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b+m beteiligt invests in engram GmbH

Deloitte Legal broadens track record with Dutch PE funds Main Capital Partners

Deloitte Legal Dusseldorf repeatedly advises the booming Private Equity investor Main Capital Partners with its expansion into the German IT sector.

A Deloitte Legal Germany team led by Düsseldorf-based Corporate/M&A Partner Felix Felleisen has acted as legal advisor to Main Capital Partners and its German portfolio company b+m in the context of the recent acquisition of a majority participation in German software company engram GmbH.

A Deloitte Legal Germany team led by Düsseldorf-based Corporate/M&A Partner Felix Felleisen has acted as legal advisor to Main Capital Partners and its German portfolio company b+m in the context of the recent acquisition of a majority participation in German software company engram GmbH.

Main Capital Partners, a Dutch Private Equity Firm with offices in Amsterdam, The Hague and Dusseldorf with an exclusive focus on the software sector in the Benelux and DACH area has supported the software provider for the banking and insurance industry b+m Informatik, in which Main Capital holds a majority stake, in joining forces with engram GmbH as part of b+m’s growth strategy. Both companies have been consolidated under the umbrella of a joint holding company. With this step, both companies combine their product portfolio to tap into new target markets and strengthen long-term customer relationships. Deloitte Legal Germany acted as legal advisor to Main Capital Partners and b+m for this transaction.

The Düsseldorf Corporate/M&A-team had already advised Main Capital Partners on the original acquisition of b+m from Allgeier SE, which took place at the end of 2015 and, since then also advised Main Capital Partners with a number of other transactions in Germany, including, by way of example, the acquisition of a majority stake in artegic AG, Bonn, Germany as well as the combination of ABIT, Meerbusch, with the Dutch software specialist EuroSystems. With the recent acquisition, Main Capital Partners continues its expansion strategy into Germany and Deloitte Legal Germany adds another transaction to their joint track record with the Dutch PE funds.

Advisors to Main Capital Partners/b+m:

Deloitte Legal Germany: Felix Felleisen (Partner, Dutch Desk, Corporate | M&A, Düsseldorf, Lead), Frauke Heudtlaß (Partnerin, Employment Law, Düsseldorf), Max Lüerßen (Senior Associate, Corporate | M&A, Düsseldorf), Dr. Fleur Johanna Prop, LL.M. (Senior Associate, Dutch Desk, Corporate | M&A, Düsseldorf) and Pia Knauf, LL.M. (Associate, Corporate | M&A, Düsseldorf)

About b+m Informatik AG

B+m Informatik AG has been advising and supplying banks and insurance companies with consulting and software for more than 20 years. The company, headquartered in Melsdorf, employs around 90 people and operates in the DACH area. The focus of the banking segment is active business, with an application for advising and processing any credit support programs – fully integrated into the system landscape of a credit institution. The insurance area offers solutions for composite stock management, components for sales platforms as well as special solutions in the bAV segment. The technical core expertise of b+m Informatik is the engineering department, which is particularly active in the field of model-driven software development.

About engram GmbH

With its headquarters in Bremen, engram GmbH has been well-positioned in the software and IT market since 1990 and employs around 45 people. The company provides innovative software product solutions and consulting services for the financial services and hospitality market. Next to solutions for digital learning to support personnel development and change management processes, the product portfolio includes various innovative multichannel marketing products. engram is a certified development partner of the data processing center of the savings bank organization and, with its front-end expertise focusing on customer & user engagement, complements the specialist and technical skills of b+m.

About Main Capital

Main Capital is a private equity and Mezzanine Capital investor with an exclusive focus on the software sector in the Benelux and DACH area. Within this sector, Main Capital is the most specialized company in management buyouts and later-stage growth capital. Main Capital has approximately € 375 million under management for investments in mature but growing software companies in the Benelux and DACH area. An experienced team of professionals manages the Private Equity Funds.

In the current portfolio of Main Capital are rapidly growing (SaaS) software companies like Verklizan, Inergy, MUIS Software, Artegic (Germany), OBI4wan, Axxerion, b+m Informatik (Germany), Ymor, Roxit, OnGuard, Sharewire, SecondFloor, ABIT/EuroSystems (Germany), Sofon, Connexys, Regas, ChainPoint, RVC and TPSC. Main Capital realised many successful exits. The Mezzanine Capital group granted loans to e.g. The Valley, Travel Bird, Talkwalker and Worldmeetings.

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