Capvis invests in IT consultancy AdEx Partners

Wahida Ahmed
31 October 2022

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Capvis has agreed to invest in privately-owned Hamburg-based AdEx Partners, an IT strategy and digital services consultancy.

Following the deal, the company's management team will continued invested in the business, according to a press release. Capvis will support AdEx's plans to expand its service portfolio, and to pursue further internationalization and M&A.

Mergermarket reported in September that AdEx Partners was exploring a sale advised by Lincoln International. The company was marketed off around EUR 10m in EBITDA for 2022, according to the report.

Capvis is deploying equity through funds including Capvis Equity V, which held a final close in September 2018 on EUR 1.2bn. The fund invests in companies based in the DACH and Benelux regions as well as Liechtenstein and Italy with enterprise values of around EUR 100m-500m, according to Unquote Data.

Company
AdEx Partners was founded in 2012 and is based in Hamburg with further operations in Switzerland and Austria. The company provides services including digital transformation managed, IT transformation, supply chain management, among other services.

People
Capvis – André Perwas (partner, head of advanced services & software); Simon Lussi (partner).
AdEx Partners – Ferdinand Weiß (managing, founding partner); Carsten Kracht (founding partner); Stefan Rieder (managing partner).