Proventis Partners advised mobileX AG

The shareholders of Munich-based mobileX AG, a leading provider of software solutions for Field Service Management (FSM), have sold 100% of their shares to Solvares Group, a portfolio company of Deutsche Beteiligungs AG, Frankfurt am Main. mobileX has been a premium provider in the FSM market for more than 20 years and supports medium-sized and large companies with its deployment planning and mobile solutions for technical customer service and maintenance.

mobileX AG, founded in Munich in 2000, is one of the German pioneers as a provider of field service management software solutions. More than 12,000 users worldwide use software products from mobileX. The FSM market itself is growing at a rate of approx. 15% p.a. and is estimated to exceed USD 7 billion in 2027. Proventis Partners was mandated by the company and its shareholders to find a strategic partner for mobileX in order to exploit growth potential, both geographically and sectorally.

The Solvares Group won the structured, global process. The Solvares Group, a portfolio company of Deutsche Beteiligungs AG (DBAG) and the DBAG Expansion Capital Fund (ECF), which it advises, is the European market leader for resource optimization and was formed from the mergers of FLS, portatour, Städtler and opheo. mobileX is the fifth acquisition since DBAG and DBAG ECF joined the company.

The decisive factors were both the strategic and technical fit as well as the cultural fit between the two companies. As a result, the management board of mobileX remains completely on board to shape the joint perspective for mobileX in the Solvares Group.

Proventis Partners acted as exclusive M&A advisor to the shareholders of mobileX in the preparation and implementation of the transaction. In addition to the implementation of a structured sales process, the consulting services included the preparation of marketing and transaction documents, identification and approach of potential investors including management presentations as well as support in the due diligence and negotiation of the transaction. During the sales process, the Solvares Group was quickly identified by the sellers as the preferred partner, as the two software platforms complement each other perfectly. For Proventis, the focus was not only on providing technical transaction advice, but also on harmonizing the seller’s interests, as four of the five sellers remained operationally in the company (three of them on the board of directors) and one seller had only a shareholder role. The transaction team of Proventis Partners consisted of Jan Pörschmann (Managing Partner, Munich), Florian Liepert (Director, Munich) and Maximilian Gluchowski (Senior Associate, Munich).