HQ Equita acquires Ebertlang in SBO

Katharine Hidalgo
25 March 2019

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The private equity arm of HQ Capital, HQ Equita, has acquired a majority stake in Software distributor Ebertlang from Beyond Capital Partners.

HQ Equita will hold the majority stake in Ebertlang through a newly established holding company. The management will also hold an interest in the new company.

HQ Equita's most recent fund is Equita V, which held a first close on €200m in 2016.

Following the transaction, Ebertlang plans to extend its software portfolio and service offerings, as well as expanding nationally and internationally.

Previous funding
Beyond Capital acquired a majority stake in the company in 2017. The company sold for around 1.5-2x its €10m turnover in an all-equity transaction, according to Unquote Data.

Company
Based in Wetzlar, Ebertlang is a distributor of infrastructure software for small and medium-sized companies in the DACH region. The company provides software solutions for email archiving, back-up, IT-security, automation and continuity, and offers training, consulting and service support for partners and software vendors. The company was founded in 1995 and employs approximately 60 people.

People
HQ Equita – Florian Wiemken (partner).
Beyond Capital Partners – Christoph Kauter (managing partner).
Ebertlang – Steffen Ebert, Volker Lang (co-CEOs).

Advisers
Equity – Goetzpartners (M&A, commercial due diligence, debt advisory); Alvarez & Marsal (financial due diligence); Watson Farley & Williams (legal, tax).
Vendor – Lincoln International (M&A); Latham & Watkins (legal); EY (financial due diligence).
Management – CMS (legal).