Main Capital creates software group enventa after four DACH deals

Enventa, as the group is being called, will combine Nissen & Velten, texdata, aruba, and Litreca and have combined revenues of EUR 25m.

Following the transaction, the senior management and founders of the four businesses will remain with the group. According to a press release, they have all either invested or reinvested in enventa.

With the support of Main, enventa will execute a buy and build strategy, diversification through cross-selling, and seek to achieve sustainable growth business models.

Sven van Berge, head of Main's DACH activities, told Unquote that the sponsor has a 90% stake in the business. All four businesses had no investors and were bought from either management or the founders. "The companies were acquired separately in the last three months and were all proprietary deals. However, Litreca was purchased via a small process."

Main invested through Main Capital VII, which was launched in July 2021 and held a final close at its EUR 2bn hard-cap in October 2021. The vehicle invests in software companies based in Europe with enterprise values of EUR 25m-250m, according to Unquote Data. Van Berge said the vehicle will be announcing new platform deals in the coming weeks.

Companies
Nissen & Velten was founded by Joerg Nissen and Günther Velten and provides business solutions to small and medium-sized businesses. It serves customers in sectors including logistics and wholesale. It has 90 employees, with 15 sales partners across Germany, Switzerland, and Austria, and 350 clients.

Litreca provides software to optimise financial processes including treasury management and financial planning. Stephanie Kliner, CEO of Litreca, has been appointed as CFO of enventa.

Texdata software was established in 1983 and provides business software for the fashion industry. It has three offices in Austria and has around 180 customers across the German-speaking countries. Daniel Plohnke, CEO of texdata, has been appointed as CEO of enventa.

Aruba enables companies to efficiently use its data via its products for data extraction and provision. Approximately 600 companies use aruba.

Enventa will employ around 200 employees. It will provide clients with e-commerce services, logistics services, finance management, business intelligence, and enterprise resource planning. Its clients include Lufthansa, Leica Camera and KYOCERA Fineceramics Precision, among others, according to the press release.

People
Main Capital - Sven van Berge (head of DACH activities).
enventa - Daniel Plohnke (CEO), Stephanie Kliner (CFO).

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