The Carlyle Group’s Acquisition Of iC Consult

Ashurst advised CAPZA on the deal.

CAPZA financed the acquisition of a majority stake in iC Consult by international financial investor The Carlyle Group (Carlyle). The terms and conditions of the transaction were not disclosed.

iC Consult is the largest specialised provider of Identity and Access Management services in the German-speaking countries. Founded in 1997, the company with headquarters in Munich has 12 offices worldwide and a customer base that includes more than half of the DAX 30 companies. In 2019, the company’s revenue amounted to over €50m.

The acquisition supports the growth strategy of iC Consult and in particular the expansion of its international business. The equity for the investment is provided by Carlyle Europe Technology Partners (CETP) IV fund. The €1.35bn fund invests in small and middle market B2B companies in Europe and the U.S. focusing on technology, media and telecommunications. Global investment firm The Carlyle Group deploys private capital across the four business segments Corporate Private Equity, Real Assets, Global Credit, and Investment Solutions and has around $230bn of assets under management.

CAPZA is an asset management company focused on private investments in European small and medium-sized companies. With offices in Paris, Munich, Milan and Madrid, CAPZA manages assets of around €4.7bn for international institutional investors.

The Ashurst team was led by partner Dr Matthias Weissinger (Picture). He was assisted by associate Franziska Sauer and transaction lawyer Ena Selimbegovic (all Global Loans, Munich).

Involved fees earner: Franziska Sauer – Ashurst; Ena Selimbegovic – Ashurst; Matthias Weissinger – Ashurst;

Law Firms: Ashurst;

Clients: Capza;