Bregal buys proAlpha from Beaufort Capital

Bregal bought shares from fellow private equity firm Beaufort as well as proAlpha founders Leo and Werner Ernst.

The company's third founder and head of development Martin Wolf, as well as Jürgen Brand, Markus Klahn and Matthias Kläsener, will remain in their positions as management board members and shareholders.

The capital will be used to expand proAlpha's production range.

Bregal is currently investing from its third fund, the €1bn vehicle Bregal Fund III. The firm typically invests between €30-150m in companies with an enterprise value in excess of €75m.

Bregal started into the new year with a reshuffled management, which saw founder and co-chairman Louis Brenninkmeijer leave the firm.

Beaufort typically invests in mid-market companies in the technology, telecommunications and medical technology sectors.

Company
proAlpha was founded in 1992 under the name of W Ernst Informatik in Kaiserslautern, Germany. Six years later, the firm started expanding in Europe and the US. In 2003, it acquired Bonn-based humanIT Software. Three years later, proAlpha bought Axilon, also an ERP software provider.

proAlpha now has 27 offices across Europe, the US and Indonesia. It employs more than 500 staff.

People
Florian Schick is a partner at Bregal. Jürgen Brand is CEO of proAlpha Software. Markus Klahn and Matthias Kläsener are CEOs of proAlpha Consulting.

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• Topics
• DACH
• Buyouts
• Technology
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• Germany
• Secondary buyout