Afinum acquires minority stake in Empolis

Afinum sourced the deal through its own network, and plans to grow the company's value by expanding the sales structure and acquiring new customers. The company's four managing directors will continue to hold a majority stake in the business.

The GP held a final close for its fourth mid-cap buyout fund on its €280m hard-cap in April 2013.

Company
Empolis develops software used for the semantic search and analysis of unstructured mass data for business processes. The company was founded through an MBO from Bertelsmann Group in 2012. It has 140 employees at its headquarters in Kaiserslautern and three other locations in Germany.

People
Burkhard von Wangenheim is an investment manager and Jochen Martin is a partner at Afinum. Stefan Wess is CEO of Empolis.

Advisers
Equity – Taylor Wessing, Ernst-Albrecht von Beauvais (Legal); EY (Financial due diligence).

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• Topics
• DACH
• Technology
• Buyouts
• Germany