18 December 2023
Strategic partnership for continued growth
• The IT specialist enables companies to efficiently collect data across multiple domains and utilize it to make intelligent decisions
• The smart management and effective utilization of data are critical to corporate competitiveness
• Data is the foundation for digital innovation and AI applications
Dortmund/Frankfurt – Rivean Capital, a European private equity firm, and the management team of Dataciders GmbH are acquiring the latter from investment funds advised by AUCTUS Capital Partners AG. Dataciders is 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).
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. In the most recent Lünendonk List , Dataciders ranked second among data and analytics specialists in the DACH region.
Strengthening Germany’s digital competitiveness
“Dataciders’ vision is that no one will have to make bad business decisions anymore. Instead, data and analytics will provide a solid foundation for business success,” says Dr. Gero Presser, CEO and co-founder of Dataciders. “Current studies show that Germany continues to fall behind globally with its digital infrastructure. In the IDM World Competitiveness Ranking, for instance, our country has fallen to 49th place in the data & analytics category. Dataciders wants to help strengthen our digital competitiveness and get Germany back into the top 10.”
“We see our partnership with Rivean Capital as the next logical step forward in our growth story,” he adds. “Together with Rivean, we want to become the leading player in the German, Austrian, and Swiss markets and continue to expand our domain knowledge and technological capabilities.”
“As data plays a key role in the digital transformation and for innovation processes, it has become a kind of currency. Dataciders makes it possible to manage data intelligently and utilize it effectively, which are key competitive factors for today’s companies,” says Matthias Wilcken, Senior Partner at Rivean Capital. “We believe that Dataciders has a strong positioning with deep domain and sector knowledge to benefit from a fast-growing market.”
“Together with the Dataciders’ management team, we plan to actively shape the next growth phase of the group,” adds Daniel Geiger, Partner at Rivean Capital. “This includes the continuation of ongoing integration efforts, further strengthening the sales team and technology partnerships, as well as inorganic growth through further add-on acquisitions.”
Customers include DAX 40 companies and large SMEs
Dataciders grew out of QuinScape GmbH, which was acquired in 2019 by investment funds advised by AUCTUS Capital Partners AG. Since then, the group developed into a leading data and analytics service provider in Germany. The group is expected to generate revenues of around €70 million 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.
The parties have agreed not to disclose the purchase price of the transaction. The transaction remains subject to standard conditions, including anti-trust approval. Closing of the transaction is planned for January 2024.
Dataciders (www.dataciders.com) 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 the management team 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 in mid-market transactions with operations in the DACH region, Benelux and Italy. Rivean Capital has assets under management in excess of €5bn and offices in Amsterdam, Brussels, Frankfurt, Zurich and Milan. Since its inception in 1982, Rivean Capital has supported more than 250 companies in realizing their growth ambitions.
Further information at www.riveancapital.com
About AUCTUS
With more than 400 transactions completed since 2001, AUCTUS is the leading private equity investor for European SMEs. AUCTUS focuses on taking controlling interests in companies with annual revenues of €10–150 million within the scope of succession solutions, buy-and-build concepts, and corporate carve-outs. The company has more than 35 experienced investment specialists currently looking after 47 platform investments from diverse segments and with total annual revenues of over €2 billion.
Further information at www.auctus.com
Contact for the media:
Dataciders
Carmen Radeck
carmen.radeck@dataciders.com
Rivean Capital
Maikel Wieland (Head of Investor Relations)
m.wieland@riveancapital.com
AUCTUS
Judith Vosdellen
vosdellen@auctus.com