Swiss IT Security acquires majority stake in ExpertCircle
Pfäffikon (Switzerland)/Frankfurt — Swiss IT Security AG, a company of the Ufenau Capital Partners investor group, has acquired a majority stake in the German IT company ExpertCircle GmbH. The group, which operates in the field of IT security, is thus further establishing itself in Germany.
Ufenau Capital Partners was comprehensively legally advised on the transaction by a Bryan Cave Leighton Paisner M&A team in Frankfurt led by Frankfurt Managing Partner Dr. Tobias Fenck. BCLP had already advised Ufenau on the acquisition of Wiesbaden-based IT service provider alphaBit by Swiss IT Security in January 2018.
ExpertCircle, with locations in Mogendorf (headquarters) and Bonn, is a Germany-wide IT company in the field of IT security and compliance for IT high security customers. In particular, the company offers consulting and services with a focus on managed services and cloud & enterprise security. ExpertCircle employs over 40 people and serves both private and public sector companies.
For Swiss IT Security, the majority stake in ExpertCircle is already the third acquisition within 8 months, following the takeover of execure in October 2017 and alphaBit in January 2018. The acquisitions have greatly expanded the Group’s market position in the DACH region. The current group is planning sales of over CHF 30 million Swiss francs for 2018 and employs more than 200 people. Growth is to be further promoted in the coming months through strategic acquisitions in order to benefit from far-reaching synergies.
Swiss IT Security is currently in talks with numerous companies in Germany, Austria and Switzerland with a view to further expanding the IT Security Group.
About Ufenau Capital Partners
Ufenau Capital Partners is a Swiss-based investor group focused on majority investments in service companies in the D/A/CH region active in the Business Services, Education & Lifestyle, Healthcare and Financial Services sectors. Ufenau Capital Partners is regularly advised on its transactions by the team led by BCLP partner Dr. Tobias Fenck.
Advisors to Ufenau Capital Partners: Bryan Cave Leighton Paisner, Frankfurt
Dr. Tobias Fenck, Managing Partner (Lead Partner, Corporate, M&A, Private Equity)
Christian Müller, Associate (Corporate, M&A, Private Equity)
Markus Beyer, Associate (Corporate, M&A, Private Equity)
Michael Magotsch, Of Counsel (Labor Law)
Dominik Weiss, Counsel (IP/IT)
About Bryan Cave Leighton Paisner LLP
Bryan Cave Leighton Paisner LLP is an international business law firm with 1400 lawyers in 32 offices in North America, Europe, the Middle East and Asia. The fully integrated global law firm offers its clients comprehensive legal advice whenever and wherever it is needed, with practice and industry teams with excellent international networks. In Germany, Bryan Cave advises Leighton Paisner with offices in Frankfurt am Main and Hamburg, particularly in the areas of M&A, real estate law, banking and financing law, litigation as well as private equity and venture capital. With a clear focus on innovative advisory services and long-term client relationships, Bryan Cave Leighton Paisner provides world-class service to its clients as a global team.