Goodwin Advises neeyo on Refinancing
Goodwin advised neeyo, a portfolio company of FLEX Capital, on its refinancing with Apera Asset Management, a pan-European private debt investor focused on the mid-market. The refinancing positions neeyo for the next phase of growth. neeyo and Apera tailored the financing to the company’s specific needs, enabling neeyo to further strengthen its market position in the DACH region. For FLEX Capital, the transaction confirms neeyo’s strong growth trajectory since its initial investment in 2021.
neeyo is a leading provider of business-critical end-to-end software for Customer Communication Management (CCM) in the DACH region. The group was formed in 2021 through the acquisition of NIC and Formware and has since grown through further acquisitions, most recently in 2025 through DocuMatrix. neeyo serves over 3,000 customers, including Airbus, Deutsche Post, Deutsche Bank, Linde, and Telefónica.
FLEX Capital is a private equity fund founded by successful serial entrepreneurs and software specialists and invests in profitable and growing companies from the software and tech mid-market in the DACH region. With a team of more than 30 experts, FLEX Capital supports entrepreneurs with operational expertise and proven value enhancement levers to reach the next level of growth.
Goodwin’s transaction team consisted of Winfried Carli, Daniel Wagner, Jakob Lutzenberger and Laura Sollacher (all Private Equity/Finance, Munich).