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Bregal Unternehmerkapital sells proALPHA stake

Funds advised by Bregal Unternehmerkapital have sold their majority holding in enterprise resource planning (ERP) provider proALPHA.

These shares were acquired by the management team and by funds advised by the international investment firm Intermediate Capital Group (ICG). Bregal will remain involved in the further development of proALPHA through a continuing interest. The transactions are pending, subject to approval by competition authorities.
 
proALPHA is one of the largest providers of ERP solutions for medium-sized manufacturing and trading companies in the DACH Region. Customers use its flexible and scalable ERP solution to control all processes along the value chain. Over the last years, the company has managed to consistently outgrow the market, with revenues topping EUR100 million in fiscal year 2016. Just last year, the 25th anniversary of its founding, proALPHA acquired the Swiss Codex Group and opened its first office in China.
 
The funds advised by Bregal acquired their majority holding in proALPHA in 2013 from members of the founding team and Beaufort Capital. In addition to capital, expertise in internationalisation and the development of an M&A strategy, Bregal supported proALPHA with an extensive network of experts.
 
Friedrich Neumeyer, CEO of proALPHA, says: “We’d like to thank Bregal for its energetic commitment. We now have two experienced partners on our side, and new capital resources for growth investments.”

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