11. January 2023
honert advises shareholders of TPG Group on sale to Alpina Partners and TPG GROUP on acquisition of various minority interests
ALPINA PARTNERS has acquired a majority stake in The Project Group Informationstechnologie GmbH. honert advised on the sale of the shares to an acquisition company in which ALPINA PARTNERS holds a majority stake as well as on the re-investment of the sellers and other managers of the group in the acquisition company. In the course of the transaction, six minority interests in subsidiaries were also acquired by The Project Group Informationstechnologie GmbH under the lead advise of honert, so that the company now holds 100% in each of the foreign subsidiaries.
PRESS RELEASE
Munich, 9 January 2023
A fund managed by Alpina Management GmbH now holds a majority stake in TPG The Project Group Informationstechnologie GmbH. TPG’s management has reinvested significant amounts as part of the transaction and will remain on board to drive the company’s future growth.
About TPG
TPG was founded in 1998 by Stavros Georgantzis. The company is headquartered in Munich, Germany, employs more than 100 people in various countries and provides software solutions and consulting services in the field of project portfolio management. The company serves more than 700 customers from various industries, including small and medium-sized enterprises as well as large international corporations.
As a long-standing partner of Microsoft and Planisware, TPG offers complementary software solutions as well as integration and implementation services. Alpina’s investment in TPG enables the company to continue its growth course to become one of the leading platforms for software and consulting services in the field of PPM. Stavros Georgantzis, Founder and CEO of TPG commented, “Since the start in 1998, we have seen the potential to build a real international software and services business. Together with Alpina, we want to take TPG to the next level.”
Florian Strehle, Partner at Alpina, adds: “We are very happy to welcome TPG as Alpina’s latest portfolio company. The company stands out due to its highly qualified employees, state-of-the-art software solutions, first-class customer base, international presence and in-depth know-how in the PPM area. For us, it is the perfect platform in a very interesting market segment.”
About Alpina
Alpina Partners is an independent European technology investment firm. As a long-term investor focused on sustainable growth, Alpina invests in leading companies with strong unique selling propositions in B2B software, technology-enabled business services and industrial technologies.
Advisors Seller and Target
honert (Munich, legal & tax): Sven Fritsche (lead partner, legal, tax, financing), Dr. Kai-Klemens Wehlage (legal, financing), Nicole Bühler (legal), Martina Baumert (legal) and Dr. Simon Busch, LL.M. (tax)
EXG Consulting GmbH: Dr. Sonja Legtmann (M&A)
Advisors Alpina
Taylor Wessing (legal, finance), AC Christes & Partners (finance and tax), Telescope Advisory Partners (commercial and technology), Leverest (debt advisory) and TZ Consulting (IP).
For more information please contact:
Stefanie Creutz
Marketing + Öffentlichkeitsarbeit
honert münchen PartG mbB
rechtsanwälte wirtschaftsprüfer steuerberater
Theatinerstraße 14
80333 München
Tel. +49 (89) 388 381 0
E-Mail: [email protected]
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For more information please contact
Nicole Bühler
honert munich
Attorney-at-Law
M&A, Business Law, Corporate
| phone | +49 (89) 388 381 0 |
| [email protected] |
Dr. Simon Busch, LL.M.
honert munich
Tax Advisor
Tax, Succession Planning, International Taxation
| phone | +49 (89) 388 381 0 |
| [email protected] |
Dr. Kai-Klemens Wehlage
honert munich
Partner, Attorney-at-Law
Venture Capital, M&A, Corporate
| phone | +49 (89) 388 381 0 |
| [email protected] |