GCA becomes part of Houlihan Lokey


Transaction Details

July 31, 2020


Technology, Software

Deal Type

Mergers and Acquisitions

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GCA Advises Landwehr on Its Merger with Prosoft Group

GCA has advised LANDWEHR Group, a LEA Partners portfolio company, on its merger with Prosoft Group to form the market leader in HCM software for temporary staffing companies in Germany. In addition, Prosoft’s recruiting software will strengthen LANDWEHR’s product portfolio in the key strategic area of recruiting, creating added value and a further competitive advantage for customers. The shareholders of Prosoft will continue to hold shares in the new group.

Prosoft, founded in 1984 and based in Germany, is a software provider for temporary staffing companies. The company has 70 employees and a strong market position, and in 2017 it extended its product portfolio through the recruiting software prosoftrecruiting©.

LANDWEHR was founded in 1994 and employs 260 people. The firm develops and distributes HCM software with a focus on temporary staffing and facility services companies. With more than 3,200 customers, the newly formed group is considered the clear market leader in Germany.

GCA advised LANDWEHR on a tailor-made debt financing. The advice covered all commercial aspects of the acquisition financing and secured – based on a comprehensive selection process involving several financing options – a competitive financing package.

Sebastian Müller, Founder of LEA Partners, said: “The investment in LANDWEHR is another example of our dedicated investment focus on software companies with leading market positions, high degrees of recurring revenues and value generation opportunities through strategic change. Following the acquisition of Rhb Software in November 2019, the merger with Prosoft now represents an important milestone within this strategy.”

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