References

HPE Growth Capital / AEVI


Baker Tilly Roelfs advised HPE Growth Capital (HPE) in the acquisition of a minority stake in AEVI, a subsidiary of Wincor Nixdorf AG. The acquisition occurred through a capital increase with retroactive effect from October 1st, 2015. The team headed by Siegfried Hund and Friedrich Wamsler supported the transaction by performing an integrated financial and tax due diligence.

HPE Growth Capital, based in Amsterdam (Netherlands) and Dusseldorf (Germany), is a private equity investor providing growth capital to small and mid-cap technology companies across Western Europe. HPE provides its investments with relevant experience and institutional capital to support outstanding management teams in accelerating growth.

AEVI is headquartered in Paderborn (Germany) and had been carved out of the Wincor Nixdorf group as of October 1st, 2015 in a move which saw it position itself as an independent company with the aim of becoming a global leader in the dynamic market for cashless payment solutions. The company has developed a unique open ECO system to bring merchant banks / merchant acquirers closer to their merchants, and merchants closer to their consumers. It provides a global gateway for payment transactions together with a marketplace for high quality value added apps and services (VAAS) by providing new business opportunities beyond payments. This enables fast and effective innovation, plus enhanced control and flexibility. AEVI works with its customers to help them embrace collaboration and adopt open solutions that have the power to deliver more value and meet the needs of today’s consumer.

The up to EUR 30m capital increase intends to further accelerate AEVI’s strong growth and to expand its global presence. The company targets to promote its internationalization, intensify its sales and marketing activities, and to invest in further innovations in payments and the B2B marketplace.

Quick Facts

HPE Growth Capital

  • Private Equity Investor

AEVI

  • Cashless Payment Services
  • Employees: approx. 100

Deal Volume

  • Capital increase up to EUR 30m

Services Provided

  • Financial Due Diligence
  • Tax Due Diligence

Team   

  • Siegfried Hund
  • Friedrich Wamsler