Advised the shareholders of intive, a leading European provider of next-generation software development services, on its sale to Mid Europa
Dec 2018
(a portfolio company of Enterprise Investors)
acquired by
  • Sector: Digital, IT & Tech Services; Fintech, WealthTech & InsurTech
  • Deal Type: Private Equity Deals
  • Engagement type: Sellside
  • Size: <$200m
Scroll

Arma Partners is pleased to announce that it has acted as exclusive financial advisor to the shareholders of intive S.A., a portfolio company of Enterprise Investors, on its sale to Mid Europa Partners.

Headquartered in Germany, intive is one of Europe leading independent providers of next-generation software development services, assisting clients with their digital transformations. Using agile teams working across Poland, Germany and Argentina, the company offers a unique blend of onshore and nearshore capabilities to achieve an optimal balance of cost effectiveness and client proximity. Providing a full suite of product design and deep technology competencies, intive is at the forefront of the digital revolution shaping several industries, from autonomous vehicles to mobile banking.

The transaction demonstrates Arma Partners‚ ability to work with international clients and counterparties and underscores the firm‚ domain expertise in technology-enabled business services

-Headquartered in Munich, intive is one of Europe’s leading independent providers of next-generation software development services, assisting clients with their digital transformations with a particular strength in the financial services and automotive sectors

-The company provides a full suite of product design and deep technology competencies, including business/ experience design, mobile/ enterprise application development, cybersecurity and cognitive products

-intive uses agile development teams working across Poland, Germany and Argentina, creating a unique blend of onshore and nearshore capabilities to achieve an optimal balance of cost effectiveness and client proximity

-Mid Europa was founded in 1999, with offices in Warsaw, London, Budapest, and Istanbul

-The fund focuses on investments in Central and Eastern Europe across several industry verticals, with the current portfolio including media, retail, energy, healthcare, technology and transportation investments

-Mid Europa has raised approximately €5.2 billion since inception, with the firm currently investing from Mid Europa Fund IV, a €800 million fund raised in 2014

-intive is well positioned to capitalise on increasing corporate demand for high-end digital transformation capabilities, as all industry verticals become ever-more reliant on software

-Mid Europa will help the company pursue various organic growth opportunities, including scaling the delivery platforms, investing further in domain-specific expertise in growth verticals and internationalisation into new geographies

-Mid Europa will also support intive in pursuing acquisitions to broaden its footprint and capabilities in a fragmented market

-Arma actively supported intive’s private equity owners (Enterprise Investors) and the management team in positioning intive’s equity story and future growth strategy, preparing for counterparty meetings and Q&A, as well as advising on deal tactics and leading negotiations

-Arma designed and executed a full sell-side process, including a detailed preparation phase followed by focused buyer outreach and two-stage execution phase

-The transaction demonstrates Arma Partners’ ability to work with international clients and counterparties on cross-border M&A, and underscores the firm’s domain expertise in technology-enabled business services