H&H Datenverarbeitungs- und Beratungsgesellschaft & Visma
Visma, as Europe’s leading provider of cloud software for SMEs, will support H&H as a new majority investor in the transition to the cloud.
The shareholders of H&H have taken on an investor, Visma, to be able to offer municipalities in Germany both a larger service portfolio in the future and to ensure the transition to the cloud. Visma is Europe’s leading provider of mission-critical cloud software for SMEs (small and medium-sized enterprises) and offers software solutions for the public sector.
In the transaction process led by atares* as M&A advisor, a majority stake was sold to Visma as part of a share deal; a minority stake remains with the two managing directors, who will continue to drive the company’s growth. The company will remain independent after the sale, though will be able to access Visma’s software infrastructure in many areas, such as cyber security or cloud conversion.
This is Visma’s second investment in Germany, following the acquisition of BuchhaltungsButler at the end of 2022.
Atares acted as exclusive M&A advisor to the shareholders in the preparation and realization of the transaction. In addition to the running of a structured sales process, the advisory services included the preparation of marketing and transaction documents, identification and approaching of potential investors including management presentations as well as support in the due diligence and negotiation of the transaction. Through this transaction, atares was once again able to demonstrate its competence and network in the software environment as well as the execution of competitive processes. The atares transaction team: Jan Pörschmann (Partner, Munich) and Florian Liepert (Director, Munich).
About H&H Datenverarbeitungs- und Beratungsgesellschaft mbH
H&H has established itself as one of the top 3 providers of financial software for municipalities in Germany. The Berlin-based company has been developing software solutions since 1991. With its main product proDoppik, H&H offers a comprehensive commercial ERP solution for areas such as accounting, invoicing, budgeting and tax collection through to the management of fixed assets and financial investments. More than 150 employees at H&H and its partners support more than 800 public administrations.
For more information, visit https://www.hh-berlin.de
About Visma
Visma is a leading provider of mission-critical cloud software, with revenue of € 1.73 billion in 2021, 14,000 employees and 1.4 million customers across Europe and Latin America. As part of its growth strategy, Visma focuses on acquiring, developing and growing software companies at various stages of their business.
For more information, visit https://www.visma.com
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.
Team
*At the time of the transaction, atares traded under the name Proventis Partners GmbH Muenchen
