transaction advice


Deloitte Legal advises Main Capital Partners in acquiring a majority stake in HYPE Innovation

A Deloitte Legal team led by Dusseldorf-based Corporate/M&A-Partner Felix Felleisen has advised Main Capital Partners, a European private equity investor with an exclusive focus on the software industry, in the acquisition of a majority stake in HYPE Innovation, a leading provider of enterprise innovation software located at Bonn, Germany.

HYPE Innovation as one of the world leading players in this field provides software and services for idea and innovation managers to use the collective intelligence of employees, customers, and partners, thereby helping its customers to generate additional revenue, become more efficient, improve processes, and to empower and connect people, so as to master the digital transformation.

Looking forward, Main Capital will actively support HYPE Innovation in maintaining its strong growth momentum by further internationalizing the business and extending the value proposition for its customers. Besides organic growth initiatives, strategic add-on acquisitions will be an important pillar of the joint growth strategy to complement the innovative product and services portfolio, further broaden the geographical footprint as well as consolidate the strong market position.

Deloitte Legal Germany have advised us on numerous deals, in particular growth investments in software companies in Germany, mostly connected with reinvestments by management and/or founders” says Sven van Berge Henegouwen, Partner at Main Capital. “Their skillful team, led by Düsseldorf-based lawyers Felix Felleisen and Max Lüerßen, combines its great expertise with a sound commercial acumen and a very high level of dedication. Also, they are great team players who happily adapt to the requirements of each project and work very efficiently. This was key for the present transaction, which was characterized by having to cope with several stakeholders and very tough timelines.


Advisors to Main Capital Partners:

Deloitte Legal: Felix Felleisen (Partner, Dutch Desk, Corporate | M&A, Dusseldorf, Lead), Max Lüerßen (Counsel, Corporate | M&A, Dusseldorf, Co-Lead), Frauke Heudtlaß (Partnerin, Employment Law, Dusseldorf), Dr. Fleur Johanna Prop, LL.M. (Counsel, Dutch Desk, Corporate | M&A, Dusseldorf); Pia Knauf, LL.M. (Senior Associate, Corporate | M&A, Dusseldorf), Alexander Roehl, LL.M. (Associate, Corporate | M&A, Dusseldorf).

About Hype

Founded as DaimlerChrysler spin-off in 2001, HYPE Innovation has grown to a leading software specialist in the fast-growing enterprise innovation software market, providing software that helps companies connect people with ideas, to drive innovation and transformation forward. With its approx. 120 employees, HYPE Innovation’s offering supports customers harnessing the collective intelligence of employees, customers, and partners by collecting and managing ideas and turning them into business cases. The company currently serves a well-diversified and global blue-chip customer base with 220+ customers across various industries.

About Main Capital

Main Capital is a strategic investor with an exclusive focus on the software sector in the Benelux, Germany and Scandinavia. Within this sector, Main Capital Partners are the most specialized party in management buy-outs and later-stage growth capital. Main Capital has approximately € 400 million under management for investments in mature but growing software companies in Europe. An experienced team of professionals manages these Private Equity funds from offices in The Hague and Dusseldorf.

In addition to HYPE, the current investment portfolio of Main Capital consists of growing (SaaS) software companies such as Enovation, SDB Ayton, GOconnectIT, JobRouter (Germany), Inergy, MUIS Software, artegic (Germany), OBI4wan, Axxerion, b+m Informatik (Germany), engram (Germany), Ymor, Roxit, Onguard, Sharewire, SecondFloor, Sofon, ChainPoint and cleversoft (Germany). Main Capital also has an interest in managed hosting provider Denit. Main Capital has a long-term perspective with the intention to build larger strong software groups. Former successful Main Capital group companies include among others Roxit, Axxerion, and Regas.

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