Main Capital acquires stake in GBTec

The management team reinvested in the company as part of the transaction.

A spokesperson for the firm told Unquote that Main Capital sourced this deal proactively, though BDO did advise the vendor of the stake in the process. The firm and GBTec's management have been in touch for some time.

Main Capital has drawn equity for the transaction from Main Capital V fund, which closed on €236.5m in 2017.

The firm has been active in the German market in 2019, acquiring companies such as online procurement platform Onventis in June and enterprise management software specialist Hype Innovation in April. A Main Capital spokesperson told Unquote that beyond this transaction "the firm is looking at several new platform investments, bolt-ons and exits in the near future".

Company
Headquartered in Bochum, GBTec uses BPM to provide a tool for the modeling, analysis, optimisation and automation of business processes. The company claims to have ,700 customers, including HDI and Daimler. Founded in 2005, the company employs more than 130 people, according to LinkedIn.

People
Main Capital – Charly Zwemstra (managing partner).
GBTec – Gregor Greinke (CEO); Marc-Oliver Stromberg (co-founder, partner).

Advisers
Equity – Deloitte (corporate finance).
Vendor – BDO (corporate finance)

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• BDO LLP