Waterland's Beck Et Al buys InfoWan

InfoWan's majority shareholder, Lars Riehn, will remain on board as managing director and has reinvested in the company as part of the acquisition, according to a statement.

Waterland bought a majority stake in Beck Et Al in April 2020 and merged the business with portfolio companies Direkt Gruppe and Binary, which it had acquired in Q1 2020. Waterland invested via Waterland Private Equity Fund VII, which held a final close in August 2017 on €2bn and writes equity cheques of €2-25m.

The acquisition was supported by unitranche financing from LGT Private Debt.

The add-on was financed with equity from Beck Et Al's shareholders, as well as debt.

Company
Garching-based InfoWan and its subsidiary DrVis Software provide IT cloud services for SMEs and larger corporates such as the planning implementation and operational support for Microsoft software packages. DrVis focuses on specific services for educational institutions.

InfoWan has further branches in Regensburg and Jena, and has 80 employees.

People
Waterland Private Equity – Gregor Hengst (principal).
InfoWan – Lars Riehn (managing director).

Advisers
Acquirer – Hengeler Mueller (legal); EY (financial due diligence).

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• Topics
• Expansion
• DACH
• Technology
• Build-up
• Acquisition finance
• Germany
• Waterland Private Equity