HQ Equita buys Indevis

The company's two founders, Wolfgang Kurz and Andreas Mayer, will remain "significantly" invested and retain their current roles as managing directors, the firm said in a statement.

The acquisition financing is structured through a syndicate consisting of Sparkasse Rhein-Nahe and Volksbank EG/Gestalterbank.

HQ Equita said it would support the company in pursuing acquisitions, in addition to expanding Indevis's service portfolio in the area of managed detection and response (MDR). Talks with possible acquisition targets are already underway.

The GP is currently investing via Equita V, which held a final close in April 2019 on EUR 308m. The fund invests in medium-sized businesses in the DACH region with revenues of EUR 20m-150m and aims to make six to nine platform investments.

The Indevis MBO is the second investment in the IT sector made by the fund, following the 2019 buyout of Ebertlang, a distributor of data protection and infrastructure software in the SME segment.

Company
Indevis, headquartered in Munich, is a managed security service provider for customers in the healthcare, legal, management consultancy, financial services and public administration sectors in the German-speaking region of Europe.

Established in 1999, the company operates another office location in Hamburg, as well as two data centres. It employs around 80 people.

People
HQ Equita – Florian Wiemken (partner).

Advisers
Equity – WDP (commercial due diligence); Deloitte (financial due diligence); Watson Farley & Williams (legal, tax); MRH Trowe (insurance due diligence); GCA Altium (debt advisory).

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• Topics
• Buyouts
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• DACH
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• HQ Capital
• Cybersecurity