Hg-backed STP acquires WBDat

WBDat offers a variety of data management products that will assist in the quality and efficiency of insolvency proceedings in the future. The companies have some overlapping capabilities in insolvency news but STP will benefit from the data products WBDat can offer.

This acquisition follows the purchase of WinJur International, a Swiss software provider for law firms, in August 2018, and the purchase of Inobas, a provider of structured data, in November 2018.

WBDat generated a turnover of between €1-2m in 2017, according to Kompass. STP generated a turnover of almost €19m in 2016.

The company was spun out from publishing house Indat to allow for the acquisition and is privately owned.

Previous funding
STP was Hg’s ninth investment via its Mercury Fund, which held its final close in 2013 on £380m. The fund invests in companies having enterprise values of between £20-80m.

Company
Founded in 1999 and based in Cologne, WBDat employs 15 people in process analysis and IT. The business offers structured insolvency data as well as services for the processing and valuation of insolvency information.

People
STP - Uwe Richter (CEO).

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