TD Cowen advises DPE Deutsche Private Equity on the acquisition financing for the purchase of atacama software

Overview

Transaction

TD Cowen acted as exclusive debt advisor to funds advised by DPE Deutsche Private Equity (“DPE”) on the investment in atacama Software GmbH (“atacama” or “Group”). The investment of DPE enables the Group to be strengthened through technological advancements.

atacama is a leading provider of healthcare software. The Group offers an intelligent software solution for innovative patient case management and documentation to statutory health insurances as well as hospitals and consists of three operating subsidiaries: atacama KV Software GmbH (“akv”), apenio GmbH & Co. KG (“apenio”) and atacama blooms GmbH & Co. KG (“blooms”). The Group employs around 90 people and is headquartered in Bremen, Germany.

akv offers web-based case management solutions for German statutory health insurances in the dental and nursing sectors which optimize internal case processing and significantly increase case processing efficiency.

apenio offers an intelligent software solution for patient documentation and care planning in hospitals.

blooms supports akv and other partners with the AI solution AVIDOC-R in the automation of health insurance processes through the digitalization and semantic analysis of complex documents. In addition, blooms provides its sister company apenio and other software vendors with an AI-supported, nursing-scientific basis for documentation and for the automatic generation of reports and calculations.

atacama’s founders Dr. Jürgen Deitmers and René Lenga, are transitioning to the supervisory board. Michael Jansen, incumbent CEO of subsidiary akv, will become Group CEO alongside Group CFO Rainer Donalies. The Joint MDs of apenio, Sebastian Fraas and Daniil Liberman, and the MD of blooms, Sebastian Zebbities, will also be appointed to atacama’s management board and will continue to be responsible for their current areas of responsibility. All parties agreed to invest alongside DPE as part of the transaction.

Client

DPE Deutsche Private Equity (“DPE”) is an independent investment company which supports medium-sized companies on their growth path in its capacity as an investor in a spirit of partnership.

Over the last 15 years, DPE has become one of the largest growth investors in the DACH region and currently has total assets of over €3 billion under management. The core of DPE’s investment strategy lies in the areas of digitalization/software, healthcare, industrial technology, B2B services, energy and environmental technology.

Within these sectors, DPE focuses on established companies which hold a strong market position backed by a leading product or service offering and which offer significant growth potential for the future.

DPE focuses on medium-sized companies in Germany, Austria and Switzerland and typically invests €50-200 million of equity per company.

Target

For 25 years, the teams of the atacama group have been providing transparency and efficiency in the healthcare sector with innovative industry software.

The holding company atacama Software GmbH unites atacama KV Software GmbH & Co. KG and apenio GmbH & Co. KG, two specialised subsidiaries that have established leading professional and technical solutions in the payer and service provider markets. More than 70 health and care insurance companies use the atacama GKV Suite for their case management. More than 75 hospitals, several nursing homes and more than 75 nursing schools and universities use the knowledge-based solution apenio for digital patient and resident documentation.

The company portfolio is complemented by atacama blooms GmbH & Co. KG as an innovative newcomer with the AI-based solutions apenio NKS for intelligent care and interoperability and AVIDOC-R for document recognition and process automation.

Contact

Marco
Schunder

Partner
Debt Advisory

+49 172 6212 755
Email

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