IMAP advised the shareholders of software specialist and service provider Raynet GmbH (Raynet) on the participation of PINOVA Capital (PINOVA). Founder and CEO Ragip Aydin will keep a significant stake in Raynet. As part of the partnership, PINOVA and Raynet will jointly focus on international growth and software innovation.
Raynet is a leading and innovative provider of holistic solutions in Application Lifecycle Management (ALM). Since its foundation in 1999, the company has developed into an international software manufacturer and managed service provider with market-leading solutions for large and medium-sized enterprises, covering the entire ALM process. The technologies range from the inventory of a company’s software and hardware infrastructure (Software Asset Management) and the creation of software packages (Packaging & Virtualization) to software deployment and device management (Unified Endpoint Management). The company's solutions reduce complexity as well as costs and address current trends such as remote work, cloud computing, IoT and IIoT. Raynet has been awarded, among others, in the renowned Gartner Magic Quadrant several times in recent years.
"PINOVA is the ideal partner for us with an excellent understanding of our business model and market environment. Together we will further expand our partner network and drive Raynet's internationalization", commented Ragip Aydin.
PINOVA is an independent private equity firm investing in fast-growing technology companies in German-speaking countries. PINOVA focuses on medium-sized companies with annual revenues between €10m and €75m in the Industrial Technology and Information Technology sectors, which are characterized by significant growth potential, sustainable competitive advantages and a strong market position within their niche.
"We are delighted that Mr. Aydin has placed his trust in us to jointly lead the company, which has been built up over two decades, into the next stage of its corporate development", explains Joern Pelzer, Partner at PINOVA.
"We are convinced that with PINOVA, we have found the ideal partner for Raynet, both on a professional and personal level. Together with the Raynet team, PINOVA will successfully shape the further development of the business model in a dynamically growing market", emphasizes Henning Graw, Managing Director of IMAP.
The IMAP team consisting of Henning Graw (Managing Director), Patrick Fritscher (Associate), Sebastian Dinklage (Analyst) and Mehmet Koc (Analyst) exclusively advised the shareholders of Raynet throughout a structured M&A process and supported them in negotiating and successfully closing the transaction.