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Deloitte Legal advises Main Capital Partners portfolio company Zig on the strategic combination with Doozer Real Estate Systems

A Deloitte Legal team co-led by Max Lüerßen (Partner) and Felix Felleisen (Partner, both Corporate/M&A, Dusseldorf) has advised Zig on joining forces with Doozer Real Estate Systems GmbH. Zig and Doozer both are leading software providers for the real estate sector in the Netherlands respectively in Germany. The strategic combination was backed by Main Capital Partners (“Main”), a private equity investor focused exclusively on the software sector.

Doozer is a German property management software vendor that offers a digital platform used by property managers to digitally map, initiate and oversee the renovation processes of their properties. The software maximizes efficiency, streamlining and optimizing vacancy management during the re-letting process. This is beneficial for tenants, for whom availability of apartment is realized swifter, as well as landlords who optimize rental income and operations. The company is located in Berlin, Germany and was founded in 2014 by Nicholas Neerpasch and is managed today by him and Carsten Petzold. Doozer’s key customers are asset managers, property managers and craftsmen. Doozer serves blue-chip commercial real estate companies such as LEG, Adler and degewo. At the end of last year, Doozer hit the goal of 1 billion Euro in commissioned construction volume. A total of 170k apartments have been refurbished via Doozer so far.

The acquisition of Doozer marks a significant first step in Zig’s internationalization strategy and following the transaction Zig now has a strong and talented local team for further German expansion, leveraging Zig’s expertise and best practices, whilst bolstering Main’s commercial real estate sector footprint. The management team of Doozer will remain on board with full commitment to the company. Simultaneously, Zig will also remain its focus on its home market, the Netherlands, with a sustained focus on unburdening customers and helping them thrive through smart software solutions.

The acquisition marks the fourth strategic acquisition since Main partnered with Zig in late 2021. The move strengthens the foundation of the company, and Main looks with great confidence towards the future to further fulfill its growth ambitions in the PropTech sector.

Felix Felleisen and Max Lüerßen have been advising Main ever since the beginning of its expansion into Germany, and have already advised the strategic software investor on a large number of platform and add-on acquisitions, most recently on the acquisition of PMG Projektraum Management GmbH, who supports its customers with the modular and cloud-based collaboration platform PAVE in construction and real estate projects, by Pro4all, a Main portfolio company that develops software for construction and real estate management, as well as the acquisition of sycat group of companies by Main-backed JobRouter Group, provider of the cross-industry low-code digitization platform JobRouter®.

Advisors to Main:
Deloitte Legal: Max Lüerßen (Partner, Corporate/M&A, Dusseldorf, lead), Felix Felleisen (Partner, Corporate/M&A, Dusseldorf, co-lead); Frauke Heudtlaß (Parter, Employment Law, Dusseldorf), Andreas Leclaire, LL.M. (Partner, Commercial, Dusseldorf); Stefan Weste (Counsel, Employment Law, Berlin); Dr. Fleur Johanna Prop, LL.M. (Counsel, Corporate/M&A, Dusseldorf), Lara Sophie Worbs (Counsel, Commercial, Dusseldorf), Pia Franziska Karapanos (Counsel, Corporate/M&A, Dusseldorf); Nicole Rurik (Senior Associate, Corporate/M&A, Dusseldorf); Nicole Deneke (Associate, Corporate/M&A, Dusseldorf), Constanze Rassfeld (Associate, Commercial, Dusseldorf).

About Zig
Since its founding in 2001, Zig has become a leader in the residential real estate industry. The company offers a wide range of solutions including ERP, CRM and BI. Zig provides its software to a broad customer base of over 200 organizations. Examples of customers include De Alliantie, Rochdale, Sociale Verhuurders Haaglanden, DUWO, Mooiland, Klik voor Wonen, Thuis in Limburg, Elkien, Bouwinvest and A.S.R. The company has over 250 employees.

About Doozer
Doozer is a German property management software player which offers a digital platform used by property managers to digitally map, initiate and oversee the renovation processes of their properties. The company is located in Berlin, Germany and was founded in 2014. The company focusses on the commercial real estate sector with blue-chip customers such as LEG, Adler and degewo. Currently over 400k apartments are registered on the Doozer platform.

About Main
Main Capital Partners is a leading software investor in the Benelux, DACH, the Nordics, and the United States with approximately EUR 6 billion in Assets under Management. Main has over 20 years of experience in strengthening software companies and works closely with the management teams in its portfolio as a strategic partner to achieve profitable growth and larger outstanding software groups. As a leading software investor managing private equity funds active in Northwestern Europe and North America, Main has 70 employees operating out of its offices in The Hague, Dusseldorf, Stockholm, Antwerp, and an affiliated office in Boston. Main maintains an active portfolio of over 45 software companies. The underlying portfolio employs over 12,000 employees. Through its Main Social Institute, Main supports students with grants and scholarships to study IT and Computer Science at Technical Universities and Universities of Applied Sciences.

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