goetzpartners advised on the sale of the healthcare IT solution provider xevIT GmbH to Conscia A/S, a Nordic Capital-backed company

Deal Announcement

goetzpartners was mandated by the shareholders as exclusive M&A and debt advisor on the sale of xevIT GmbH, a leading German mid-sized full-service IT provider of scalable digitisation solutions, including its subsidiary sigeso GmbH, an operator of a secure communication platform for German Electronic Health Record data, to the leading pan-European security and IT infrastructure solutions provider Conscia A/S, a portfolio company of Nordic Capital.

On top of being a Cisco Gold Partner in Germany with strong competencies within networking and communication solutions, xevIT has developed several unique solutions for the healthcare sector, including a communication platform that interconnects more than 2 million users across hospitals, clinics, practitioners, etc.

This acquisition is Conscia’s 8th since 2014 bringing Conscia one step closer to the position as Europe's leading security and IT infrastructure partner with focus on Cisco technology, which is the strategic goal for 2023. "We have quadrupled our turnover over the last five years from DKK 500 million to DKK 2 billion. The next milestone is DKK 4 billion, and the German market is a strategic anchor point for this. We are already market leading in Scandinavia, the Netherlands, and Slovenia, and with xevIT we will strengthen our position even further in the European security and IT infrastructure market. Over the past 2-3 years, we have made very significant investments in expanding our portfolio of security solutions, e.g. we now have a 24/7 Security Operations Center (SOC), and with xevIT as part of the Conscia Group, we will be able to better serve the German customers with these types of solutions", says Claus Thorsgaard, CEO Conscia Group.

"xevIT and Conscia have many commonalities, both culturally and operationally in the way we go to market. In addition, we complement each other's high-level technical competencies very well - all in all, it is a very good match. xevIT specializes in IT innovation and digitisation for the healthcare sector, and we look forward to becoming part of Conscia's ‘Network of Knowledge’ strategy as well as being able to deliver our core solutions to the customers within Conscia's current markets", say the founders of xevIT.

The Purchase Agreement is subject to customary closing conditions.

goetzpartners Corporate Finance acted as exclusive M&A and debt advisor to the shareholders, further underlining our competence as advisor of choice in the TMT sector (40+ transactions in the digital space) and in cross-border M&A transactions. Furthermore, this transaction proves the success of goetzpartners' integrated Transaction Advisory Group (M&A, Debt Advisory, CDD & Strategy) for strategic as well as financial sponsor clients.

ABOUT XEVIT GMBH
Headquartered in Ettlingen, Germany, xevIT is a leading mid-sized full-service IT provider of scalable digitisation solutions. xevIT covers the entire lifecycle from design and development to installation and Managed Services in DACH and selectively in Benelux. As one of only 27 Cisco Gold partners in Germany, xevIT offers state-of-the art technologies complemented by deep vertical application know-how for the healthcare, public sector, SME and financial services verticals. Founded in 2001, xevIT today employs more than 110 people in three locations across Germany. Its subsidiary sigeso was founded in 2017 and has been established as the operator of a secure communication platform for one of the largest German health insurances. The main focus of the company is the secure transfer of sensitive patient data connecting up to 2 million patients as well as the respective care providers.

ABOUT CONSCIA A/S
Conscia is a leading European provider of security and IT Infrastructure Solutions based on technology from Cisco, complemented with other leading technology partners. Conscia strives to be the best partner to ensure its customers 'business-critical IT infrastructure’ across the entire value chain from design, implementation, operation and optimization. The ambition is supported by deep professional competencies and insight, which is gathered and displayed through the unique customer platform 'CNS', which forms the basis for the best customer experiences and the highest customer satisfaction in the industry. At the same time, Conscia’s strategic goal is to be the most attractive workplace for the talented IT-infrastructure specialists in Europe. The Conscia group counts approximately 650 employees in six countries (Denmark, Sweden, Norway, the Netherlands, Germany and Slovenia) with a total turnover of approx. DKK 2,5 billion (~EUR 330 million).

ABOUT NORDIC CAPITAL
Nordic Capital is a leading private equity investor with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a long history. Core sectors are Healthcare, Technology & Payments, Financial Services and in addition, Industrial & Business Services and Consumer. Key regions are Northern Europe and globally for Healthcare. Since inception in 1989, Nordic Capital has invested more than €14 billion in over 100 investments.

TRANSACTION TEAM

M&A:

Milan Saric
Managing Director
Email

Maximilian Keuenhof
Associate Director

Sven Langelahn
Analyst

Debt Advisory:

Philipp Widmaier
Director
Email

Sebastian Achleitner
Associate Director

Marius Wolter
Associate