Dortmund/Frankfurt, December 18, 2023. European private equity firm Rivean Capital acquires Dataciders GmbH together with the management from funds advised by AUCTUS Capital Partners AG. Dataciders is one of the leading providers of data & analytics services in Germany. The IT specialist enables companies to efficiently collect data in a wide range of areas and derive smart decisions from it. The aim of the partnership is to support the group with capital and strategic expertise in the next phase of growth and to establish the company as the leading specialist in this field in the German-speaking region.
Dataciders is a group of companies specializing in IT services with headquarters in Dortmund and over 500 employees in Germany. Specializing in end-to-end data and analytics solutions, Dataciders offers a wide range of services including data strategy, data science, data preparation for artificial intelligence applications, software engineering, data management, business intelligence and analytics. In the recently published Lünendonk list1 Dataciders is ranked second among the specialists for "Data & Analytics" in German-speaking countries.
Strengthening Germany's digital competitiveness
"Dataciders' vision is that no one will ever have to make bad business decisions again, but that data analysis will provide the appropriate basis for business success," says Dr. Gero Presser, CEO and co-founder of Dataciders. "According to current studies on digital infrastructure, Germany is falling further and further behind worldwide. For example, the IDM World Competitiveness Ranking puts our country in 49th place in the area of data & analytics. Dataciders wants to help strengthen our digital competitiveness and bring Germany back into the top 10."
"We see the partnership with Rivean Capital as the logical next step in our growth story," added Gero Presser. "Together with Rivean, we want to become the clear leader in Germany, Austria and Switzerland over the next five years and further expand our professional and technical expertise."
"Data plays a key role in digitalization and innovation and is rightly regarded as a kind of currency today. The intelligent management and effective use of data, as enabled by Dataciders, are crucial competitive factors for companies today," says Matthias Wilcken, Senior Partner at Rivean Capital. "We are convinced that Dataciders with its broad, application-oriented focus will continue to benefit above average from the strong market growth."
"Together with the management, we plan to actively shape the next growth phase of Dataciders," adds Daniel Geiger, Partner at Rivean Capital. "This includes an even stronger integration of parts of the company into the group, the further strengthening of the sales team and technology partnerships as well as inorganic growth through acquisitions."
Well-known major customers and SMEs
Dataciders emerged from QuinScape GmbH, which developed into one of the leading providers of data and analytics in Germany following its acquisition by funds advised by AUCTUS Capital Partners AG in 2019. Sales of around EUR 70 million are expected for the current year. Dataciders' customers include numerous large corporations and well-known SMEs from various industries, including BMW, Bayer and the Sparkassen-Finanzgruppe.
The parties have agreed not to disclose the purchase price of the transaction. It is subject to the usual conditions, including approval by the competition authorities. The acquisition is expected to be completed in January 2024 (closing).
Dataciders is currently Rivean Capital's fifth platform investment in Germany alongside Green Mobility Holding, ]init[ AG für digitale Kommunikation, Best4Tires and TonerPartner.
Rivean was advised by Paul Hastings (Legal), CODEX Partners (Commercial), Alvarez & Marsal (Financial, Tax) and Herter & Co (Debt Financing Advisor). AUCTUS and management received support from RSM Ebner Stolz (Legal, Tax), KPMG (Financial), Altman Solon (Commercial) and Houlihan Lokey (Transaction Advisor).
About Rivean Capital:
Rivean Capital is a leading European private equity investor for mid-market transactions with activities in the DACH region, the Benelux countries and Italy. Funds advised by Rivean Capital manage over €5 billion in assets. Since its foundation in 1982, Rivean Capital has supported more than 250 companies in realizing their growth targets.
Further information can be found at www.riveancapital.com
About AUCTUS:
With more than 400 transactions since 2001, AUCTUS is the leading investment company for European SMEs. The investment focus of AUCTUS is on majority investments in companies in the context of succession solutions, industry concepts and group spin-offs with an annual turnover of between EUR 10 and 150 million. The more than 35 experienced investment experts currently manage 47 platform investments from various sectors of the economy, which together generate an annual turnover of more than EUR 2 billion.
Further information can be found at www.auctus.com
Media contact Dataciders
Carmen Radeck
carmen.radeck@dataciders.com
Media contact Rivean Capital
Maikel Wieland (Head of Investor Relations)
m.wieland@riveancapital.com
Media contact AUCTUS
Judith Vosdellen
vosdellen@auctus.com
