New Deals 2024

8. March 2024

Tech VC / Growth Capital Deals

In the DACH region, we saw more than 200 VC deals in the first two months of 2024. The total capital invested amounted to EUR 1.3 billion with an average post-money valuation of EUR 22 million. The capital came from 390 investors.

Top 10 transactions by volume

CompanyRound SizeTotal Capital Raised# InvestorsVertical
mEUR
Everphone27052123Telco
NexWafe15025314EnergyTech
Timeline (Biotechnology)601049BioTech
Infinite Roots588319FoodTech
Argá Medtech54547HealthTech
Aktiia376314HealthTech
Sygnum Bank3614820FinTech
Kittl334612MarTech
icotec28281HealthTech
Aeler273410SupplyChainTech

Source: Pitchbook – as of 29.2.2024

Tech M&A transactions

Since January 2024, over 300 tech M&A transactions with a total volume of EUR 3 billion have taken place in the DACH region. The average company valuation was EUR 74 million. The largest transaction was the sale of electronic components manufacturer EA Elektro-Automatik from Bregal to Fortive.

Top 10 transactions by volume

TargetSellerBuyerDeal Size (EUR Mio.)% Shares
EA Elektro-AutomatikBregal UnternehmerkapitalFortive1,585100.0%
Webasto (Charging Business)WebastoTransom Capital250100.0%
Kelly (European Staffing Business)Kelly ServicesGi Group Holding130100.0%
KatekPrimepulseKontron128.859.4%
Global BlueAnt Group, Certares, CK Opportunities Wolverine, Far Point Acquisition, Knighthead Capital Management, Silver Lake, Third PointTencent Holdings91.1100.0%
SUSS MicroOpticsSuss MicrotecFocuslight 80.7100.0%
CubicureAM Ventures, B&C Private Foundation, Gewinn, Horizon 2020 SME Instrument, Rudolf Sallinger Fonds, Vienna Economic ChamberAlign Technology79100.0%
HOTSPLOTSGründerAmundi Private Equity Funds, Bpifrance, Capza, Socadif, Wifirst30100.0%
PowercloudGeneral Atlantic, Karemha HoldingHansen Technologies26100.0%
Wiz-TeamGründerEndeavor21100.0%

Source: Pitchbook – as of 29.2.2024

About atares

atares is the digital M&A boutique for technology-driven midcap companies in Germany and sees itself as a pioneer for the digitalization of the M&A industry. Founded in 2001, atares has advised more than 200 transactions in more than 20 years. The focus is on transaction volumes between EUR 10 and 100 million of mostly owner-managed companies. Since November 2023, the company formerly known as Proventis Partners, Munich, has been operating under the new company name atares GmbH. Atares has long-standing personal contacts with corporate and Private Equity investors and M&A advisors in Europe, North and South America and Asia. Highly specialized expertise for the market, empathy for people and passion make atares a sought-after M&A partner for the tech champions of tomorrow. More than 20 employees at atares in Munich and Düsseldorf manage their projects via the in-house developed digital M&A dealfloor (dealfloor.co) – for value-adding, efficient transactions with the best user experience.

Press Contact

Julia Alpert
alpert@borgmeier.de
+49 157 738 493 07