Transaction
Cowen exclusively advised Bencis on the acquisition financing for the purchase of DevelopX, a leading business building and digital transformation specialist. TruVenturo and the operational management will continue to hold a significant stake in the company. The financing structure includes additional committed facilities providing maximum flexibility for potential add-on acquisitions in the context of a buy-and-build strategy to further accelerate international expansion.
Client
Bencis is an independent private equity investment firm that helps entrepreneurs and management teams achieve their growth goals. The company prefers to invest in companies from various sectors with an operating result of up to €50 million and a strong position in their respective markets in Germany, the Netherlands and Belgium. Bencis is currently invested in 30 companies employing a total of around 9,500 people.
Target
DevelopX was founded in Hamburg in 2019 and currently employs over 190 people at five locations in Germany, Poland and Portugal. By combining business building and digital consulting expertise with software development and nearshoring capacities, the company offers a 360° digital consulting portfolio. The broad customer portfolio includes a variety of international companies from various industries.
Contact
Similar Transactions
