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Carlsquare advises Onventis on the sale of a majority stake to Main Capital

Main Capital, in conjunction with the Onventis management team, has acquired a strategic stake in Onventis, a cloud-based platform provider for e-procurement. Through its rich set of functionalities, Onventis’ software offers both buyers and suppliers a user-friendly and fully-integrated suite to connect, automate and control the entire chain from sourcing to payment.

Founded in 2000 with headquarters in Stuttgart, Onventis has quickly grown into a leading, open procurement solution for the German Mittelstand. The Company’s offering steers procurement processes of direct and indirect materials in strategic and operational procurement. The Onventis procurement network channels more than Euro 5.5 billion purchasing volume per year for approx. 350,000 users and 35,000 suppliers globally. The software’s modular and integrated design offers flexible, comprehensive and intuitive solutions for customers looking to digitize their workflows.

Many procurement managers struggle with the ongoing globalization of supply chains whilst simultaneously facing tighter budget restrictions. The resulting complexity forces more and more companies to invest in the standardization and automation of their procurement processes. Industry analysts expect the growing pressure will increase the number of organizations making use of e-procurement solutions and thus spur the overall market growth in the years to come.

Looking forward, Main Capital will actively support Onventis in maintaining its strong growth momentum by further internationalizing the business and extending the value proposition for its customers. Besides organic growth initiatives, strategic add-on acquisitions will be an important pillar of the growth strategy to complement the innovative product and services portfolio, further broadening the geographical footprint as well as consolidating the market position. For 2019, Onventis expects close to 30% year-over-year growth. Moreover, the Company’s management team will come out even stronger from the transaction by partnering with Main Capital as joint shareholders.

Frank Schmidt (CEO of Onventis):
“With their strong expertise and network in the software sector, the team from Main Capital Partners constitutes the ideal partner for our envisioned growth strategy. Our Mittelstand-focused e-procurement solutions are quickly gaining market share, which helped Onventis achieve another record year in 2018. Together with our new partner, we will continue this success story by further expanding our product portfolio and widening our geographical reach.”


Charly Zwemstra (Managing Partner of Main Capital Partners):
“We were immediately impressed by Onventis’ capable management team, which spearheaded the Company’s big steps forward in recent years. We are excited to assist Onventis going forward in its expansion and further roll-out of the open procurement network.”

Carlsquare acted as the exclusive financial advisor to Onventis.


Client: Onventis
Industry: Software
Assignment: Sellside
Main Capital
Mark Miller
Mark Miller LinkedIn
Managing Partner
Maurice Hinrichs
Maurice Hinrichs LinkedIn
Senior Associate