VR Equitypartner increases stake in GMS Development

VR Equitypartner acquired a minority stake in GMS Development in September 2015 as part of a succession plan for founding partner Bernhard Hildebrandt, who remained part of the company's supervisory board. An employee participation scheme was also set up at the time of the investment.

The GP generally has an investment period of five to seven years for direct equity investments.

VR Equitypatner had not responded to a request for comment at the time of publication.

Company
GMS Development produces subscription-based customer relationship management (CRM) software via its Software1 and AMS3 products, for use in customer service departments. The company's software has 40,000 users per day in 60 countries who control and invoice 125,000 assignments per day via the platform. Its client base includes Roche and The Coca-Cola Company, according to its website.

Based in Paderborn, GMS has 56 employees and was founded in 1987. It reported 2018 turnover of €10.7m, according to Bundesanzeiger.

People
GMS Development – Bernhard Hildebrandt (CEO), Norbert Armbruster (chief operating officer).

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• Topics
• Expansion
• DACH
• Technology
• Germany