IK to exit Quanos in sale to Keensight Capital

The new owner will seek to support the company in its efforts to further digitise the aftersales market as well as expand its services offering and global footprint, both organically and through M&A, according to a press release.

IK invested in Quanos (formerly SCHEMA) through its EUR 550m IK Small Cap II Fund, in November 2018 acquiring a majority stake in the business from its founders. Quanos was formed after the acquisition of TID Informatik in 2019 and Docware in 2020, according to the sponsor’s website.

Keensight is deploying equity via Keensight Capital V, which held a final close in March 2019 on EUR 1bn. The vehicle targets information technology and healthcare businesses in western Europe that generate revenues between EUR 15m-250m, providing equity tickets of EUR 20m-200m, according to Unquote Data.

Company
Quanos is headquartered in Nuremberg, Germany, and employs 270 staff serving more than 1,000 customers globally. It provides industrial aftersales and digital technical documentation software to customers including original equipment manufacturers and operators.

People
IK Partners – Nils Pohlmann (partner).
Keensight Capital – Stanislas de Tinguy (partner).
Quanos – Nikolaus Scholz (CEO).\\

Advisers
Equity – DLA Piper (legal); Paul Hastings (legal); Deloitte (financial due diligence); Roland Berger (commercial due diligence).
Vendor – Raymond James (M&A); Renzenbrink & Partner (legal); Deloitte (financial due diligence).

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• Topics
• Exits
• Buyouts
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• Keensight Capital
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