Herter & Co. advises Rivean Capital on the financing of the acquisition of Dataciders GmbH (“Dataciders”), one of the leading providers of data and analytics services in Germany. The IT specialist enables companies to efficiently collect data across multiple domains and utilize it to make intelligent decisions. The goal of the partnership is to provide the group with capital and strategic expertise for the next phase of its growth and to establish it as the segment leader in the German-speaking region (DACH). The European investment company Rivean Capital acquires Dataciders GmbH together with the management, from funds advised by AUCTUS Capital Partners AG.
Herter & Co. coordinated a competitive process and structured an overall financing package of more than €100m which was ultimately underwritten by Partners Group, the international Swiss private debt fund manager. The financing package includes an unitranche facility as well as committed add-on acquisition facilities to support the group’s organic and inorganic growth going forward.
„Once again, Herter & Co. have structured an attractive financing package within a tight timeline which significantly contributed to a successful SPA signing before the end of this year. The comfort we have experienced through the highly involved and coordinated Herter & Co. process allowed us to focus on the due diligence and negotiations with the management and sellers“, says Matthias Wilcken, Senior Partner at Rivean Capital.
Herter & Co. is acting as Sole Debt Advisor to Rivean Capital in this transaction. Herter & Co. is a Teneo Company.
Headquartered in Dortmund, Germany, Dataciders is a group of companies specializing in IT services. With over 500 employees, the group focuses on end-to-end data and analytics solutions. Dataciders offers a broad range of services, including data strategy, data science, preprocessing of data for AI applications, software engineering, data management, business intelligence and analytics. Dataciders grew out of QuinScape GmbH, which was acquired in 2019 by investment funds advised by AUCTUS Capital Partners AG. Since then, the group has developed into a leading data and analytics service provider in Germany. The group is expected to generate revenues of around €70m this year. Dataciders’ customer base includes numerous DAX 40 companies and large SMEs from various industries, such as BMW, Bayer, and Sparkassen-Finanzgruppe, the finance group for Germany’s savings bank network.
Rivean Capital is a leading European private equity investor in mid-market transactions with operations in the DACH region, Benelux and Italy. Rivean Capital manages funds in excess of €5bn and has offices in Frankfurt, Zurich, Amsterdam, Brussels and Milan. Since its inception in 1982, Rivean Capital has supported more than 250 companies in realizing their growth ambitions.
