Houlihan Lokey Advises Solvares
Houlihan Lokey is pleased to announce that Solvares Group (Solvares), a portfolio company of Deutsche Beteiligungs AG (DBAG), has agreed to receive an investment from Five Arrows Principal Investments (Five Arrows).
Solvares Group (Solvares or the company), the leading German provider of field service management, field sales management, and transport management and logistics solutions, today announced that it agreed to receive an investment of a material equity stake by Five Arrows, the alternative assets arm of Rothschild & Co. Five Arrows targets category‑leading B2B data and software sectors across a focused set of end markets including field service and logistics. The company’s current owner, DBAG ECF III, a fund advised by DBAG, together with DBAG itself, will maintain a significant equity stake in Solvares and look forward to supporting the next phase of Solvares’ growth journey in close partnership with Five Arrows. Financial terms of the transaction were not disclosed.
Solvares provides industry-leading software to help its customers plan, manage, and optimise their field service and maintenance, sales, and transport logistics. Sitting at the centre of resource and mobility management, Solvares’ platform of solutions helps more than 3,000 customers in 45 countries solve complex use cases through proprietary algorithms and best-of-breed technology, thereby delivering tangible efficiency savings for field-centric organisations while significantly reducing resource consumption and CO2 emissions.
The Solvares Group is the European champion for resource optimisation along the entire value chain. Solvares’ portfolio includes solutions for the entire supply and service chain, from transport logistics to sales to field service. The business focus is always on intelligent resource and process optimisation through best-of-breed solutions for customers.
The Solvares Group was formed in 2018 with the acquisition of FLS GmbH. The expansion with impactit GmbH from Vienna, Städtler Logistik GmbH from Nuremberg, and Opheo Solutions GmbH from Hamburg in 2021 created a market leader for resource optimisation in Europe. In June 2022, mobileX AG from Munich joined as the fifth company. The group employs 339 people across five countries. Solvares is headquartered in Heikendorf, Germany.
Five Arrows is the alternative assets arm of Rothschild & Co. and has €26 billion of assets under management with offices in Paris, London, New York, Los Angeles, San Francisco, and Luxembourg.
Deutsche Beteiligungs AG (DBAG) has been listed on the Frankfurt Stock Exchange since 1985 and is one of the most renowned private equity firms in Germany. DBAG Group’s assets under management or advisory amount to approximately €2.6 billion.
Houlihan Lokey served as exclusive financial advisor to Solvares, supporting all relevant aspects of the transaction, including marketing, structuring of a highly competitive process, coordination of due diligence, and negotiating key deal terms. This transaction cements Houlihan Lokey’s position as one of the leading advisors in the FSM space.
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About Houlihan Lokey
Houlihan Lokey, Inc. (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and financial and valuation advisory. Houlihan Lokey serves corporations, institutions, and governments worldwide with offices in the Americas, Europe, the Middle East, and the Asia-Pacific region. Independent advice and intellectual rigor are hallmarks of the firm’s commitment to client success across its advisory services. The firm is the No. 1 investment bank for all global M&A transactions, the No. 1 M&A advisor for the past nine consecutive years in the U.S., the No. 1 global restructuring advisor for the past ten consecutive years, and the No. 1 global M&A fairness opinion advisor over the past 25 years, all based on number of transactions and according to data provided by LSEG (formerly Refinitiv).