PE Deals

Verdane picks up 5 German tech companies from HQ Equita

Ebertlang is a pan-European cybersecurity and infrastructure software distributor.

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  • This acquisition is Verdane’s 19th investment in the DACH region
  • HQ Equita is an investment firm based in Bad Homburg, Germany
  • Verdane is a growth investment firm

Verdane has acquired five German tech companies: Ebertlang, Muegge, R2p-Group, Indevis and The Packaging Group (TPG). The seller is HQ Equita.

HQ Equita will continue to operate independently, supporting the five companies in partnership with Verdane, who will join the board of each company.

This acquisition is Verdane’s 19th investment in the DACH region and follows the opening of Verdane’s second office in Germany earlier this year.

The transaction provides liquidity to LPs and continuity for HQ Equita, along with value creation plans, strategy roadmaps and follow-on capital for each of the five companies and their management teams, according to a release.

Verdane and HQ Equita will work together to scale these assets and plan to explore future M&A opportunities for continuous international growth beyond the DACH region, the release said.

“This is a perfect ‘Verdane portfolio deal’ in the sense that we worked closely with multiple stakeholders: HQ Equita, its longstanding LP base, and the management teams of each individual company in the portfolio,” said Emanuel Johnsson, partner at Verdane.

Wetzlar-based Ebertlang is a pan-European cybersecurity and infrastructure software distributor.

Reichelsheim-based Muegge is an industrial technology provider of plasma and microwave technologies for end markets.

R2p-Group is a supplier of intelligent technology systems for public transport. It is based in Flensburg.

Indevis is a cybersecurity provider based in Munich.

TPG develops packaging technology that helps customers switch from plastic to sustainable paper packaging. It is based in Lindlar.

Verdane is a growth investment firm with offices in Berlin, Copenhagen, Helsinki, London, Oslo, and Stockholm.

HQ Equita is an investment firm based in Bad Homburg, Germany.

No financial details of the transaction were disclosed.

Fairview Capital Group acted as exclusive financial advisor to the transaction. Milbank acted as legal advisor to Verdane. Clifford Chance acted as legal advisor to HQ Equita Fund V.