Mummert & Company advises nextevolution AG on the sale of its shareholding in the IT service company BGS AG

Munich, 12. January 2011 - Mummert & Company, an independent corporate finance advisor headquartered in Munich, exclusively advised nextevolution AG on the sale of all shares in BGS Beratungsgesellschaft Software Systemplanung AG (BGS AG). BGS is an IT service company focused on the defense, public administration as well as media and broadcast industries in Germany. In course of this transaction, nextevolution AG sold 90% of the equity of BGS AG to DATAGROUP IT Services Holding AG effective as of the end of 2010. The remaining 10% of the shares are held by the company itself. The purchase price is in the middle single-digit million euro range and will be paid in cash and shares of DATAGROUP.
BGS AG is a consulting and software house for the optimization of business processes. BGS was acquired by nextevolution AG in 2007. With offices in St. Augustin, Mainz and Wilhelmshaven, BGS achieves annual turnover of about 15 Mio. € with 115 employees. The business activities will continue to be managed by the two board members Hermann Kiefer and Thomas Reitz as well as Nils Manegold, CEO. DATAGROUP plans to continue to develop the existing business activities and BGS will continue to focus on its core markets and customers.
„With the competence and service spectrum of DATAGROUP AG, we found a well-positioned purchaser to continue BGS AG’s development with all of its high-qualified employees. Selling BGS AG will allow nextevolution AG to focus on our main competences as well as strengthen our competitive position. With the sale, we further improve all of our key balance sheet ratios “, said Nils Manegold, CEO of nextevolution AG.
Hans Hermann Schaber, CEO of DATAGROUP AG commented: “The purchase of BGS AG is a consequent continuation of our growth strategy in the direction of premium IT services. BGS brings highly-qualified employees with deep IT skills. The long-term customer relationships supplement and enlarge our portfolio very well. We are looking forward to cooperate with our new colleagues and we are pleased that the management team of this very successful company will remain on board.“
“DATAGROUP AG is the perfect partner for BGS AG to continue their growth in the public and private sectors and ensure the continued high quality of their services in the future”, explained Melville Mummert, Managing Partner at Mummert & Company.

Short Profile Mummert & Company Corporate Finance GmbH:
Mummert & Company is a leading corporate finance advisor, specialized in the sectors High-Tech, Industrial Technologies, Life Sciences, Energy and Services. With offices in Munich, Vienna and Princeton (USA), Mummert & Company provides advisory services for the purchase or sale of companies or shareholdings (mergers & acquisitions), for the raising of equity capital (venture capital, private equity or the capital markets) and debt capital, for restructurings, for valuations (fairness opinions) as well as for the privatization of government-owned enterprises.
Detailed information about Mummert & Company is available at www.mummertcompany.com

Short Profile nextevolution AG:
Nextevolution AG bundled authority, experiences and knowledge in subsidiary companies to form the enterprise group the nextevolution. Each enterprise employs only specialists in their area and offers the best conditions for successful projects within the group. The nextevolution group creates value increases, by combining the specialized know-how in dedicated industries with methodical knowledge for its customers. In addition, the group offers software and infrastructure solutions tested in practical applications.
Detailed information about nextevolution AG is available at www.nextevolution.de

Short Profile DATAGROUP AG:
DATAGROUP focuses on efficient administration, the acquisition and the restructuring of IT services and IT solutions companies in Germany, that support the whole life cycle of IT infrastructures. DATAGROUP is aiming at being the leading provider of of cloud services for the German middle markethat. With a "buy and turn around" and "buy and build"strategy DATAGROUP actively shapens the consolidation process of the IT services market.
Detailed information about DATAGROUP AG is available at www.datagroup.de

Vanessa Kuenstler
Mummert & Company Corporate Finance GmbH
Prinzregentenstrasse 48, 80538 Munich
Tel. +49 (89) 23 23 77 30 Fax +49 (89) 23 23 77 77
kuenstler@mummertcompany.com

This release was published on openPR.