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Main Capital Partners exits German financial software company b+m Group

Main Capital Partners (Main) has successfully completed the sale of financial software provider b+m Group to German technology investor LEA Partners, representing its first divestment in the DACH region.

Main Capital initially acquired b+m from publicly listed Allgeier SE in 2015. During their six year partnership, Main and b+m have successfully more than tripled recurring revenues, while also significantly increasing profitability. The b+m team has also expanded from approximately 90 to nearly 150 employees over the period.

Headquartered near Kiel in Germany, b+m Group develops software solutions for banks and insurance companies as a full-service provider of innovative products to manage, among others, the application processes for promotional loans and calculation of pensions. b+m Group has become a market leader in the DACH region among savings banks, commercial banks and insurance companies.

Sven van Berge, Partner and Head of Germany at Main Capital, says: “We are very proud of what we have achieved over the last six years, together with the team from b+m. In particular, our progression to a more recurring, software-centric service offering was a great step forward for the company and allowed for significant growth opportunities while also increasing profit margins. With the acquisition of engram in 2017, we also supported the investment with further capital while at the same time helping to extend the software portfolio in the financial sector. We are thankful for a great collaboration and are happy to have found a good home for b+m with LEA Partners.”

Frank Mielke, CEO at b+m Group, says: “We have made a strong step forward in recent years with the influential support of Main Capital. Their dedicated team provided continuous support to help us achieve our strategic goals. We also highly valued the market insights and vast network Main has in the sector as a truly specialised software investor, which ultimately also led to our successful acquisition of engram in 2017. We look forward to continuing this growth path in collaboration with LEA.”

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