Lea-backed Landwehr buys BackOffice

Landwehr will now serve 3,500 customers and the group will have 350 employees, according to a statement.

Lea Partners acquired Landwehr in April 2019, deploying equity via Lea Mittelstandspartner Fund, which held a final close in May 2018 on €200m. The acquisition of BackOffice is Landwehr's third add-on during the investment period. The company bolted on RHB Software in November 2019 and Prosoft in July 2020.

DZ Bank, Federated Hermes and Volksbank in der Ortenau provided a senior secured acquisition financing package to support Landwehr's acquisition of Prosoft.

Company
Founded in 1987 and based in Basel, BackOffice provides software for use in the recruitment of temporary staff, for use by HR departments and HR service providers.

People
Lea Partners – Philipp Hertel (partner).
Landwehr – Mark Linkert (managing director).
BackOffice – Benjamin Leuzinger (managing director).

Advisers
Acquirer – GCA Altium (debt advisory).

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