DPE buys Be-terna from BPE

The company's CEO stated that DPE would "use its buy-and-build experience" to support the company's continued expansion.

DPE drew the investment from its €575m third fund, which was 44% invested by March 2018.

The sale ends a holding period of three years for BPE, during which the revenues increased from €30m to €70m and the number of employees more than doubled from 187 to 500 people. 

BPE kicked of a sale process with GCA Altium advising in October, according to a report by Unquote sister publication Debtwire. The report added that the business was being marketed based on EBITDA of just under €14m and was attracting leverage pitches up to 5x. 

Company
Be-terna was founded in 2005 and is headquartered in Leipzig with additional facilities in Innsbruck in Austria, Root in Switzerland and nine other sites in Germany. The company provides enterprise software including HR, business intelligence and CRM systems. It employs 500 people and generates revenues of €70m.

People
Deutsche Private Equity – Frank Müller (partner).
Be-terna – Christian Kranebitter (CEO).

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