Carlyle to buy GBTEC from Main Capital Partners

GBTEC is a BPM and GRC software provider.

  • Gregor Greinke, GBTEC’s founder and CEO, will remain the largest private shareholder
  • The equity for the investment will be provided by CETP V
  • Main invested in GBTEC in 2019

Carlyle Group will acquire a majority stake in GBTEC Software, a business process management (BPM) and governance, risk and compliance (GRC) software provider, from Main Capital Partners.

GBTEC is based in Bochum, Germany.

Gregor Greinke, GBTEC’s founder and CEO, will remain the largest private shareholder and CEO.

Marc-Oliver Stromberg, co-founder of GBTEC, and the extended management team will reinvest for significant stakes in the company.

“GBTEC is well placed to benefit from one of the most important technology trends, digital transformation and specifically, the automation of business processes,” said Michael Wand, MD and co-head of the CETP investment advisory team.

The equity for the investment will be provided by CETP V, a €3 billion fund which invests in technology companies across Europe.

Carlyle will work with GBTEC’s management team to accelerate its international expansion and develop its product portfolio, particularly in digital process automation, according to a release. The company plans to make significant investments particularly in sales and marketing and artificial intelligence, the release added.

Main invested in GBTEC in 2019.

Carlyle is a global investment firm headquartered in Washington DC.

Main is a software investor in the Benelux, DACH and Nordic regions, and in the US. Based in the Hague, it has more than €2.2 billion in assets under management.

No financial details of the transaction were disclosed.