McDermott Advised Main Capital Partners on the Acquisition of German Government Software Leaders, MACH AG
Düsseldorf, 15 September 2020 – McDermott advised Main Capital Partners on the acquisition of MACH AG, a market leading software vendor for the German government sector. The founding family Müller-Ontjes remains on board as active owner. The joint strategy will focus on extending the company’s product and technology offering by further expanding through both organic and new initiatives.
MACH AG, founded in 1985 and headquartered in Lübeck, Germany, is specialized in the digitization of public administration. The company offers software, consulting and hosting services for more than 100,000 users in federal and state authorities, municipalities, church administrations, teaching and research institutions, as well as non-governmental organizations. With more than 400 employees MACH AG, achieves €44 million in revenues.
Main Capital Partners is a strategic investor with focus on the software sector in the Benelux, DACH and Nordics, with offices in The Hague, Düsseldorf and Stockholm. With a long term horizon around successful partnerships with management teams, the company aims on building larger software groups together. Main Capital Partners has approximately €1 billion in assets under management for investments in mature and growing software companies.
McDermott and the team around financing specialist Dustin Schwerdtfeger have previously advised Main Capital Partners on acquisition financing. But this transaction is their first M&A transaction as lead counsel. Main Capital Partners relied on the experienced team around private equity specialist Norman Wasse, who regularly advises transactions in the IT/software sector, most recently Investcorp Technology Partners on the acquisition of Contentserv-Group and the cybersecurity company Avira.
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