Transaction
Pava Partners exclusively advised the shareholders of procilon IT-Logistics GmbH, procilon IT-Solutions GmbH and protectr GmbH (“procilon GROUP”) on the expansion of the shareholder base to include Harald Quandt Industriebeteiligungen (“HQIB”).
The procilon GROUP is a complete provider of software solutions for secure digital communication, identification and storage of confidential information. For more than 15 years, the companies of the group have specialized in the self-development of cryptologic software applications as well as strategic consulting on information security and data protection.
The founder of the procilon GROUP, Steffen Scholz, will remain with the company as an active shareholder. The two Managing Directors Torsten Rienaß and Jürgen Vogler also continue to act in their positions. The parties have agreed not to disclose financial terms of the transaction.
The partnership with HQIB, an industrial holding firm company focused on high-potential medium-sized companies, will enable procilon GROUP to continue its growth track by continuing to pursue the successful business strategy and expanding the portfolio with complementary technologies. Inorganic growth will hereby play a significant role.
Client
About procilon
Founded in 2001 and headquartered in Leipzig with subsidiaries in Berlin and Dortmund, procilon GROUP advises its clients on all matters relating to information security and data protection. The company is a leading full-service provider of cryptographic software and offers a modular product portfolio for the secure digital communication, identification and storage of data. More than 1,400 companies, organizations and authorities currently trust the solutions of procilon as a reliable provider of ‘IT security made in Germany’ that meets the highest certified security standards.
For more information: www.procilon.de.
Buyer
About Harald Quandt Industriebeteiligungen
Harald Quandt Industriebeteiligungen GmbH is the principal investment firm of the family Harald Quandt joined by a small, selected number of (industrial) families and partners. HQIB invests in small- and medium-sized companies within the German-speaking region that are leading in established and technologically sophisticated market niches with attractive growth potential. As an industrial holding company, HQIB pursues a long-term, sustainable investment approach and is not subject to any time restrictions or limited investment periods.
Further information can be found at www.hq-ib.com.
