Apax, DTCP, Summit exit Signavio

The transaction remains subject to regulatory approval and is expected to close in Q1 2021.

SAP intends to combine the business with its business process intelligence unit, according to a statement.

A January 2021 report from Bloomberg stated that Signavio could be valued at around €1bn. The company was valued at around $400m in its last funding round in July 2019, according to a contemporary report from TechCrunch.

Previous funding
Summit Partners led a €31m series-A funding round for Signavio in December 2015, deploying equity via its Europe Private Equity Fund, according to Unquote Data. The vehicle held a final close in April 2008 on €1.05bn and generally invested €20-250m per transaction, focusing on companies with enterprise values of €50m-1bn.

The GP also backed the company's €15.5m series-B round in March 2018.

Apax led a $177m round for Signavio in July 2019, investing via Apax Digital Fund, which held a final close in December 2017 on its $1bn hard-cap. The vehicle makes investments in high-growth technology companies, deploying $30-150m per deal, with a sweet spot of $50m-75m. The Signavio deal saw Apax Digital managing partner Daniel O'Keefe and managing director Mark Beith take seats on Signavio's board of directors.

Deutsche Telekom Capital Partners and Summit Partners also participated in the round.

Company
Signavio produces cloud-based business process management software that aims to allow companies to design, implement and manage processes, decisions and workflow. The company was founded in 2009 and is based in Berlin. Signavio employs 420 people, according to LinkedIn.

People
Signavio – Gero Decker (co-founder, CEO); Luka Mucic (CFO).
SAP – Rouven Morato (general manager, business process intelligence).
Summit Partners – Matthias Allgaier (managing director).
Deutsche Telekom Capital Partners – Thomas Preuss (partner, head of growth equity in Europe and Israel).
Apax Partners – Daniel O'Keefe (managing partner); Mark Beith (managing director).

Advisers
Vendor (Summit Partners) – Sidley Austin, Jan Schinköth, Sebastian Walczak, Julius Koblitzek (legal).

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