Private Equity Firm Software

FLEX Capital

Berlin, Berlin, Germany

FLEX Capital is a private equity fund investing in profitable software and tech companies in the DACH region, supported by an in-house expert team focused on operational value creation.

Focus Areas
Software, Tech-enabled Services, DACH midmarket investing
Website
flex.capital/en

Tracked deals

7

7 tracked deals across 2021-2025.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Buyout

4 buyout · 3 addon

FLEX Capital Acquisition Volume by Year

Last 4 years

Acquisition volume by year Annual acquisition counts for the last 4 years for FLEX Capital. 2 2021 3 2022 1 2024 1 2025

Supporting Data

Recent Transactions

  • FLEX Capital Acquires Evo IT GmbH
    October 7, 2025
    Buyer
    FLEX Capital
    Target
    Evo IT GmbH
    Seller
    VR Equitypartner, Founders of Evo IT (including Paul Kleinrath)
    Industry
    Software
    Location
    Vienna, Austria
    Type
    Buyout

    FLEX Capital has acquired Evo IT GmbH, a Vienna-headquartered custom software provider (brands Evolit and Evol.X) serving mobility, energy, public sector and industrial clients. Frankfurt-based investor VR Equitypartner, the majority shareholder since 2019, sold its stake while the founders remain partially invested and the existing management team will continue to lead the company as it pursues geographic expansion in Germany and capability growth (particularly AI).

  • FLEX Capital Acquires Majority Stake in PROXORA
    June 27, 2024
    Buyer
    FLEX Capital
    Target
    PROXORA
    Industry
    Software
    Location
    Bavaria, Germany
    Type
    Buyout

    FLEX Capital, an operational private equity fund focused on mid-sized software companies in the DACH region, has acquired a majority stake in PROXORA, a Munich-based provider of compliance management software. The investment will support PROXORA's growth and accelerate development and SaaS migration as the company expands its platform and team to become a leading European compliance software provider.

  • FLEX Capital Acquires Majority Stake in ComX
    September 1, 2022
    Buyer
    FLEX Capital
    Target
    ComX
    Industry
    Cloud & SaaS
    Location
    Berlin, Germany
    Type
    Buyout

    FLEX Capital has acquired a majority stake in ComX, a Berlin- and Cape Town-based B2B sales enablement SaaS provider founded in 2018. FLEX Capital will support product innovation and the professionalisation of ComX’s management and operations to accelerate international growth and scale the business globally.

  • Formware Acquires Rasterpunkt (RP Output Management GmbH)
    May 19, 2022
    Buyer
    Formware, FLEX Capital
    Target
    Rasterpunkt (RP Output Management GmbH)
    Industry
    Software
    Location
    Baden-Württemberg, Germany
    Type
    Addon

    Formware, a German output-management software company backed by private equity firm FLEX Capital, has acquired Rasterpunkt (RP Output Management GmbH), a Stuttgart-based specialist in output management software, managed services and consulting. The acquisition strengthens Formware’s OMS capabilities and expands its consulting and managed-services offering across end markets including banking, insurance, utilities, public administration and retail.

  • Marbis (Nitrado) Acquires MCProHosting
    January 12, 2022
    Buyer
    Marbis GmbH (Nitrado), FLEX Capital
    Target
    MCProHosting, LLC
    Industry
    Cloud & SaaS
    Location
    Wyoming, United States
    Type
    Addon

    Marbis GmbH (marketed as Nitrado), a FLEX Capital portfolio company, has acquired MCProHosting, LLC, a US-based Minecraft and game server hosting provider. The deal is an add-on in Nitrado's buy-and-build strategy to strengthen its presence in the US and become the global leader in game server hosting by combining infrastructure, product development and customer support capabilities.

  • Nitrado (marbis GmbH) Acquires Apex Hosting
    December 15, 2021
    Buyer
    marbis GmbH (Nitrado), FLEX Capital
    Target
    Apex Hosting LLC
    Industry
    Cloud & SaaS
    Location
    Florida, United States
    Type
    Addon

    marbis GmbH (brand: Nitrado), a FLEX Capital portfolio company, has acquired Apex Hosting LLC, a Florida-based market leader in Minecraft server hosting. The deal expands Nitrado’s presence in the English-speaking market—particularly the United States—combining Nitrado’s global infrastructure with Apex’s strong customer support and market position.

  • FLEX Capital Acquires Majority Stake in Nitrado (marbis GmbH)
    February 4, 2021
    Buyer
    FLEX Capital
    Target
    Nitrado (marbis GmbH)
    Industry
    Cloud & SaaS
    Location
    Baden-Württemberg, Germany
    Type
    Buyout

    FLEX Capital has acquired a majority stake in Nitrado (marbis GmbH), a Karlsruhe-based game server hosting and server software provider. The investment will support Nitrado's global expansion and strengthen its B2B software platform and cybersecurity (DDoS protection) capabilities.

Related Acquisition Pages

Cloud & SaaS Buyers & Acquisitions 4 tracked deals by FLEX Capital. Software Buyers & Acquisitions 3 tracked deals by FLEX Capital. Acquisitions in Florida 1 tracked deal by FLEX Capital. Acquisitions in Wyoming 1 tracked deal by FLEX Capital.

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