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Carlsquare advised Avedon Capital Partners on the acquisition financing of DMS Group

Carlsquare’s Debt Advisory team successfully advised Avedon Capital Partners on the acquisition financing of DMS Group, one of Germany’s leading providers of business process outsourcing services for the energy sector.

Founded in 2009, DMS Group (“DMS”) has evolved into a renowned managed services provider that specializes in complex business processes. With 8 offices across Germany and 800+ employees, DMS caters to a broad portfolio of clients active in the energy industry, from established players (e.g. larger energy utilities, grid operators) to newcomers (e.g. PV operators, suppliers). DMS thus plays a crucial role in redesigning and transitioning Germany’s energy system to suit the needs of a sustainable future. Johannes Heibel and Gunter Jahn, DMS’s long-standing management, invested alongside Avedon Capital Partners. Together they will ensure that DMS continues its growth path, extending capacities, investing in automation, and further broadening service offerings.
Avedon is a leading growth investor with offices in the Netherlands and Germany. Focusing on mid-cap companies in the DACH and BENELUX regions, Avedon supports exceptional entrepreneurs and the management of well-positioned niche companies to realize their ambitions in a pragmatic, partnership-driven way. Avedon boasts a track record of more than 50 investments and 60 add-on acquisitions. Avedon aims at creating high-performing, sound companies that accelerate top-line growth through strategies such as the roll-out of proven concepts and “buy and build”.

Carlsquare was engaged to provide buy-side debt advice during the acquisition of DMS, capitalizing on its deep expertise and extensive network of senior-level relationships. After overseeing a competitive process with several detailed workstreams (e.g. debt structuring, negotiations with potential financing providers, financial modeling), Carlsquare secured a debt financing of an undisclosed amount from the independent European private debt manager Apera Asset Management. In addition to a unitranche term facility, the financing also includes an add-on facility aimed at bolstering DMS´s plans to continue growing organically and inorganically.

“We appreciate Carlsquare’s ongoing support during the transaction and were delighted to have a debt advisor who leveraged his expertise in order to secure competitive final economics and terms in line with the timeline.” Kai Hübner, Investment Manager at Avedon

Carlsquare acted as exclusive debt advisor for Avedon in this transaction.

Avedon Capital Partners
DMS Gruppe
Daniel Gebler
Daniel Gebler
Partner and Head of Debt Advisory