Lincoln International advised founders in the sale of a majority stake in gastromatic to The Riverside Company

Founders have sold a majority stake in gastromatic to The Riverside Company.

gastromatic is a leading German HR-Software company. The firm serves shift-based industries through a multifunctional Software as a Service product suite. The products deliver a multitude of management tools across the entire employee life cycle, ranging from onboarding, digital employee management, automated workforce scheduling, demand forecasting and time tracking to payroll orchestration. The product is delivered through a proprietary, multi-tenant cloud-based software platform. The company was founded in 2014 by five shareholders who continue to run the business successfully.

The Deal
The shareholders of gastromatic appointed Lincoln International as exclusive advisor to generate a new majority shareholder. The purpose of the transaction was to provide liquidity to the founders, and generate capital to further accelerate customer acquisition, enter new customer segments as well as consolidate the market. Lincoln International’s highly relevant and successful software transaction experience paired with deep expertise in the HR sector resulted in a short, highly organized and very competitive process. The process was supported by Lincoln International’s entire cross-border Technology, Media & Telecom (TMT) Group to reach a global array of potential acquirers.

Our Perspective
Lincoln International designed a highly dense process with favorable competitive dynamics creating overwhelming interest and resulting in several strong indications of interest. Johannes Bräutigam, Managing Director in Lincoln International’s TMT Group, commented, “The HR software market continues to be a very attractive high-growth sector with strong consolidation potential across Europe. It was an absolute pleasure to work with the founders of gastromatic, and we congratulate the founders as well as The Riverside Company on this great transaction.”

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