GCA Altium advises LANDWEHR on its merger with prosoft Group
GCA Altium has advised LANDWEHR Group, a LEA Partners portfolio company, on its merger with prosoft Group to form the clear market leader in HCM software for temporary staffing companies in Germany. In addition prosoft’s recruiting software will strengthen LANDWEHR’s product portfolio in the key strategic area of recruiting, creating decisive added value and a further competitive advantage for customers. The shareholders of prosoft will continue to hold shares in the new group.
prosoft, founded in 1984 and based in Regensburg, Germany, is a software provider for temporary staffing companies with 70 employees and a strong market position behind market leader LANDWEHR. In 2017 prosoft extended its product portfolio through the recruiting software prosoftrecruiting©.
LANDWEHR was founded in 1994 and employs 260 people. The firm develops and distributes HCM software with a focus on temporary staffing and facility services companies. With more than 3.200 customers, the newly formed group is considered the clear market leader in Germany.
GCA Altium advised LANDWEHR on a tailor-made debt financing. The advice covered all commercial aspects of the acquisition financing and secured – based on a comprehensive selection process involving several financing options – a competitive financing package.
Sebastian Müller, Founder of LEA Partners, said: “The investment in LANDWEHR is another example of our dedicated investment focus on software companies with leading market positions, high degrees of recurring revenues and value generation opportunities through strategic change. Following the acquisition of rhb Software in November 2019, the merger with prosoft now represents an important milestone within this strategy.”
Thorsten Weber, Managing Director at GCA Altium, commented: “We are delighted to have acted as debt advisor on this transaction. While the selected financing should allow a maximum of flexibility, it likewise reflects the extraordinary growth potential and supports the further buy and build strategy of the group.”
GCA Altium is the European business of GCA, a global investment bank that provides strategic M&A and capital markets advisory services to growth companies and market leaders. The firm offers worldwide coverage with over 500 employees in 25 offices across America, Asia and Europe. Built by the people that run the business, GCA is a firm of experts who focus on deals that require commitment, original perspective, skill and exceptional networks.
For further information about GCA Altium, please visit www.gcaaltium.com