Arma Partners has acted as exclusive financial advisor to Summa Equity on its acquisition of a majority stake in myneva, a European software provider for the social care sector, from BID Equity.
Founded in 2017 and headquartered in Hamburg, myneva offers dedicated SaaS solutions across the elderly, disabled, social and youth care sectors, helping care providers digitise their workflows, better manage increased demand for care and respond to evolving patient needs. myneva was formed through the merger of the Regas Group, Heimbas and Daarwin and the subsequent acquisition of six established and independent software specialists. Since then, the company has experienced double-digit growth and now operates in six countries across Europe with 220 employees and around 2,000 customers.
Under Summa Equity ownership, myneva will pursue significant opportunities for further growth and international expansion, delivering both financial returns and numerous social benefits. As Summa’s first investment in Germany, this deal also represents a significant milestone for the fund’s ambitions in the DACH region and across Europe.
Following the recent sale of Allocate Software to RLDatix, this transaction highlights Arma Partners’ continued success in the Digital Health segment and our track record of working with private equity firms on cross-border deals.