• M&A

Nissen & Velten Sale to MAIN CAPITAL PARTNERS'

The Company

Nissen & Velten Software GmbH is a non-listed company based in Stockach (Germany), which specializes in the development and implementation of software solutions for B2B trade. In doing so, the company offers comprehensive business software with smart solutions for ERP, CRM, logistics, e-commerce and data management for companies in the technical trade, steel trade, sanitarytrade, electrical trade and building materials trade. The company was founded more than 30 years ago by Jörg Nissen and Günter Velten, managing directors ever since.

The Transaction

Nissen & Velten Software GmbH was founded in 1989 by Jörg Nissen and Günter Velten and has independently developed over the past three decades into one of the leading providers of software solutions for B2B commerce in the German-speaking market. Since an internal family succession was not an option, the shareholders sought an external succession solution together with ARGONAS and implemented it by selling the company to one of Europe's leading software investors, Main Capital Partners. Together with Nissen & Velten Software, Main Capital Partners acquired majority stakes in texdata (ERP), aruba BI (BI) and Litreca (financial solutions). Together, the four companies form a new, business software group under the name enventa. The consolidated revenue of enventa is forecasted to be approximately EUR 25 million in 2022 and will continue to grow at a double-digit rate. This makes enventa a "Rule of 40" company with a combined growth rate and profit margin of >40%. In total, the group will now employ approximately 200 people and will promote and support the growth trend through cross-selling and up-selling. Both managing directors will continue to be responsible for the company after the sale.

Scope of Mandate

ARGONAS has fully advised and supported the shareholders Jörg Nissen and Günter Velten as exclusive sell-side advisor in all streams of the preparation and implementation of the process.

Sebastian Bauch

MANAGING DIRECTOR/CO-FOUNDER

Sebastian Bauch is Managing Director at ARGONAS und has more than 15 years of experience in Corporate Finance Advisory und Consulting. 

At ARGONAS, Sebastian leads M&A and financing projects across a broad spectrum of industries, sectors and company situations. Sebastian’s focus areas are the sectors Software / Technology, Healthcare and Retail / E-Commerce as well as the support of growth businesses. 

Selected transaction references comprise inter alia the sale of Nissen & Velten Software to Main Capital as well as the buyout financing of Italpresse for Auctus Capital Partners. 

Prior to co-founding ARGONAS, Sebastian worked for IEG – Investment Banking in Berlin between 2006 and 2011, where he advised midmarket companies as well as multinational corporations on midmarket M&A transactions in Germany, Eastern Europe, Turkey and India. Sebastian previously also worked at BearingPoint in Frankfurt and KPMG in Hanover. 

Sebastian holds a degree in business administration from Humboldt-University Berlin.