PE Deals

Sobera Capital exits TM3 Software to Elvaston-backed proLogistik

TM3 offers professional logistics software for small and medium-sized companies.

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  • Sobera Capital divested from S-Refit EFRE Fonds Bayern which had been invested in TM3 since a combined secondary/Series A transaction in 2011
  • The deal generated a multiple of over 17x on the investment
  • proLogistik acquired 100% of the shares from existing shareholders as part of its buy-and-build strategy

Sobera Capital announced its exit from TM3 Software to Elvaston-backed proLogistik.

TM3, headquartered in Regensburg, offers professional logistics software for small and medium-sized companies. Sobera Capital divested from S-Refit EFRE Fonds Bayern which had been invested in TM3 since a combined secondary/Series A transaction in 2011.

The deal generated a multiple of more than 17x on the investment.

ProLogistik is a Dortmund-based warehouse management systems provider in the DACH region. It employs over 304 people across eight locations. The company is backed by Elvaston Capital Management, a Berlin-based private equity firm that invests in enterprise software companies.

Sobera is a Berlin-headquartered private equity firm that focuses on secondary direct transactions if portfolios of company interests. The firm also covers selected single asset and LP acquisitions. Sobera targets European growth and small-cap funds and assets across the ICT, industrial technologies and healthcare & life sciences sectors with transaction sizes of up to €50 million.