MML-backed Roboyo to hit German auction pipeline in 2023
MML Capital and the founder owners of Germany-based automation and IT consultancy group Roboyo are preparing the business for a 2023 sales with Canaccord advising the sponsor, four sources familiar with the situation said.
The business is expected to post EUR 60m in revenues for 2022 and EUR 10m-15m in EBITDA, two of the sources said, with one adding that the sellside is preparing initial documents and financials off which the business will be marketed.
MML Capital injected growth capital in Roboyo in 2020 alongside the founders. Roboyo has been highly acquisitive since then, having acquired four businesses: AKOA, Jolt Advantage, Lean Consulting and most recently Procensol on November 15 2022.
Founded in Nuremberg in 2016 by Christian Voigt, Nicolas Hess and Sven Manutiu, Roboyo provides automation and IT consulting services, and the group serves over 120 international clients across a range of industries including insurance, banking, pharmaceuticals, and consumer goods, according to its website.
Roboyo and Canaccord declined to comment. MML Capital did not respond to requests for comment.
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