goetzpartners advised Borromin
goetzpartners advised Borromin with a Commercial Due Diligence
goetzpartners advised Borromin Capital Fund IV with a Commercial Due Diligence on the acquisition of a majority stake in QITS GmbH (“QITS”), a leading business process outsourcing provider with a focus on customer communication (“output management”) in Germany. Terms of the acquisition were not disclosed.
The Commercial Due Diligence included a thorough examination of the Company’s business model and solution portfolio with a particular focus on its digital offering and technological capabilities. Furthermore, using a bottom-up market modelling approach, goetzpartners assessed the size, underlying drivers and growth prospects of QITS’ addressed core market segments. The report included a detailed analysis of key industry dynamics and the QITS' competitive positioning. Conclusively, the results were used to evaluate the management's business plan and additional value creation opportunities.
Founded in 1998 as an IT service provider for ADCO group, management has successfully developed QITS into an innovative business process outsourcing provider with its own software solutions. From its site in Ratingen, the company offers its customers digital and physical output management services for the secure preparation, processing, and distribution of highly sensitive business information. In this process QITS not only automates the complex process of digital content creation but also establishes secure data handling processes complying with all data protection and security regulations until the final recipient receives the document.
Borromin (formerly Steadfast Capital) is an independent private equity investor focusing on medium-size businesses within German speaking Europe and Benelux countries. Funds advised by Borromin invest in mid-size companies providing equity for succession issues, management buy-outs and also provide capital for growth opportunities. Borromin was founded in 2001 and follows a successful, value-oriented strategy of investments in profitable companies in various sectors.
Dr. Gerrit Schütte
Dr. Burak Yahsi