EIGHT ADVISORY GERMANY advised IK Partners on the acquisition of CONET Group, a German IT transformation solution provider with headquarters in Hennef, Germany.
IK Partner’s IX Fund has signed a definitive agreement to acquire the majority stake in CONET from H.I.G. Capital with CONET’s management team investing alongside IK. CONET is a leading German IT consulting, systems integration and software development company in the public and private sector, employing over 1,100 employees across Germany (headquarters), Austria and Croatia.
Together with IK, CONET aims to continue its strong growth track record in the DACH region and strengthen its market leading position for SAP consulting, communication solutions and software development across their core markets.
The Eight Advisory Germany team consisted of Michael Wahl (Managing Partner Germany), Emre Vanlioglu (Director), Ismail Kacmaz, Charles Collier, Sophie von Hugo and Foucault Pellegrin and was responsible for the financial buy-side due diligence.