goetzpartners advised Harald Quandt Industriebeteiligungen on the joint acquisition of a majority stake in Horn & Cosifan and PK Office with a Commercial Due Diligence

goetzpartners' Private Equity Consulting Practice advised Harald Quandt Industriebeteiligungen (“HQIB”) with a Commercial Due Diligence on the joint acquisition of a majority stake in HORN & COSIFAN Computersysteme GmbH ("HORN & COSIFAN"), a leading regional IT system house in the Rhein-Main Area, and PK Office GmbH ("PK Office"), a leading transregional provider of integrated-overall IT-services.

The Commercial Due Diligence included an evaluation of the magnitude and sustainability of future growth expectations within addressed market segments, also taking into account short- and long-term effects from the COVID-19 pandemic. In addition, company’s differentiating edge compared to competitors as well as the quality of customer and partner bases were analyzed. Moreover, goetzpartners provided strategic support in a comprehensive business plan assessment that included the identification and evaluation of the complementary fit and synergy potential of a merger of both companies to a joint platform for all areas of managed IT services.

ABOUT HORN & COSIFAN

HORN & COSIFAN Computersysteme GmbH was founded in 1993 by Managing Director Dipl.-Inform. Gunter Horn and in almost thirty years has developed into one of the leading IT system houses in the Rhine-Main area. The many years of experience and excellent expertise of the team with around 80 employees enable the company to be a highly competent and reliable IT partner. Continuously growing, HORN & COSIFAN today serves public clients and medium-sized companies from the financial sector as well as the media, industry, trade, sports, service and transportation sectors. The portfolio includes consulting, conception, implementation and support of the entire IT lifecycle, the operation of advanced as well as highly secure data centers in Frankfurt am Main and furthermore the comprehensive support of the customers' mobile corporate communication. As a strategic partner of leading manufacturers, HORN & COSIFAN focuses on topics such as virtualization, high availability, managed and cloud services, and especially IT security. The great trust of customers in the expertise of the system house is reflected in long-standing business relationships.

ABOUT PK OFFICE

PK Office GmbH was founded in 2007 by Andreas Roth, André Nellen, Michael Camilli and Willi Buffen. Since then, the company has evolved from a provider of intelligent print and output solutions to one of the transregional leading integrated overall IT suppliers. With almost 100 employees today, the company is excellently positioned in the SME sector and now serves around 5,200 customers. The well diversified client base consists of small businesses, medium-sized companies with several branches, but also internationally positioned corporations from all sectors. PK Office's portfolio is specialized in print output management and modern IT solutions. The offer ranges from managed printer and copier solutions, modern IT and software offers, to comprehensive service packages and services for all offered areas. In the PK Office showroom, interested parties and clients can get an impression of "Office 4.0" and develop the OFFICE OF THE FUTURE together with PK Office.

ABOUT HARALD QUANDT INDUSTRIEBETEILIGUNGEN

Harald Quandt Industriebeteiligungen GmbH is the principal investment firm of the family Harald Quandt joined by a small, select number of (industrial) families and partners. HQIB invests in small and medium sized companies within the German-speaking region, that are leading in established and technologically sophisticated market niches with attractive growth potential. As an industrial holding company, HQIB pursues a long-term, sustainable investment approach and is not subject to any time restrictions or limited investment periods.

ABOUT CADENCE GROWTH CAPTITAL

Cadence Growth Capital GmbH is an investor focused on technology and growth investments in the German-speaking market. CGC invests in technology-driven business models that benefit from long-term trends and achieve above-average growth rates. CGC contributes not only capital, but also experience in scaling through organic and inorganic growth, as well as its extensive network of entrepreneurs, founders and partners. CGC invests the capital of over 60 HNWIs from the private equity, founders, M&A and corporate community as well as various institutional investors.

ABOUT GOETZPARTNERS

goetzpartners is an independent advisory firm for all key issues of entrepreneurial activity: Strategy, M&A, Transformation. With 300 professionals operating out of 13 offices in 11 countries, we advise clients worldwide in all key industries. Based on this in-depth sector and product expertise goetzpartners has been successfully executing more than 200 M&A transactions and numerous national and international consultancy engagements over the past 10 years. Our product portfolio combines the three major services investors need during transaction processes: M&A, Commercial Due Diligence and Debt Advisory.

TRANSACTION TEAM

Dr. Sigurd Kitzer
Partner
E-Mail

Horn & Cosifan CDD Team

Dr. Norbert Danneberg
Senior Industry Expert

Edwin Steffan
Consultant

Karen Rück
Consultant

Rosa Frehen
Associate Consultant

PK Office CDD Team

Cord Weirich
Manager

Florian Schlindwein
Consultant

Annika Ehlert
Associate Consultant