Lea Partners invests in IDL

The capital will be used to accelerate the development of the software and expand its market position beyond the German-speaking region.

The investment comes from the LEA Mittelstandspartner fund, which held a final close on its hard-cap of €200m in May 2018. The fund invests in DACH-based small and medium-sized enterprises in the financial technology and software development sectors.

Investments are typically between €10-40m for both minority and majority stakes in portfolio companies, as well as the provision of growth capital.

This acquisition is the fourth from the fund after treasury software provider Bellin, autonomous driving technologies provider understand.ai and software provider Procad.

Company
Headquartered in Frankfurt and founded in 1990, IDL employs 120 people. It claims to have 850 clients in a variety of industries. The company offers a suite of corporate performance management software programs that include software for consolidated financial statements, annual and quarterly reports and regulatory filings.

People
Lea Partners – Philipp Hertel (principal).
IDL – Bernward Egenolf, Harald Frühwacht (managing partners); Christiane Wiegmann (head of consulting); Andreas Lange (head of sales).

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• Topics
• Expansion
• DACH
• Technology
• Venture
• Germany