven Fund agreed to acquire Germany-based life insurance consolidation platform Viridium Group and fund Viridium’s acquisition of Generali Lebensversicherung AG (Generali Leben), a life insurer within Generali Deutschland AG. Viridium subsequently completed the acquisition of Generali Leben effective 30 April 2019, expanding Viridium’s managed life insurance portfolios and assets, while Generali Deutschland retained a 10.1% minority stake in Generali Leben and Hannover Re reinvested to maintain its stake in the combined entity.