For M&A advisors and intermediaries

In 48 hours you know whether we fit.

You do not need another buyer who spends three months reviewing and then renegotiates. Our criteria are set out in full below, including what we do not buy. If it fits, you get a response from a Managing Partner, not from an analyst.

Response
48 hours
Introductory call with
a Managing Partner
Focus
IT services only
Region
DACH & Europe

Platform or add-on: two grids

Add-ons carry considerably lower thresholds and a wider geographic radius. A mandate too small for a platform can still be highly relevant.

Platform

New platform

A standalone company as the starting point for a buy-and-build strategy

Revenue€5–30m
EBITDAabove €2m
RegionGermany, Austria, Switzerland
StakeMajority with rollover equity
SituationProfitable, owner-managed
SectorsCloud · Cyber · AI Engineering
Managed Services · ERP · Custom SW
No more than 25% of the fund goes into any one holding.
Add-on

An acquisition for an existing platform

Right now we are looking for tecRacer in the AWS and cloud space

Revenuefrom €2m
EBITDAsecondary, marginally positive is fine
RegionEurope
StakeFull acquisition or merger
SituationA technological or regional complement
SectorsMatching the platform in question
For add-ons, strategic fit counts for more than absolute size. When in doubt, ask.

Which constellations we cover

Not every transaction is a succession. We handle these five situations regularly, with different structures.

01

Succession

No successor inside the family, no sale to a competitor. Handover over 12 to 36 months.

02

Growth and partial sale

The shareholder realises part of the value and stays in for 15–30% of the larger exit.

03

Management buy-out

The existing team takes over, we provide the purchase price and the structure. Management gets a stake of its own.

04

Management buy-in

An external managing director takes over operationally. We carry the financing and support the handover.

05

Carve-out

A group separates from an IT unit that is not core. We take it on as a standalone company or as an add-on.

On carve-outs and buy-ins you can approach us even when the numbers are not final. There, the perimeter often matters more than the figures.

What we do not buy

This list is here so you do not send us documents we would turn down anyway. It saves you more time than any letter of intent.

Software products & SaaSPure product businesses without a services share. There are better-suited buyers for those.
Hardware and licence resaleReseller models with little depth of value added.
Pure staff augmentationBody leasing and temporary staffing in IT.
Turnarounds & distressedWe solve operational problems, not balance-sheet crises.
Minority stakesOn platforms we need the ability to decide.
Outside IT servicesEven with attractive metrics. The focus is deliberately narrow.
48 hours

Does your mandate fit? Send the teaser and you will have the answer before the weekend.

What you can rely on

The worth of a buyer in a process is not measured by their valuation indication, but by whether they hold to what they said on the first call.

48 h

A response to every teaser

Within two working days you get a clear answer: interested, not interested, or which information we are missing to judge.

No

Rejections come fast and with reasons

We do not keep a mandate warm to stay optional. If we say no, we say why, and that helps you approach the next buyer.

1:1

No analyst screening

You speak to a Managing Partner from the start. Here the same person decides on the introductory call and on signing.

4 wks

An indicative offer with the structure disclosed

Once we have the full documents, we deliver a firm valuation range, including the price structure behind it.

0

No renegotiation without new facts

We adjust an offer only if due diligence turns up something material that was not known before. Not because the market has moved.

IT

We understand the assets

You do not have to explain to us why managed services revenue is valued differently from project work. That saves weeks in any process.

From teaser to signing

Four steps, transparent timings. If something slips, we tell you before it does.

Step 01

Teaser

Anonymised is fine. You get an assessment within 48 hours and, if we are interested, our NDA.

Step 02

Information memorandum

We review the documents and come back with specific questions. We only set up a management meeting once we mean it.

Step 03

Indicative offer

A valuation range with the structure disclosed, within four weeks of receiving complete documents.

Step 04

DD and signing

Focused due diligence in eight to ten weeks, with one fixed point of contact on our side.

Send us what you have

An anonymised teaser is enough to start. If you have no documents yet, sector, revenue and region will do; we will come back to you either way.

A response from a Managing Partner within 48 hours
Treated confidentially, even without a signed NDA
Not passed on to third parties, not added to any mailing list
If we decline, you get the reason
Criteria one-pager (PDF) One page as a PDF, to forward to your clients
A response within 48 hours

Present a deal

Fields marked * are required. Send the teaser afterwards, as a reply to our confirmation.

About the company

Treated confidentially, even without a signed NDA. Not passed on to third parties, not added to any mailing list. By sending this you agree that we may process your details to assess the mandate.

Rather talk first?

Both Managing Partners take advisor calls directly. The calendar is open, and 20 minutes is enough for a first read.

Jörn Petereit
Jörn Petereit
Managing Partner
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Eike C. Frerichs
Eike C. Frerichs
Managing Partner
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