Maxberg acquires Starface
Germany-based investor Maxberg Capital Partners has agreed to acquire a majority stake in telephony services provider Starface.
The firm used its Maxburg Beteiligungen III fund for the transaction. The founders retain a large minority stake and the management team will continue to lead the company.
Maxberg invests €10-100m in companies in the DACH region. The firm has a total fund volume of €600m and takes long-term positions in companies.
The firm registered a regulatory filing with the German merger control authority on 30 April 2019.
Previous funding
Starface raised €2m in an early-stage venture round in 2006. FirstVentury Equity was the lead investor.
Company
Founded in 2005, the company manufactures IP telephony systems and IP communication solutions that are available as a cloud-based service, hardware appliance or virtual service. The company is based in Karlsruhe and employs approximately 50 people, according to LinkedIn.
People
Maxburg Capital Partners- Moritz Greve (partner).
Starface – Florian Buzin (CEO).
Advisers
Equity – Q Advisors (M&A).
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