KCS.net Holding AG (Switzerland) - Jan 2008

unquote
01 January 2008

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The Carlyle Group has acquired in partnership with the management KCS.net Holding AG, an Enterprise Resource Planning solution (ERP) vendor in an all-cash transaction. The seller initiated the deal via an adviser. The investment was made from Carlyle Europe Technology Partners fund.

The company’s segment and team were cited as attractive factors for the investor. The European ERP market for medium-sized companies experiences the strongest growth in the general business application market and Microsoft has evolved as a serious contender in this market. Carlyle’s resources and experience were cited as factors to winning the deal, as well as its sector knowledge, its own ideas regarding future value creation and growth, and its active management support.

The company plans to further expand in the DACH region and accelerate its growth organically as well as inorganically.

Debt

No debt was involved in the transaction.

Company

KCS.net Holding AG is based in Liestal, with nine offi ces in Germany, Switzerland and the Czech Republic. The company is a Microsoft Dynamics AX solution provider and implements ERP software solutions in medium-sized enterprises in the manufacturing, retail and automotive sectors. KCS.net is Microsoft Gold Certifi ed Partner and since 2005 member of Microsoft’s Presidents Club and Inner Circle. It was founded in 1989 and employs a staff of 110. In 2007, KCS.net generated more than €17m in revenues and has been growing in excess of 20% per annum in recent years.

People

Michael Wand handled the transaction for The Carlyle Group. Frank Koydl and Harald Scherrer are CEOs of KCS.Net.

Advisers

Equity - CMS Hasche Sigle, (Legal)Equity - Ernst & Young - Transaction Advisory Services , (Corporate Finance)

Sourced from: Deutsche unquote" 97 (Apr 2008)