IK Partners’ Acquisition of Majority Stake in CONET Group From H.I.G.

Renzenbrink & Partner advised IK Partners on the deal.

IK Partners annouced the acquisition of a majority stake in CONET Group from H.I.G. Capital. The CONET management team is investing alongside IK. The financial terms of the transaction are not disclosed.

CONET offers SAP consulting, communication solutions, software development and managed services to the public and private sectors in the areas Cyber Security, Cloud, Mobility and Data Intelligence. Founded in 1987 and headquartered in Hennef, Germany, the company employs over 1,100 people in 13 offices in Germany, Austria and Croatia.

IK is a European private equity firm focusing on investments in the DACH region, Benelux, France, the Nordics and the United Kingdom.

The completion of the transaction is subject to clearance by the relevant antitrust authorities.

The Renzenbrink & Partner team consisted of partners Dr Ulf Renzenbrink (Picture – Corporate/PE) and Marc H. Kotyrba (Tax/PE) as well as counsel Christopher Blumenthal, senior associate Dr Alexander Haunschild and associates Jonas Hamm (all Corporate/PE), Dr Toufic Schilling and Marie Eikmeier (both Tax/PE).

Involved fees earner: Christopher Blumenthal – Renzenbrink & Partner; Marie Eikmeier – Renzenbrink & Partner; Jonas Hamm – Renzenbrink & Partner; Alexander Haunschild – Renzenbrink & Partner; Marc Holger Kotyrba – Renzenbrink & Partner; Ulf Renzenbrink – Renzenbrink & Partner; Toufic Schilling – Renzenbrink & Partner;

Law Firms: Renzenbrink & Partner;

Clients: IK Investment Partners;

Author: Federica Tiefenthaler