Mid Europa Partners has raised capital of over €5.1 billion and its proven track record of value creation capabilities matches intive’s growth strategy and secures the company’s plans to acquire peers to triple its €85-million revenue in the next 5 to 7 years. The leading private equity investor has taken notice of the promising dynamics within the software development services industry and recognized a synergy between intive’s objectives and its own. The €100-million acquisition deal proves a high level of trust between the stakeholders. As Kerim Turkmen, partner at sponsor Mid Europa, sees it: “intive’s long-standing client relationships with some of the most valuable global brands paired with a performance of remarkable strength, add a precious, technology-driven edge to our current portfolio. We’re thrilled to enter 2019 as a key contributor to the company’s exciting journey ahead.”
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Future thinking shapes today: intive acquired by Mid Europa Partners
Munich, Germany – February 7th, 2019 – the acquisition announcement from Mid Europa Partners capped an excellent fiscal 2018, a year of intive’s continuous growth and significant consolidation. The leading buyout investor in Central and Eastern Europe acquired intive S.A. from Enterprise Investors, recognizing the company’s strong profitability and anticipating its pan-European strategic moves. The agreement between the two investor parties came into effect on February 6th.
Germany-headquartered intive is now on track to achieve unprecedented growth, remaining strong on the German market, and expanding considerably in France, UK and the Americas. Further advancements include international acquisitions targeted at both mid-sized software players and sector innovation leaders to complement intive’s offering portfolio with AI-powered technologies, design or industry expertise. The company is committed to retaining in steady growth, leveraging its strong capabilities in embedded automotive solutions and boosting its cognitive potential. intive’s CEO Ludovic Gaudé points out: “We are halfway to becoming a truly pan-European organization, one that thrives and stays independent in a consolidating market. Our customers trust in partnering with us to accelerate their own Digital Transformation and create business growth in a human-centric and value-driven way. We are happy that Mid Europa believes in this approach and we will continue to pursue it together.”
Digital Transformation success stories are the driving force behind intive’s operations in Europe and the Americas. With financial flexibility ensured by the new investor, the company’s course is set on generating double-digit growth and delivering the most cutting-edge lineup of services ever.
With more than 1,600 highly skilled specialists, intive helps its customers turn ideas into digital reality. With a challenging, curious and agile mindset, intive co-creates exceptional software solutions that help its clients to accelerate their own digital transformation. intive adds value along the whole application life-cycle – from the idea of a product to its maintenance. The company’s operations are headquartered in Munich, with 15 development centers in Germany, Poland, the UK, the USA and Argentina, as well as regional offices in France, Spain and Sweden. intive is a trusted partner for marquee companies such as Audi, BMW, Credit Suisse, Deutsche Telekom, Esprit, ING, Microsoft, Viacom, Vodafone, Volkswagen and Vorwerk.
About Mid Europa
Mid Europa is a leading buyout investor, focused on the growth markets of Central and Eastern Europe with approximately €4.6 billion of funds raised and managed since inception. Established in 1999, Mid Europa has pioneered private equity in the region with offices in Budapest, Istanbul, London and Warsaw. Mid Europa has also established a fund administration company in Guernsey (www.mideuropafm.com). The Mid Europa team became independent in 2005 and the Firm is 100% owned by its Partners. The team, originating almost exclusively from the region, combines strong local investment and operational experience with the best Western European practices in terms of due diligence, deal structuring and financing, and value creation capabilities. Mid Europa has applied a pan-regional approach since inception and acquires market leading companies, principally in domestic-focused growth industries, in the region's mid-market. To date, Mid Europa has completed 38 investments across 18 countries, including landmark transactions and notable financings in the region.