Transactions with pioneers and leading providers
One of the transactions was the sale of calimoto (Germany) to Russmedia Equity Partners (Liechtenstein). With four million users in 154 countries, calimoto is the leading global biker app with a unique curve algorithm and a must-have for all motorcycle enthusiasts.
COWEN also advised in the sale of Pinion (Germany) to BRP (Canada). Pinion is a specialist in innovative bicycle gears that replace a classic and high-maintenance gear shift, which is becoming increasingly important for e-bikes in particular. The company says of itself that it offers “bicycle gears with the heart of a sports car.” Pinion fits perfectly into the portfolio of the Canadian BRP Group, a global leader in jet skis and skidoos, which also owns Rotax, a leading manufacturer of drive systems for boats and powersports vehicles.
In the Health Care business, the sale of Locum Doctors (Germany) to House of HR (Belgium) was successful. Locum Doctors is a leading agency in Germany for the placement of doctors. In turn, the purchaser, House of HR, is a leading provider of staffing solutions in the key European markets.
COWEN also achieved a successful deal in the TMT/software sector: Cyren sold its secure email gateway business to Content Services Group (Germany), a portfolio company of Elvaston Capital Management. The buyer thus strengthens its cyber security business and improves its growth prospects.
In the Industrials sector, COWEN advised Triton Partners on the acquisition of Kälte Eckert Group. This transaction was not included in the ranking due to buy-side advice. Kälte Eckert is a leading provider of customized, environmentally friendly cooling and air conditioning systems for businesses and homes, as well as a nationwide technology leader in alternative ecological refrigerants. Through the purchase, Triton Partners supports the further positive development of the technology leader.
Further transactions can be found here.
COWEN is also very successful operating in Debt Advisory in the German-speaking market. In this service, the advisors were able to close nine transactions in the first nine months of the year.