Kartesia provides financing solution for continued growth of Rigeto’s AndCompany GmbH

Kartesia, the European specialist provider of capital solutions for small and mid-sized companies, today announces that it has provided a hybrid financing solution to support the buy-and-build strategy of AndCompany GmbH (“AndCompany”), owned by German entrepreneurial investor group Rigeto (“the Investor”).

AndCompany is a house of brands that brings together leading IT and software boutiques and combines deep technological and process knowledge with strong consulting capabilities. Its expertise ranges from implementing holistic digitalization strategies to the implementation of modern business applications and innovative web & cloud solutions, predominantly in the context of specialized SAP solutions in niche market segments. The Company provides sector-specific consulting services focused on clients in the public sector, healthcare, energy/utilities and financial services and combines 120 FTEs across three operating entities.

The financing has been provided by Kartesia’s Credit Opportunities (KCO) strategy, as Kartesia invested across the capital structure, contributing both debt and equity. The financing will be used to acquire two targets and to further bolster AndCompany’s buy-and-build acquisition strategy and to continue the growth of the business.

The transaction marks another successful collaboration between Kartesia and Rigeto, following multiple Kartesia Senior Opportunities’ transactions including Matignon earlier this year. The close relationship across strategies is built upon the strength of Rigeto’s investment track record and Kartesia’s ability to tailor bespoke financing solutions.

The deal team at Kartesia included Nico Wellm, Daniel Kaltenecker and Vinzent Zimmer.

Nico Wellm, Investment Manager at Kartesia, commented: “We are very pleased to partner with Rigeto again as we continue to deploy capital across the DACH region from both our KCO and KSO strategies. Building on a trustful relationship with Rigeto, we are excited to support the creation of one of the leading providers of SAP and IT consulting services in the region, which has the potential to continue to accelerate its growth with the acquisition of other market players. We look forward to working with AndCompany and the Investor to provide the appropriate platform for this continued growth.”

Alexander Schulz, Investment Director at Rigeto, added: “We are happy to be working with Kartesia on this latest investment, our second collaboration this year. Their tailored financing solution offers us the flexibility to pursue an ambitious buy-and-build strategy for AndCompany, which will be essential to the continued impressive growth of the business. We look forward to continuing to support the management team in its goal of becoming the leading SAP consulting in AndCompany’s target market segments.”

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For further details please contact:

H/Advisors Maitland – Finlay Donaldson

kartesia-maitland@h-advisors.global +44 (0) 7341 788 066