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AUCTUS enters into a definitive agreement to sell their stake in Dataciders
Dataciders aims to become the leading data and analytics service provider in the DACH region with the support of a new partner.
Dortmund/Frankfurt, December 18, 2023 – Funds advised by AUCTUS Capital Partners AG have entered into a definitive agreement to sell their stake in Dataciders GmbH to a new strong partner. Dataciders is one of the leading providers of data & analytics services in Germany. The IT specialist enables companies to efficiently collect data across multiple domains and utilize it to make intelligent decisions. The Group’s growth trend during the investment by AUCTUS is now set to enter the next phase together with another strong partner. Rivean Capital will support Dataciders with capital and strategic expertise to establish the company 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 (1), 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.”
„AUCTUS has helped us to reach the next level in our company development,” he adds. “The cooperation with the AUCTUS team was consistently friendly, professional, and appreciative. It was a lot of fun.”
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.
Über 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 has 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.
Über AUCTUS
AUCTUS is the most active investment company for small- and medium-sized companies in Europe with more than 400 investments in the past 22 years. Our successful work is regularly rewarded with prestigious awards and top international rankings. The focus of our investments is on majority holdings in companies with annual sales of between EUR 10 million and EUR 150 million. AUCTUS stands for sustainable organic and also inorganic growth by acquisitions. We achieve this in a trustful partnership together with the management of our companies. We are specialized in building successful medium-sized company groups – We create market leaders. The more than 35 experienced AUCTUS investment experts currently manage around 46 platform investments from various sectors of the economy. The sum of the platform investments with a total of more than 150 individual companies achieves annual sales of far more than € 2 billion. Sales and results have been growing at >10% per year for years.
[1] The Lünendonk List is published annually by market research company Lünendonk & Hossenfelder GmbH. It ranks the top service providers in various industries in Germany and enjoys particular prominence in the IT, consulting, and outsourcing segments.