Baird's Investment Banking Group is pleased to announce the following transaction:

Date:
July 2021
Company:
Matrix42 Service GmbH
Description:
Sale to Corten Capital
Sector(s):
Technology & Services
Baird served as financial advisor to Matrix24 Service GmbH on this transaction

Matrix42 Service GmbH (“Matrix42” or the “Company”), a portfolio company of EMERAM Capital Partners (“EMERAM”), has been acquired by Corten Capital (“Corten”). Terms of the transaction were not disclosed.

Founded in 1992 and headquartered in Frankfurt, Germany, Matrix42 provides innovative software solutions for digital workspace management. Matrix42 was recently ranked the top vendor for Enterprise Service Management and Secure Unified Endpoint Management. Matrix42 provides a secure, scalable, user-friendly, and easy to implement SaaS solution to a wide range of organisations across Europe and North America. The Matrix42 platform is used by more than 5,000 customers worldwide and automates mission-critical IT and business support processes, license and cloud expense management, and related enterprise workflows, while delivering operational efficiencies and enhanced employee experiences.

EMERAM is a leading investment company for medium-sized companies in the German-speaking region. Funds advised by EMERAM currently provide 400 million euros of capital for the development of companies. The portfolio includes companies from the software/technology, consumer and services sectors. EMERAM acts as a long-term business development partner for its companies, promoting the sustainable growth (organic and inorganic) of the portfolio companies.

Corten Capital is a specialist investment firm that partners with entrepreneurial management teams to acquire and build market leading software, technology-driven B2B services and information companies across Europe and North America. Corten closed its first fund in 2020, backed by an exceptional group of university endowments, charitable foundations and family offices from North America, Europe and Asia, who share its philosophy of investing for long term value creation through technology-led growth and innovation. Corten Advisors UK LLP is authorised and regulated by the Financial Conduct Authority in the UK.

For additional information about this transaction, please contact:

Simon Pearson +44-20-7667-8409
Oliver Meyer +49-69-1301-4922
Marco Krass +49-69-1301-4970
Craig Rogowski +1-650-947-6815
Evan Mueller +1-503-273-4956
Chelsea Smith +44-20-7667-8342