HEIKENDORF BEI KIEL, April 17, 2024 – Solvares Group GmbH, the leading German provider of field service management, field sales management, transportation management and logistics solutions, today announced the acquisition of a significant stake by Five Arrows, the alternative asset business of Rothschild & Co. Five Arrows targets category-leading B2B data and software sectors across a range of end markets, including field service and logistics. Solvares' current owner, DBAG ECF III, a fund advised by DBAG, together with DBAG itself, will hold a significant stake in Solvares and looks forward to supporting the next phase of Solvares' growth in close partnership with Five Arrows.
Financial terms of the transaction were not disclosed.Solvares Group provides industry-leading software solutions that help its customers plan, manage and optimize their service and maintenance operations, as well as their distribution activities and transport logistics. Solvares solutions are at the heart of resource and mobility management, helping more than 3,000 customers in 45 countries solve complex use cases through proprietary algorithms and best-of-breed technologies to achieve significant efficiency gains while significantly reducing resource consumption and CO2 emissions.
Ivan Bagaric, Chief Executive Officer of Solvares Group: “Our solutions deliver critical value to our customers every day. Our business has developed strongly in recent years and I look forward to continuing the growth strategy in the coming years and developing Solvares into the European market leader for field management and logistics software. Five Arrows, with its longstanding experience in scaling B2B software businesses and its long-term investment perspective, was our partner of choice to support us in this next phase of our journey. We are grateful for DBAG's support to date and are delighted that they will continue to be one of our investors alongside Five Arrows.
Sacha Oshry and Karl Geisel, Partners at Five Arrows Principal Investments (FAPI), added: ”Solvares has impressed us with its ability to grow organically and make targeted acquisitions while maintaining an industry-leading level of customer satisfaction. With the ever-increasing need for resource optimization, we believe in Solvares' ability to continue its strong growth trajectory in the DACH region and accelerate international expansion to become a European market leader.
Tom Alzin, CEO of Deutsche Beteiligungs AG: ”The high growth momentum of the market, combined with investments in product enhancements and targeted international acquisitions, have been instrumental in making Solvares the leading company it is today. We are proud to be working with the management team and Five Arrows and are excited about the future prospects of the company in its next phase of growth.”
The Solvares Group is the European champion for resource optimization along the entire value chain. Solvares' portfolio includes solutions for the entire supply and service chain - from transport logistics to sales and field service. The business focus is always on intelligent resource and process optimization through best-of-breed solutions for customers.
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 leading European provider for process and resource optimization. In June 2022, mobileX GmbH from Munich was added as the fifth company. The group employs 339 people in 5 countries. The headquarters are in Heikendorf near Kiel.
Five Arrows is the alternative investment division of Rothschild & Co, with €26 billion of assets under management and offices in Paris, London, New York, Los Angeles, San Francisco and Luxembourg. With over €9 billion of assets under management, Five Arrows' corporate private equity business focuses on investing in companies with very strong market positions, strong management teams, business models with high visibility for organic volume growth and strong unit economics, as well as multiple operating levers that can be used to unlock latent value. Sectors are limited to data and software, technology-enabled business services and healthcare. For more information visit: https://www.rothschildandco.com/en/five-arrows/corporate-private-equity/
Deutsche Beteiligungs AG (DBAG) has been listed on the stock exchange since 1985 and is one of the most renowned private equity companies in Germany. As an investor and fund advisor, DBAG traditionally focuses on medium-sized companies in Germany, Austria and Switzerland (DACH region), in particular on well-positioned companies with growth potential. DBAG's sector focus is on manufacturers, industrial service providers and industry tech companies - companies whose products enable automation, robotics and digitalization - as well as on companies in the broadband/telecommunications, IT services, software and healthcare sectors. DBAG has also been present in Italy with its Milan office since 2020. The DBAG Group's assets under management and administration amount to around 2.6 billion euros. As part of the strategic partnership with ELF Capital Group, DBAG is expanding its range of flexible financing solutions for SMEs to include private debt.
impactit GmbH was founded in Vienna in 2007 and has been part of the Solvares Group since 2021. portatour® creates route plans for field sales force at the touch of a button. Thanks to automatic suggestions for customer calls, more customers are visited with portatour® and fewer kilometers are driven. The web application is just as suitable for self-employed sales representatives as it is for international corporations and in all industries with field sales force. Another product from impactit GmbH was finally launched at the end of 2022. portatour® Territory Optimization facilitates territory planning and optimizes existing territories. portatour® is a SaaS solution developed with love and passion by the team at impactit GmbH in Vienna.
More Info: www.portatour.com
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