Transaction Details

June 28, 2019


Technology, Software, AI (Artificial Intelligence), Tech-Enabled Services, Business Services

Deal Type

Mergers and Acquisitions

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GCA Advises Deutsche Beteiligungs AG Fund VII on the Acquisition of Catalysts

GCA advised Deutsche Beteiligungs AG Fund VII, advised by Deutsche Beteiligungs AG, on the acquisition of Catalysts GmbH, a leading provider of agile software development services. Deutsche Beteiligungs AG Fund VII has also acquired a majority stake in Crisp Research AG, an IT research and consulting company specializing in cloud computing, via a management buyout and is combining the two companies to form Cloudflight, a unique IT services company focusing on digitization and cloud transformation.

Cloudflight will provide a new type of digital service, supporting SMEs, public authorities and enterprise customers in implementing and accelerating their digital transformation. Cloudflight’s software and cloud experts will provide comprehensive support to customers, from strategic digital consulting and platform and architecture design to software development and uninterrupted cloud operation. Catalysts is contributing its software development expertise to the group while Crisp Research, with its team of experienced digital strategists and cloud architects, provides customers with technology-independent consulting services. Both companies boast long-standing customer relationships, strong growth and high levels of expertise in cloud computing, IoT and artificial intelligence.

"Established providers of software and IT services offer significant potential for growth and value appreciation,” Torsten Grede, spokesman of Deutsche Beteiligungs AG’s Management Board, commented. “What convinced us was, above all, the team's entrepreneurial vision, together with strong growth momentum in the market environment Cloudflight is operating in."

Lucas Herbert, Managing Director of Deutsche Beteiligungs AG, commented: “We are delighted to unlock the full growth potential of these unique businesses in the next years. We firmly believe in the continued success of these excellent companies, and we look forward to partnering with their entrepreneurial management teams to further develop the businesses."

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