Bregal acquires 67.55% stake in SHD

The vendor is Elvaston Capital, which will reinvest along with the management to take a minority stake.

The company generated a €45m turnover in 2016 and employs 462 people, according to its website. Financial details of the transaction have not been disclosed.

According to a regulatory filing, the investment will come from Bregal's Jersey-based €550m DACH fund, Bregal Unternehmerkapital LP, registered in 2015. It makes investments between €30-150m for majority and minority stakes in German companies with EBITDA of €5-30m.

Previous funding
Elvaston acquired SHD in 2014 for an undisclosed sum, using capital from Elvaston Fund II. 

Company
SHD was founded in 1983 and is based in Andernach, Germany. The company develops software for enterprise planning with a specific focus on the furniture industry. It also offers personnel management and financial planning consulting services. Its software has around 100,000 users in the German-speaking region.

People
SHD – Stefan Hahne (CEO).

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• Topics
• Buyouts
• DACH
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• Germany