Beyond Capital Partners acquires Xortec

The GP said in a statement that it sees opportunities to consolidate the video surveillance and data communication sector, and intends to pursue a buy-and-build strategy.

The statement added that BCP was chosen as new majority shareholder by Xortec in part due to its experience in the IT distribution sector.

BCP is deploying equity via Beyond Capital Partners Fund II, which was launched in July 2019, according to Unquote Data. The vehicle invests in DACH-based asset-light SMEs in the business services, IT, software, healthcare, lifestyle and entertainment sectors.

The fund is targeting €100m and held a first close in August 2020 on €50m. Unquote reported in October 2020 that the vehicle was expected to hold a final close in Q4 2020 or Q1 2021.

The vehicle acquired optician chain Ounda in June 2020, for which it will also pursue a buy-and-build strategy.

Company
Xortec distributes security systems including video surveillance and data communication networks. The business serves clients in industries including defence, healthcare, energy, retail and telecommunications, according to its website. Founded in 2007, the company is headquartered in Frankfurt and employed nine people in 2019, according to its latest publicly available accounts.

People
Beyond Capital Partners – Christoph Kauter (founder, managing partner).
Xortec – Hubert Irka (managing director).

Advisers
Vendor – Sonntag Corporate Finance (corporate finance).

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• Topics
• Buyouts
• DACH
• Industrials
• Germany