Rivean Capital

The acquisition of ROITI Ltd supports Dataciders GmbH to expand its customer base in DACH and reinforces its expertise in the energy & utility sector With the acquisition of the Bulgaria-based full-service consultancy ROITI, Dataciders further expands its position as a leading provider of Data & AI solutions in the DACH region. ROITI offers end-to-end Data & AI consulting services with a specialized focus on energy trading and risk management (ETRM) systems and adjacent fields. The acquisition supports Dataciders (i) to further expand its customer base within the energy & utility market in the DACH region and beyond, and (ii) to strengthen its position in the ETRM field. ROITI brings an experienced team of more than 90 consultants and engineers, primarily serving enterprise customers in Europe, with a focus on Germany and Switzerland. Through its deep expertise with the Endur and Molecule platforms, ROITI also expands Dataciders’ existing technology stack, especially in the field of ETRM. Link to full press release: https://lnkd.in/evwhfpwP

Rivean Capital acquires Perbility, one of the leading HCM software providers in Germany Rivean Capital, a leading European private equity investor, has signed an agreement to acquire a majority stake in PERBILITY GmbH, one of the leading HCM software providers in Germany. The transaction marks another significant platform investment by Rivean Capital in the technology and software sector. Together with Perbility’s current management team, Rivean Capital will acquire the shares from the existing majority shareholder Main Capital Partners. Perbility’s comprehensive HCM suite – the HELIX platform – covers the entire HCM value chain, including talent acquisition, core HR, organizational planning, talent management, employee experience and engagement, and administrative digitization. The company serves more than 1,500 customers, with notable customer references in the financial services sector, the (semi-)public and B2B sectors. Perbility is expected to reach EUR 29 million revenue in 2024, having developed itself into a “Rule of 50” company. Headquartered in Bamberg, the company employs approximately 160 full-time employees across six offices in Germany and a nearshoring center in Turkey. The new partnership with Rivean Capital will enable Perbility to accelerate its up- and cross-selling efforts across its existing customer base, while further expanding the HELIX platform with new modules. Under Rivean Capital’s ownership, Perbility plans to strengthen its organizational capabilities, and further strengthen its sales team, which will enable the company to expand its reach in the (semi-)public and B2B markets and pursue geographic expansion within the DACH region – also via additional strategic add-on acquisitions. Link to full press release: https://lnkd.in/dbhvS5_J

Backed by Rivean Capital: TonerPartner GmbH Expands Market Leadership with Acquisition of Trensco and Its Brands HD Toner and HQ-Fit - Creation of Germany’s largest online retailer for printer ink and toner - One million active customers and annual revenue exceeding €100 million The TonerPartner Group, a leading online retailer of printer ink and toner across Europe, is solidifying its market position through the strategic acquisition of Trensco. TonerPartner, based in Hattingen, has acquired 100% of Trensco GmbH & Co. KG, headquartered in Uelzen, along with its brands HD Toner and HQ-Fit. This acquisition creates the largest online retailer in Germany within this sector, with approximately one million active customers and annual revenue exceeding €100 million. The acquisition builds on TonerPartner Group’s expansion strategy, following its acquisition of the French company SAS Rousselle.com in 2021 and German company Druckerpatronen.de in 2022. Link to full press release: https://lnkd.in/dSjxsjd4

Dataciders GmbH expands within DACH region and acquires Austrian Data & AI services provider PASO Solutions • Regional expansion of Dataciders within Austrian market • Third acquisition since Rivean Capital’s entry in January 2024 • Strengthening of Dataciders’ service offering particularly in the application field supply chain management With the acquisition of the Austrian Data & AI services provider PASO Solutions, Dataciders further expands its position as a leading provider of Data & AI solutions in the German-speaking region. Following the acquisitions of the IT services providers PRODATO, Nuremberg, and Redpoint.Teseon, Garching near Munich, this is Dataciders’ third add-on acquisition since Rivean Capital’s entry in January 2024. PASO Solutions, headquartered in Hohenzell (Austria), specializes in Data & AI solutions for midsized and large customers. The company offers project-based, end-to-end Data & AI services with a focus on supply chain management applications, such as digital twins of existing supply chains to monitor and optimize processes. With a team of more than 40 employees, PASO Solutions also develops and implements customized software solutions in the areas of embedded systems and the Internet of Things. Additionally, the company offers business analytics services for data management, data integration, and real-time monitoring. Technologically, PASO Solutions focuses on the Microsoft ecosystem and strengthens this expertise within the Dataciders Group. Link to full press release: https://lnkd.in/d2GZHBhE

Green Mobility Holding, a leading (E-)Bike leasing provider in Europe, brings digital expertise in-house - Long-time external partner A-DIGITAL one GmbH will be integrated into the company - With this acquisition, GMH aims to further expand its technological leadership and service quality for its customers With support from Rivean Capital, Green Mobility Holding (GMH) is strengthening its position as a leading technology-based provider of (E-)Bike leasing in Europe through the acquisition of A-DIGITAL one GmbH. The integration of the digital agency into the GMH group will accelerate technological development, improve service quality, and sustainably enhance its leadership position in Europe. The two companies are bound by a long-standing and successful partnership. A-DIGITAL one was founded 25 years ago by Serhat Argun and is headquartered in Augsburg. A team of 45 experts has successfully completed over 3,750 digital innovation projects for the agency’s more than 500 clients. In the future, A-DIGITAL one’s extensive expertise will focus on the technical development of the various brands within Green Mobility Holding. Link to full press release: https://lnkd.in/dreGtKS6

Join us for an insightful fireside chat with Matthias Wilcken, Senior Partner and Member of the Executive Committee at Rivean Capital, hosted by ION Analytics and Giovanni Amodeo. The discussion will focus on the impact of digitization in private equity, covering topics such as technological advancements, digital transformation strategies, and future trends in the industry. Learn more about how digitization is shaping the future of private equity and watch the session here: https://lnkd.in/dG2EcCJS

Enstall expands into Germany with the acquisition of Schletter Group Enstall, the global leader in rooftop solar mounting solutions, announced today the acquisition of Schletter Group (“Schletter”), a Germany-based provider of solar mounting systems. Financial terms of the transaction were not disclosed. Schletter’s current shareholders, Avenue Capital Group and ROBUS CAPITAL will become minority shareholders in Enstall to support the company’s long-term strategic ambitions, working in close partnership with existing shareholders Blackstone and Rivean Capital. Founded in 1968 and headquartered in Kirchdorf, Germany, Schletter is a global provider of solar mounting systems, having supplied over 55 GW of solar installations worldwide. The company’s product portfolio caters to roofs, façades, carports, and ground-mounted solar installations, including trackers and fixed-tilt systems. The transaction represents a major step in executing on Enstall’s growth strategy, following its acquisition by Blackstone and Rivean Capital in 2022. The transaction will strengthen Enstall’s footprint in Germany and Central Europe, and establish Enstall as the one-stop-shop global solar mounting powerhouse, with a product portfolio covering both rooftop and ground-mount segments. The transaction is expected to close in the second half of 2024 or early 2025, subject to customary closing conditions, including regulatory approvals. Link to full press release: https://lnkd.in/dcFeCasW

Green Mobility Holding Acquires Ubike Bike Leasing, A Leading (E-)Bike Leasing Provider in Belgium • Second acquisition in Belgium • Further step towards internationalization with support from Rivean Capital • With the French-speaking team of Ubike, Green Mobility Holding is meeting customer needs in multilingual Belgium Green Mobility Holding (GMH), one of the leading technology-based (e-)bike leasing providers in Europe, continues its course of internationalization and acquires Ubike, one of the market leaders in Belgium. Ubike was founded in 2016 with the goal of making cycling more accessible and attractive for company employees. With technological innovations and a strong commitment to sustainability, Ubike helps companies and individuals transition to more eco-friendly and healthier transportation. Ubike places a strong focus on user-friendliness and easy availability of bikes. The company’s goal is to continuously improve the leasing of bicycles and e-bikes. Link to full press release: https://lnkd.in/ehnsWCbe

Are you eager to explore the dynamic field of ESG and make a significant impact? Join our team at Rivean Capital as an ESG Intern for Q4 2024! Collaborate with our dedicated professionals and contribute to advancing sustainability and social responsibility in the private equity industry.   For more information please visit: https://lnkd.in/ddWTuU5Y

Corilus Announces Strategic Investment from PSG Corilus, a leader in medical software solutions for the primary care market in Belgium, is pleased to announce that an agreement has been reached to strengthen its shareholder base with a significant strategic investment from funds managed by PSG Equity (“PSG”), a growth equity firm that partners with software and technology-enabled services companies. Corilus helps enable a smart and efficient healthcare system by connecting care providers, patients and stakeholders. Its cloud-based connected care solutions are used by over 30,000 care providers including general practitioners, dentists, physiotherapists, pharmacies, nurses, elderly care homes, hospitals, labs and the patient app Helena. Corilus delivers software solutions that are deeply embedded in the daily jobs of caregivers covering both administrative and clinical processes. Founded in 1998, Corilus is headquartered in Ghent and employs more than 450 staff. The Company was acquired by Rivean Capital in 2020 who have invested significantly in the software suite, accelerated organic growth and solidified Corilus’ position as a market-leader in Belgium. The Company is well positioned to benefit from attractive organic and inorganic market growth opportunities in the years to come, playing its part in enabling the acceleration of the digitalisation of healthcare across Europe. Completion of the transaction is expected to take place by the end of this year following satisfaction of certain closing conditions, including approval from the relevant competition authorities. Link to full press release: https://lnkd.in/ddfTKU-a