
DPE acquires majority stake in AWK
Deutsche Private Equity (DPE) has acquired a 55% stake in Swiss IT consulting business AWK Group for an undisclosed sum.
DPE drew equity for the transaction from DPE Deutschland III, a €575m buyout fund that closed on its hard-cap in January 2017.
Details of the transaction were not disclosed, though the vehicle typically provides equity tickets between €20-60m.
AWK's revenues have tripled in the last 10 years from CHF 18m to CHF 52m and the number of employees has increased from 80 to 250.
Company
AWK is an independent Swiss consulting service founded in 1986. It employs 250 people at its four offices in Zurich, Bern, Basel and Lausanne. The company provides consulting, engineering and project management but does not sell any products or partner with any suppliers of services.
People
AWK Group – Oliver Vaterlaus (CEO).
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