Deal announcement

goetzpartners advised Management of REDNET

19. August 2021

goetzpartners advised Management of REDNET with a Commercial Vendor Due Diligence

goetzpartners supported Management of REDNET with a Commercial Vendor Due Diligence on the sale of a majority stake in REDNET AG, a German IT services provider.

The Commercial Vendor Due Diligence comprised a detailed market model for the company’s current and potential future addressable markets, outlining relevant initiatives by the German federal government and the retrieval status of public budgets. The market analysis concluded with an assessment of the sustainability of COVID-19 effects. In addition, goetzpartners assessed the company's strategic positioning towards a full-service offering, and its performance along key success factors in public tender procedures. Further, the company's business model and USPs were benchmarked against its core competitors. Conclusively, the results were used to validate the management's business plan and evaluate further strategic growth opportunities.

Founded in 2004, REDNET specializes in serving education, healthcare, and government/public sectors, providing detailed advice, economic planning, smooth logistics, and fast service to their clients. Particularly, the organization prides themselves on bringing value through comprehensive, high-quality services and extensive know-how in handling large rollouts. With a heavy focus on the environment and sustainability initiatives, REDNET also engages in a 360-degree, holistic approach to increasing IT life cycles through flexible maintenance concepts, while simultaneously focusing on environmental compatibility.

Transaction Team

Dr. Gerrit Schütte
Managing Director

Dr. Christian Wältermann

Gerrit Bückins

Andreas Haselbach
Senior Consultant

Christoph Beck

Rosa Frehen
Associate Consultant

Vincent Verweyen
Associate Consultant