Silver Investment Partners-backed Alvara bolts on IT Kompetenz

Silver Investment Partners supported the bolt-on with additional equity and via an existing acquisition financing line.

SIP backed Alvara's MBO in October 2018, acquiring a majority stake in the company. SIP invests in companies with revenues of €5-30m with an EV of up to €30m, making equity investments of €2-15m. The firm raises capital on a deal-by-deal basis.

The GP supported the company's acquisition of Zeiser Group in May 2019.

Company
IT Kompetenz produces software for managing, monitoring and optimising the cash-in-transit (CIT) industry. The firm manages cash centre software Pecunia, centralised branch control and monitoring software Venturia, and order entry platform WebAmis. Its mobile applications MobiTour and MobiTick can be operated via a scanner and allows cash centres to communicate with drivers to manage orders. IT Kompetenz also offers maintenance, technical support and training for its software.

Founded in 1995, IT Kompetenz is based in Hamburg and has 10 employees.

People
IT Kompetenz – Matthias Schick, Thomas Vietze (managing directors).
Silver Investment Partners – Philipp Amereller (managing partner).
Alvara – Bernd Hohlfeld (CEO, founder).

Advisers
Company – King & Wood Mallesons (legal); TZ Consulting (commercial due diligence).

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• Topics
• Expansion
• DACH
• Technology
• Acquisition finance
• Build-up
• Germany
• Silver Investment Partners