Bid Equity's Myneva bolts on Patronis, TTS

The acquisitions are part of the company's ongoing buy-and-build strategy and are intended to strengthen Myneva's international presence.

Bid Equity bought Netherlands-based Regas from Main Capital in December 2017 and the company has since made a series of add-ons. Regas was later rebranded to Myneva, which went on to acquire Germany-based Swing in September 2020, as reported. A spokesperson for the GP told Unquote at the time that the company was seeking add-ons in the DACH and Benelux regions with EBIT of €1-5m.

Unquote sister publication Mergermarket reported in February 2021 that Myneva was up for sale, with GCA Altium mandated to advise. The company reports EBITDA in the €5-10m region, the report added.

Company
Based in Linz, Austria, Patronis is a care management software platform, while TTS is based in Zwolle in the Netherlands and specialises in software for the management of elderly care. The companies employ fewer than 10 full-time staff.

People
Bid Equity – Axel Jansen, Lars Kloppsteck, Helge Hofmeister (managing partners).
Myneva – Matthias Weinhold, Daniel Fischer, Hartmut Clausen (managing directors).

Advisers
Acquirer – HSA Lawyers (legal); 42Law (legal); AC Christes (financial due diligence); Grant Thornton (tax); Wietrzyk & Partner (tax); TZ Consulting (technology due diligence).

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• Topics
• Portfolio management
• Benelux
• Technology
• Build-up
• Germany
• Netherlands