Goodwin has advised FLEX Capital on the refinancing of the acquisition of Evo IT GmbH (“Evo IT”), an established custom software developer headquartered in Vienna.
FLEX Capital is a private equity fund founded by successful serial entrepreneurs that invests in profitable and growing companies from the German Internet and software midmarket. Announced in early 2023, the second fund of €300 million includes a commercial structure for the first time, enabling FLEX Capital to provide operational support to portfolio companies with a purpose-built 30-person team of experts, differentiating the investor from many other private equity funds.
Founded in 2011, Evo IT has built a strong reputation under its brands Evolit and Evol.X as a trusted IT service provider for demanding industries such as mobility, energy, critical infrastructure, the public sector, real estate, and industrial companies. Its customers include renowned public and private sector organizations such as ÖBB, ASFINAG and TÜV Süd.
Goodwin regularly advises FLEX Capital on financing matters, most recently on the financing of the acquisition of Omikron Systemhaus GmbH & Co. KG, a leading German provider of e-banking solutions.
The deal team was led by partner Winfried M. Carli and associate Marius Garnatz Maskus and included associates Philipp Lehle (all Private Equity/Debt Finance, Munich) and Philipp Lauer (Tax, Munich).