William Blair acted as the exclusive financial advisor to Communardo, a portfolio company of PROM12, in connection with its pending sale to Bregal Unternehmerkapital (BU). The transaction was signed on September 2, 2024, and is expected to close in Q4, 2024.
About the Companies
Based in Dresden, Germany, Communardo has been a leading provider of digital workplace solutions and consulting services for more than 20 years. The company currently employs over 320 people at ten locations in Germany, Austria, Switzerland, and Albania. As a multi-technology specialist, Communardo develops cloud-based intranets, quality management systems and applications that help teams work more efficiently with Atlassian and Microsoft software. Communardo supports the implementation and operation of solutions through training and change management as well as comprehensive managed services. Its customer base includes large and mid-sized companies across a range of industries, as well as the public sector. Communardo is an Atlassian Platinum Solution Partner, a Microsoft Solution Partner, a Silver Partner of Monday.com and a close partner of Staffbase. In 2022 and 2023, Communardo was awarded as the Leader for Microsoft 365 Services and Power Platform Services by the Information Services Group (ISG) and was recognized as Atlassian Partner of the Year in 2019 and 2024.
PROM12 is an entrepreneur-led investment firm focused on IT, IT services, digital transformation, and technology companies in the DACH region. PROM12 supports market-leading companies in accelerating their growth (organically and through targeted acquisitions) and achieving sustainable, long-term value creation.
BU is a leading investment firm with offices in Zug, Munich, and Milan. With €7.0bn in capital raised to date, BU is the largest mid-cap investor based in the DACH region. The funds advised by BU invest in mid-sized companies based in Germany, Switzerland, Italy, and Austria. With the mission to be the partner of choice for entrepreneurs and family-owned businesses, BU seeks to partner with market leaders and “hidden champions” with strong management teams and breakout potential. Since its founding in 2015, the funds advised by BU have invested over €3.5 billion in more than 100 companies with more than 28,000 employees. Thereby, more than 8,200 jobs have been created. BU supports entrepreneurs and families as a strategic partner to develop, internationalize, and digitize their businesses, while helping them generate sustainable value on a responsible basis with the next generation in mind.
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