20 Aug 2019

Funds advised by PDM support EMERAM’s acquisition of ]init[, a leading German full service digital agency

Permira Debt Managers (“PDM”), one of Europe’s leading specialist debt investors, today announces that funds it advises are acting as sole senior secured lender in EMERAM’s acquisition of ]init[. The funding will support the existing management’s growth strategy.

The deal is PDM’s second with EMERAM - the first also in the digital agency space with Diva-e - and continues their strategy of supporting high-quality sponsors and ambitious niche market leaders.

]init[ is a leading German full service digital agency that designs and implements IT services and digital communications solutions predominantly for public sector institutions. The portfolio includes the development and implementation of digitisation strategies (including eGovernment), the creation and operation of websites and portals, consulting services in the areas of IT Strategy/IT-Security, as well as data center operations, Cloud and IT managed services. The company was founded in 1995 by Dirk Stocksmeier who will continue his role as CEO going forward. ]init[employs more than 500 people at its headquarters in Berlin as well as in Cologne, Mainz, Munich, Delhi and Brussels.

Jens Bauer, Investment Director at PDM, said:

“We are delighted to have been able to support EMERAM again on an acquisition in a sector that they are highly experienced in. ]init[ is a leader in a fragmented market that continues to grow as the public sector continues to drive digitisation of services. ]init[ has a significantly strong financial track record, with consistent double digit revenue growth and a strong pipeline. It is well-placed to build on its success and continue its growth trajectory. We look forward to working with EMERAM and the management team at ]init[ through the next stages of this business’ development.”

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