Gütt Olk Feldhaus advises Tenzing Private Equity on the acquisition of Mahr EDV
Munich, Germany — European tech investor Tenzing today announced that it has invested in Mahr EDV (“Mahr”), a provider of managed IT services for small and medium-sized enterprises (SMEs). This collaboration represents an important milestone for Tenzing, as it is the first European investment since its expansion into the DACH region in January 2023.
Tenzing, a European technology investor headquartered in London with additional offices in Stockholm and Munich, focuses on investments in technology and technology-oriented companies.
Mahr was founded in 1999 by visionary CEO Fabian Mahr and is headquartered in Berlin. With a strong presence throughout Germany, including key locations such as Düsseldorf, Cologne, Dresden, Leipzig, Essen and Hamburg, Mahr has a dynamic team of over 180 experts. The dedicated employees serve a diversified customer base of more than 600 medium-sized customers, most of which are located in Germany.
In times of IT skills shortages and constant cyber threats, demand for IT outsourcing and managed cloud services continues unabated. Mahr is ready to tackle these challenges head-on with its one-face-to-the-customer approach tailored to the under-digitized German SME sector.
The company’s unwavering commitment to unparalleled customer service was recognized in the leading DACH IT services study, “Best IT Service Providers,” conducted by IT decision-makers from 2,500 midsize companies and conducted by ChannelPartner and the market research institute iSCM: Mahr took first place among more than 700 IT service providers in the categories of expertise, strategic customer understanding and response time.
Fabian Mahr, founder and CEO of Mahr, comments: “In the search for the perfect partner, Mahr has shown a lot of patience, because we know that our true potential can only be realized with the right alliance. While we achieved key milestones on our own, the dynamic and highly competitive IT landscape required a partner with the expertise and agility to help us execute our expansion plans. Tenzing goes beyond the traditional M&A role; they are the bridge that will quickly take us to a promising future. Their innovative thinking and approach to value creation seamlessly complements our unconventional approach to problem solving.”
Christian Ramme, Investment Lead DACH at Tenzing (Photo © TENZING), added: “The DACH IT services market, worth €4.8 billion and growing at 7.6% annually, holds immense potential for Mahr. Mahr has increased its sales by 34% in the last 12 months and has been able to open branches in four additional cities, covering all of Germany with 14 locations.”
Mahr is the ninth investment under Tenzing’s £400 million Fund II, which has been investing since 2021 and is one of sixteen high-growth companies in Tenzing’s portfolio.
Legal advisors Tenzing: Gütt Olk Feldhaus, Munich
Dr. Heiner Feldhaus (Lead Partner), Adrian von Prittwitz, LL.M. (LSE) (both partners, M&A/Corporate), Thomas Becker, LL.M. (Of Counsel, IP/IT/Data Protection and Commercial), Matthias Uelner (Senior Associate), Sophie Steffen (Associate; both M&A/Corporate)
Altenburg Fachanwälte für Arbeitsrecht, Munich: Andreas Ege, Dr. Dirk Schnelle (both Labor Law)
held jaguttis, Cologne: Dr. Simeon Held, Dr. Malte Jaguttis, Dr. Bernard Altpeter, Dr. Alexander Pehl (all Public Commercial Law)
Kind & Drews, Düsseldorf: Dr. Ernesto Drews (Tax, Real Estate)
Consultant Tenzing:
Houlihan Lokey (M&A), OMMAX (Commercial) and KPMG (Financial and Tax) advised.