Ventizz acquires Thomas-Krenn and Xortex eBusiness

Ventizz made the investment from its fourth fund, which closed at €450m in 2007. The deal incorporates the acquisition of Austrian internet agency Xortex eBusiness as part of a buy-and-build strategy.

The shares were acquired from BayBG and founders Thomas Krenn and Max Wittenzellner, who will remain involved in the company along with the current management team. The investor has initiated discussions with the company's management to develop a more specific strategy, including potential future add-on acquisitions.

Ventizz will provide additional capital to support further growth and says the acquisition of Xortex eBusiness is the first step in its strategy.

Debt
No leverage was used in the transaction.

Company
Thomas-Krenn was founded in 2002 and is currently headquartered in Freyung, Germany. It specialises in the development and manufacturing of server technology and hosting services.

Xortex eBusiness is an Austrian internet agency and provider of online shops, marketing and hosting services. Founded in 1999, it has previously worked with Thomas-Krenn on several online shops and hosting projects.

People
Managing partner Willi Mannheims and investment manager Christof Knop worked on the deal for Ventizz. Christopher Maier is the CEO of Thomas-Krenn.

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• Topics
• DACH
• Technology
• Buyouts
• Germany
• Ventizz Capital Partners