27 05 2016

HPE Growth Capital acquires, by way of a capital increase of up to EUR 30 million, a minority stake in AEVI, a subsidiary of Wincor Nixdorf AG

P+P Pöllath + Partners has advised HPE Growth Capital on the deal


HPE Growth Capital is a venture capital and private equity firm specializing in buyouts, expansion capital, growth capital, industry consolidation, and PIPEs investments. The Firm led by Hans van Ierland, Tim van Delden, Titus Schurink, Harry Dolman and Manfred J. Krikke, is based in Amsterdam. Wincor Nixdorf is a global provider of IT solutions and services for retail banks and trade companies. AEVI provides global solutions for payment transactions as well as a market place for high quality value-added apps and services (value-added apps and services; VAAS). At the beginning of the new financial year (October 1), AEVI was spun off via a carve-out from the Wincor Nixdorf Group. Previously, AEVI achieved an annual turnover of around EUR 50 million. The initial tranche consists of a capital increase of EUR 20 million. In a second tranche, HPE and its investors have the opportunity to acquire further shares of AEVI totaling up to EUR 10 million. Wincor Nixdorf intends to remain as a majority shareholder in the long term. The investment process was accompanied by the Berenberg Bank. P+P Pöllath + Partners extensively advised HPE Growth Capital on the structuring and implementation of the transaction with a team including Frank Thiäner (Picture) (partner, M&A/private equity), Alexander Pupeter (partner, tax), Christoph Thiermann (associate, M&A/private equity) and Tim Junginger (associate, M&A/private equity) Involved fees earner: Frank Thiäner - P+P Pöllath + Partners; Christoph Thiermann - P+P Pöllath + Partners; Tim Junginger - P+P Pöllath + Partners; Alexander Pupeter - P+P Pöllath + Partners;

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