Main Capital makes second platform deal in DACH region with Cisbox

Cisbox is a German cloud and AI-based procure-to-pay (P2P) software provider.

  • Cisbox is based in Solingen
  • Main is a software investor in the DACH, Benelux, the Nordics, and the US
  • The firm manages over €2.2bn in assets

Main Capital Partners has acquired a majority stake in Cisbox, a German cloud and AI-based procure-to-pay (P2P) software provider.

Solingen-based Cisbox has a market position in the DACH-region, particularly in services, healthcare, and hospitality industries.

Main will support Cisbox in its next growth phase through both organic and inorganic strategic initiatives, according to a release.

Cisbox is Main’s second platform investment in the DACH-region in 2024.

Stephan Kern and Sebastian Mehrle, founders at Cisbox, will remain significantly reinvested in the company.

Besides organic growth initiatives, strategic add-on acquisitions will also be a growth strategy to complement the product and services portfolio, broadening the geographical footprint as well as consolidating the market position, the release added.

“Cisbox is clearly a winner in the P2P software market, has seen its recurring revenues growing at a CAGR north of 20 percent and will strongly benefit from regulatory tailwinds, such as e-invoicing and Peppol,” said Dorian Berndt, investment director at Main Capital. The firm’s “focused organic growth initiatives coupled with a selective buy-and-build strategy will result in an improved value proposition towards existing and new customers”.

Main is a software investor in the DACH, Benelux, the Nordics, and the US. With offices in the Hague, Düsseldorf, Stockholm, Antwerp and Boston, it manages over €2.2 billion in assets.

No financial details of the transaction were disclosed.