Private Equity Firm Financial Services

Rivean Capital

Amsterdam, Netherlands

European mid-market private equity firm partnering with management teams to cultivate differentiated opportunities and execute buyouts and growth transformations. With about €5 billion under management, Rivean has executed 250+ transactions and supports platform and add-on strategies with offices across Belgium, Germany, Italy, the Netherlands, and Switzerland.

Focus Areas
Private equity, Mid-market buyouts, Buy-and-build

Tracked deals

24

24 tracked deals across 2022-2025.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Addon

12 addon · 10 buyout · 1 growth capital

Rivean Capital Acquisition Volume by Year

Last 4 years

Acquisition volume by year Annual acquisition counts for the last 4 years for Rivean Capital. 5 2022 5 2023 11 2024 3 2025

Supporting Data

Recent Transactions

Showing the 12 most recent of 24 tracked deals for Rivean Capital.

  • Buyer
    Rivean Capital, Engelmann management
    Target
    Engelmann
    Seller
    Funds advised by DPE Deutsche Private Equity
    Location
    Germany
    Type
    Buyout

    European private equity firm Rivean Capital, together with Engelmann’s management, acquired a majority stake in Engelmann from funds advised by DPE Deutsche Private Equity. The investment supports Engelmann’s continued international expansion and product innovation in smart submetering technologies for heat, cooling, and water measurement.

  • Buyer
    Dataciders Group, Rivean Capital
    Target
    integration-factory
    Industry
    Data & Analytics
    Location
    Hesse, Germany
    Type
    Addon

    Dataciders Group, a PE-backed Data & AI IT services platform, has acquired integration-factory, an IT services firm headquartered in Frankfurt am Main with an additional office in Leipzig. The add-on strengthens Dataciders' data platform, governance and master data management capabilities and expands its industry focus in financial services, energy and manufacturing; the deal is the fifth add-on since Rivean Capital’s investment in Dataciders in January 2024.

  • Buyer
    ]init[ AG, Rivean Capital, EMERAM Capital Partners
    Target
    HBSN Group
    Location
    Hesse, Germany
    Type
    Addon

    ]init[ AG, a portfolio company backed by Rivean Capital and EMERAM, has acquired HBSN Group, a German healthcare-focused digital transformation and IT services provider. The add-on expands ]init['s capabilities and client base in the healthcare and regulated markets — combining roughly 1,500 employees across both groups and adding ~380 new healthcare institutions to ]init['s customer base.

  • Buyer
    Rivean Capital
    Target
    Valcon
    Seller
    Waterland
    Industry
    Consulting
    Location
    Utrecht, Netherlands
    Type
    Buyout

    Rivean Capital will acquire a majority stake in Valcon, the Utrecht-based digital transformation consultancy, subject to ACM approval and consultation with Valcon's Dutch works council. Waterland will be replaced as majority investor but will remain a minority shareholder; the investment is intended to accelerate Valcon's organic and acquisitive growth, expand capabilities (including AI and data services) and strengthen its position across Northwestern Europe.

  • Buyer
    Rivean Capital
    Target
    Acture Group
    Seller
    IK Partners, IK Small Cap II (IK SC II) Fund
    Location
    Netherlands
    Type
    Buyout

    Rivean Capital has signed a definitive agreement to acquire a majority stake in Acture Group from IK Partners (IK Small Cap II), with Acture CEO Maudie Derks and the management team reinvesting alongside Rivean. Acture, headquartered in Nijmegen, Netherlands, is a provider of employee welfare and absence-management services (including case management, reintegration programmes and an absence insurance proposition) and employs roughly 390 full-time employees across the Netherlands and Germany. Rivean will support Acture's international growth and digital/product development to scale the business across Europe; completion is subject to regulatory and works council approvals.

  • October 28, 2024
    Buyer
    Dataciders, Rivean Capital
    Target
    ROITI
    Industry
    Data & Analytics
    Location
    Sofia City, Bulgaria
    Type
    Addon

    Dataciders, supported by Rivean Capital, has acquired Bulgaria-based data and AI consultancy ROITI. The deal (an add-on to Dataciders' platform) brings ROITI's team of more than 90 consultants and deep ETRM expertise to expand Dataciders' customer base in the DACH region and strengthen its energy trading and risk management capabilities.

  • Buyer
    Rivean Capital
    Target
    Perbility Holding GmbH (Perbility)
    Seller
    Main Capital Partners
    Industry
    Cloud & SaaS
    Location
    Bavaria, Germany
    Type
    Buyout

    Rivean Capital has signed an agreement to acquire a majority stake in Perbility Holding GmbH from existing majority shareholder Main Capital Partners. Perbility, a Bamberg-headquartered cloud-based HCM software provider with ~160 employees and over 1,500 customers, expects EUR 29 million revenue in 2024; the founder and CEO Andreas Meck and the management team are reinvesting alongside Rivean to support growth, product expansion and add-on M&A in the DACH region.

  • Buyer
    TonerPartner Group, Rivean Capital
    Target
    Trensco GmbH & Co. KG (brands: HD Toner, HQ‑Fit)
    Seller
    Anja Weiß and Patric Weiß (founders / managing directors of Trensco)
    Industry
    E-Commerce
    Location
    Lower Saxony, Germany
    Type
    Addon

    The TonerPartner Group, backed by private equity investor Rivean Capital, has acquired 100% of Trensco GmbH & Co. KG and its brands HD Toner and HQ‑Fit. The deal expands TonerPartner's e‑commerce platform, creating the largest online retailer in Germany for printer consumables with roughly one million active customers and over €100 million in annual revenue, and aims to capture growth via AI‑driven marketing, procurement synergies and new sustainable product ranges.

  • Buyer
    Dataciders, Rivean Capital
    Target
    PASO Solutions
    Industry
    Data & Analytics
    Location
    Upper Austria, Austria
    Type
    Addon

    Dataciders has acquired Austrian Data & AI services provider PASO Solutions, expanding its presence in the DACH region and strengthening Microsoft-focused data analytics and supply chain capabilities. The deal is Dataciders' third add‑on since Rivean Capital invested in the company in January 2024 and supports Rivean’s buy‑and‑build growth strategy.

  • Buyer
    Enstall, Blackstone Energy Transition Partners, Rivean Capital
    Target
    Schletter Group
    Seller
    Avenue Capital Group, Robus Capital
    Industry
    Renewable Energy
    Location
    Bavaria, Germany
    Type
    Addon

    Enstall, a PE-backed global rooftop solar mounting provider, agreed to acquire Schletter Group, a Germany-based manufacturer of solar mounting systems. The deal — an add-on to Enstall’s PE-backed platform (Blackstone and Rivean Capital) — expands Enstall’s footprint in Germany and Central Europe and adds ground-mounted and tracker capabilities to its product portfolio; Schletter’s current owners Avenue Capital Group and Robus Capital will become minority shareholders in Enstall.

  • Buyer
    PSG Equity, Rivean Capital
    Target
    Corilus N.V.
    Location
    East Flanders, Belgium

    PSG Equity has made a strategic investment in Corilus alongside existing investor Rivean Capital, with Rivean reinvesting via a continuation vehicle. Corilus, a Ghent-based provider of cloud-based medical software used by more than 30,000 care providers and with ~450 employees, will use the new capital to accelerate product development (including GenAI capabilities) and pursue organic and inorganic expansion across Europe.

  • Buyer
    Rivean Capital
    Target
    Intero Integrity Services
    Seller
    First Reserve
    Location
    Gelderland, Netherlands
    Type
    Buyout

    Rivean Capital has entered into a definitive agreement to acquire Intero Integrity Services from First Reserve. The transaction will support Intero's international growth (particularly in North America), accelerate technology development and expand its integrity, environmental and industrial services for critical infrastructure; completion is subject to regulatory approvals.

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