Unquote

Maxburg Capital Partners buys stake in Saracus Consulting

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Maxburg Capital Partners has acquired a majority stake in IT consultancy Saracus Consulting as part of a succession plan.

Maxburg deployed equity via Maxburg Beteiligungen III, which held a final close in June 2017 on €300m. Its sole LP is RAG-Stiftung, according to Unquote Data.

Maxburg typically invests €10-200m per transaction. Saracus is the GP's 10th investment, according to a statement.

Pandemic opportunities

IT and cloud software consultancies have proved popular investment targets for sponsors in the DACH region in recent months, as GPs see silver linings to come as a result of the need for more business IT infrastructure to support home working during and beyond the coronavirus pandemic.

In April 2020, Waterland acquired a majority stake in Beck Et Al to form a new cloud consultancy platform, as reported. Unquote sister publication Debtwire reported that the GP was seeking €30m in debt to support the buyout and merger.

Family Trust Investor bought IT consultancy firm AlphaQuest in April and plans to follow a buy-and-build strategy, the GP told Unquote.

Also in April 2020, Ufenau bought Hamburg-based digitalisation consultancy Ikor in a deal valued at around €20m, as reported by Unquote.

Company
Saracus advises clients on cloud-based software and systems, including corporate performance management (CPM), customer relationship management (CRM), business intelligence, and data warehousing and analytics. Its clients include companies in the insurance, financial services and public administration sectors.

Founded in 1998, the company is based in Münster and has an additional office in Baden-Dättwil, Switzerland. It has 85 employees.

People
Saracus Consulting – Thomas Schräer (managing director).

Advisers
Equity – Codex (commercial due diligence).

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