Tenzing launches Munich office; hires KPMG exec as DACH head

Ramme, who will be head of DACH at the mid-market tech sponsor, joins from KPMG Germany, where he was M&A managing partner for the Technology, Media, and Telecommunication (TMT) sector, according to a press release.

Based in Munich and with 20 years of M&A and direct investment experience, his focus has been on German and European B2C and B2B technology companies. Before that he was head of growth capital and managing director of the technology practice at Frankfurt-based European investment banking boutique ACXIT Capital Partners.

The new office opening is another step in Tenzing's European expansion, following a recently established presence in the Nordics. The market for small and medium-sized high-growth technology businesses in DACH continues to be a highly attractive and growing market segment for Tenzing, which aims to support entrepreneurs with on the ground presence, it said in the statement.

The Munich-based team will play a vital role in shaping the firm's DACH strategy, enhance its ability to identify new investments, support existing portfolio companies to expand in the region, as well as serve as a hub to recruit key talent, according to the statement.

Tenzing is investing from its second EUR 480m fund, which held a final close in June 2020. It has an existing portfolio of 14 software and service companies, including those in HR tech, fintech, transport management, e-learning, and business services. It has already made 26 add-on acquisitions for its portfolio companies over both its funds.

In November, the firm invested in UK-based accounting firm DJH Mitten Clarke alongside the management team and CEO Scott Heath. The transaction is the seventh investment of European mid-market tech investor's GBP 400m Fund II. 

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