As part of the long-term preparation for the succession plan of PDV-Systeme GmbH, Aheim Capital, NORD Holding and TIB / bm|t have acquired shares in the Erfurt-based company. PDV-Systeme GmbH founder and longtime CEO, Wolfgang Schulz, has handed over the management of daily operations to co-CEOs, Dirk Nerling and Gregor Lietz, who have already been in their positions for two years. Schulz will now sit on the newly-established Advisory Board of PDV-Systeme. “PDV-Systeme has developed throughout its history as an important player in the German e‑Government market,” Wolfgang Schulz said at the Thuringian company’s 25th anniversary in October of this year. With more than 100 employees, the software manufacturer is currently one of Germany’s leading manufacturers of systems for electronic records management in the public sector. The founder chose to divest the Erfurt-based company to a long term-oriented investment company in the context of its succession plan. Schulz commissioned Blue Corporate Finance AG, a leading independent corporate finance company in Europe, to lead the sale process. Along with Aheim Capital as the lead investor, NORD Holding and the bm|t‑managed Thüringer Industriebeteiligungs-GmbH & Co. KG (TIB) have acquired shares. The new shareholders place emphasis on the long-term development of the Erfurt company. To ensure a high level of continuity, daily operations will be continued by operating co-CEOs Gregor Lietz and Dirk Nerling. In addition, Wolfgang Schulz joined the newly-established Advisory Board of PDV-Systeme, so that the extensive experience of the founder will continue to benefit the company. Frank Henkelmann, as representative of Aheim Capital, accepted the chairmanship of the advisory board and shareholder meetings.
About PDV-Systeme (www.pdv.de)
PDV-Systeme GmbH was founded in Erfurt in October 1990. The company develops electronic filing and document management software for public administration systems. The 100 employees of the company achieved a turnover of €16.1 million in the past fiscal year.
About Aheim Capital (www.aheim.com)
Aheim Capital invests in profitable medium-sized companies with a turnover of up to €75 million as well as advises funds and co-investors involved in succession solutions, growth situations and corporate spin-offs. Especially in complex, sensitive succession situations, Aheim stands together with owners as a competent and reliable partner. Aheim is flexible and develops individually-tailored shareholder structure solutions inclusively with all stakeholders, including majority and qualified minority interests.
About NORD Holding (www.nordholding.de)
For over 45 years, NORD Holding has been one of the leading private equity investors for the upper Mittelstand. Their main activities are the structuring and financing of company succession models, acquisition of corporate divisions and subsidiaries, and expansion finance for SMEs. Investors in NORD Holding include several North German savings banks, public insurance companies and pension funds as well as the North German Landesbank. Currently, the company is engaged in Germany and German-speaking countries with more than 20 subsidiaries. Through its umbrella fund, NORD Holding has invested €500 million in associated companies in other European countries and thus offers portfolio companies an international network.
Erfurt-based bm|t (beteiligungsmanagement thüringen GmbH) is a subsidiary of Thüringer Aufbaubank and the premier partner for investments in Thuringia. bm|t currently manages eight funds with a total volume of around €300 million, focusing on innovative companies across all industries and at all stages of company development, including companies in the start-up and growth phases as well as business succession situations.
About Blue Corporate Finance (www.bluecf.com)
Blue Corporate Finance supports Mittelstand companies in the acquisition and sale of companies or parts of companies, capital markets transactions and financing as a temporary “external corporate finance department.” Since 2001, Blue Corporate Finance has successfully completed 200 transactions in service to its customers.