Carlsquare advised Waterland Private Equity and netgo group on the sale of MEHRWERK GmbH, a leading provider of innovative software solutions for process-oriented business optimization, to the international private equity investor Fortino Capital Partners. The transaction was carried out through the sale by the netgo group, to which MEHRWERK had belonged since 2020. The transaction marks the successful conclusion of an important chapter in MEHRWERK’s history – and the start of a new phase of growth.
MEHRWERK GmbH, based in Karlsruhe, Germany, is a leading developer of modular software solutions for business process mining, analytics, and automation. With mpmX, a modular solution for process-oriented corporate management, MEHRWERK supports companies from various industries in data-driven process optimization and is internationally active with this solution.
Fortino Capital is an international investor focusing on scalable software companies. With its deep operational expertise, Fortino actively supports its portfolio companies in their growth and internationalization.
The netgo group is one of the leading IT groups in the German-speaking region and offers comprehensive IT services and solutions for small and medium-sized businesses. MEHRWERK has been part of the group since 2020.
“We are delighted that, following its successful development within the netgo group and with the excellent support of Carlsquare, we are now able to hand over Mehrwerk to new owners. Mark Miller and his team provided us with professional support throughout this challenging carve-out transaction, from the preparatory stages right through to completion, demonstrating great commitment and leveraging their excellent network of relevant investors.” – Christoph Dubies, Principal, Waterland Private Equity
“With Fortino Capital, we are gaining an experienced growth partner who will support us in reaching the next stage of development with its international network, operational expertise, and investment power. We are very much looking forward to this new chapter and are grateful for the time we have spent together with netgo.” – Constantin Wehmschulte, Managing Director, MEHRWERK GmbH
“The decision to develop MEHRWERK into a fully-fledged software company was strategic from the outset. With mpmX, we have created a solution under our joint umbrella that is now setting international standards. We would like to thank the entire MEHRWERK team for their outstanding cooperation and are convinced that Fortino Capital is the right partner for the next big step.” – Dr. Sven Fürth, CFO, netgo group
Carlsquare acted as the exclusive financial advisor to Waterland Private Equity and netgo group.
