Case Studies
We uncover opportunities and actual risks that affect asset valuation and fuel growth.
We are a trusted, long-term partner to our clients, backed by our proven track record, deep technical and product domain knowledge, and firsthand entrepreneurial and finance experience.
Code & Co.’s advice has been outstanding. Their ability to combine deep technological and software expertise with commercial acumen is unique in the market. Combined with a deep senior involvement, an exceptional quality level and a down-to-earth attitude makes them my advisor of choice.

Kai Roolf
Afinum, Partner
Selected Success Stories
Discover by
Asset Class
Sector
- AGTech
- ADTech & Marketing
- API & Cloud Services
- Consent Management Platform
- Business Process Automation
- Consumer & Entertainment
- Crypto & Blockchain
- Cybersecurity & Digital Identity
- Data Analytics & AI
- E-commerce & Marketplaces
- EDTech
- ERP & CRM Systems
- FinTech & FIS
- ESG & Sustainability
- GovTech
- HealthTech
- HR & Employee Management
- Industry 4.0 & IOT
- IT Services & Consulting
- Logistics & Operations
- Output Management
- LegalTech
- FinTech & FIS
Code & Co. provides Bregal Milestone with Exit Readiness Tech & Product Due Diligence prior to the sale of its portfolio company Epassi, recognized by The Financial Times as one of the fastest growing companies in Europe, to TA Associates and Warburg Pincus.
View case study- E-commerce & Marketplaces
Code & Co. advises the Haus Cramer Group on Tech & Product DD for its investment in Bierothek, a leading craft beer retailer in Central Europe.
View case study- HealthTech
Code & Co. advised medavis GmbH, a portfolio company of funds advised by Bregal Unternehmerkapital, ahead of the investment in epiNET GmbH, a leading software provider for hygiene management in the DACH region.
View case study- Business Process Automation
Code & Co. provides Tech & Product Due Diligence ahead of the acquisition of B2B sales software Tendex.
View case study- LegalTech
Code & Co. provides Tech & Product DD ahead of the acquisition of leading AI-powered LegalTech software provider Knowliah.
View case study- HR & Employee Management
Code & Co. provides Tech & Product DD to ECM-managed fund ahead of the investment in tech-enabled talent acquisition specialist ONE HIRING.
View case study- ESG & Sustainability
- IT Services & Consulting
Code & Co. provides Tech & Product Due Diligence to NORD Holding and VERSO prior to VERSO joining forces with sustainabill and Silvester Group.
View case study- Business Process Automation
Code & Co. provides Tech & Product DD to SEP ahead of the growth investment in Cora, a leading enterprise project and portfolio management solution.
View case study- FinTech & FIS
Code & Co. provides Tech & Product DD to Aquiline Capital Partners ahead of the $95m Series E investment in global FinTech.
View case study- ADTech & Marketing
Code & Co. provides Tech & Product DD to Bregal Unternehmerkapital and MEDIA Central Gruppe/Offerista Group, which are joining forces with ShopFully to establish themselves as Europe's leading drive-to-store marketing platform.
View case study- Business Process Automation
Code & Co. provides Tech & Product Due Diligence to One Peak ahead of the $30M growth investment in hygraph, a leading enterprise-grade headless CMS and content federation SaaS
View case study- FinTech & FIS
Code & Co. provides Tech & Product Due Diligence to LucaNet ahead of the acquisition of AMANA, the leading software provider for accounting and tax solutions in Europe
View case study- Business Process Automation
Code & Co. provides Tech & Product Due Diligence to Armira Growth ahead of its growth investment in AI-enabled, barrier-free and ticketless parking management software provider Parkdepot
View case study- AGTech
Code & Co. provides Tech & Product Due Diligence to Avedon Capital Partners ahead of its investment in Kind Technologies
View case study- Business Process Automation
Code & Co. advises GSG GENII Software Group ahead of its acquisition of CPQ software provider camos
View case study- Business Process Automation
Code & Co. provides Tech & Product Due Diligence to YFM ahead of its investment in Automate Pro
View case study- FinTech & FIS
Code & Co. advises Riverside and Montel Group ahead of their acquisition of data and analytics provider EnAppSys.
View case study- HR & Employee Management
Code & Co. provides Tech & Product Due Diligence to Riverside Company as it enters into a partnership with the founder team of Germany-based Gastromatic
View case study- Industry 4.0 & IOT
Code & Co. provides Tech & Product Due Diligence to SEMA Group in advance of its acquisition of Compass Software GmbH
View case study- ERP & CRM Systems
Code & Co. advises Investcorp ahead of its investment in leading US channel management platform provider Zift Solutions to accelerate growth and expand market leadership
View case study- ESG & Sustainability
- IT Services & Consulting
Code & Co. provides Tech & Product Due Diligence to NORD Holding ahead of its investment in ESG software pioneer VERSO
View case study- LegalTech
Code & Co. provides Tech & Product Due Diligence to STP Group ahead of its acquisition of Advo-web
View case study- HealthTech
Code & Co. provides Tech and Product Due Diligence to the GUS Group prior to its majority investment in LIMS MELOS
View case study- FinTech & FIS
Code & Co. provides Tech & Product Due Diligence to ACTICO ahead of its acquisition of a majority stake in Fact
View case study- API & Cloud Services
- IT Services & Consulting
Code & Co. provides Tech & Product Due Diligence to Investcorp ahead of its investment in NourNet
View case study- Logistics & Operations
Code & Co. provided Tech & Product Due Diligence to Investcorp ahead of its lead investment in the $100m Series C round in TruKKer
View case study- Industry 4.0 & IOT
- IT Services & Consulting
Code & Co. advises Armira ahead of its investment in welding technology firm EWM Group
View case study- Business Process Automation
- ERP & CRM Systems
- Output Management
Code & Co. provides Tech and Product Due Diligence to Bregal Unternehmerkapital and GENII Software Group ahead of the acquisition of Compart
View case study- HealthTech
Code & Co. provides Tech & Product Due Diligence to Bregal Unternehmerkapital ahead of its acquisition of medavis
View case study- Business Process Automation
- ERP & CRM Systems
Code & Co. provides Tech & Product Due Diligence to FLEX Capital ahead of its acquisition of ComX
View case study- E-commerce & Marketplaces
Code & Co. provides Tech & Product Due Diligence to IK Partners ahead of its investment in Remazing
View case study- HealthTech
Code & Co. provides Tech & Product Due Diligence to Scottish Equity Partners ahead of its investment in Cresset
View case study- ERP & CRM Systems
- ADTech & Marketing
Code & Co. provides Tech & Product Due Diligence to Kennet Partners ahead of its $16.5 million investment in Jiminny
View case study- Business Process Automation
- IT Services & Consulting
Code & Co. advises LIGANOVA ahead of its acquisition of a majority stake in ESG software provider Spenoki
View case study- Data Analytics & AI
- ADTech & Marketing
Code & Co. provides Tech & Product Due Diligence to Bayern Kapital on its follow-on investment in Ryte
View case study- FinTech & FIS
Code & Co. provides Tech & Product Due Diligence to Bayern Kapital ahead of its investment in knowis
View case study- ERP & CRM Systems
Code & Co. advise GENUI ahead of its acquisition of a majority stake in Magnolia
View case study- EDTech
Code & Co. provides Tech & Product Due Diligence to Bregal Milestone ahead of it leading the $64m growth investment round in Odilo, a B2B2C provider of customizable e-learning services for businesses
View case study- FinTech & FIS
Code & Co. advises Riverside on acquisition of Montel, a Norwegian provider of energy and electricity market information
View case study- Data Analytics & AI
- IT Services & Consulting
Code & Co. provides Tech & Product Due Diligence to Ufenau Capital Partners ahead of its acquisition of a majority stake in Datalogue
View case study- Business Process Automation
- Data Analytics & AI
Code & Co. provides Tech & Product Due Diligence to Bregal Milestone ahead of the $70M growth investment in Productsup, a leading P2C commerce data integration software company
View case study- Business Process Automation
- ERP & CRM Systems
Code & Co. provides Tech & Product Due Diligence to Bregal Unternehmerkapital ahead of its majority-stake acquisition of SEMA, a market leader in the field of 3D/2D CAD/CAM software
View case study- ERP & CRM Systems
Code & Co. provides Tech & Product Due Diligence to Iptor, ahead of its acquisition of TimberTec, a leading provider of ERP and MES software for the timber industry
View case study- HR & Employee Management
Tech & Product DD for Yttrium (Digital+ Partners) ahead of the $47M growth investment in career platform HeyJobs
View case study- HR & Employee Management
Code & Co. advises Armira Growth on Tech & Product Due Diligence in the growth funding (led by LEA Partners and Armira Growth) in recruiting platform Workwise
View case study- EDTech
Code & Co. provides Tech & Product Due Diligence to Trill Impact ahead of its majority-stake growth investment in karriere tutor, leading provider of advanced vocational online-based training
View case study- Cybersecurity & Digital Identity
Code & Co. provides Tech & Product Due Diligence to Equistone ahead of its acquisition of eperi, a data protection and cybersecurity software specialist
View case study- Business Process Automation
Code & Co. provides Tech & Product Due Diligence to Armira Growth and Project A ahead of their investment in yoummday, a fast-growing customer service platform
View case study- Business Process Automation
- Data Analytics & AI
Code & Co. provides Tech & Product Due Diligence to Bregal Unternehmerkapital ahead of its acquisition of Theobald Software, a leading software provider for data extraction from SAP systems
View case study- Business Process Automation
Code & Co. provides Tech & Product Due Diligence to PSG and Sport Alliance ahead of their acquisition of gym management software easySolution
View case study- GovTech
- ERP & CRM Systems
Code & Co. provides Tech & Product Due Diligence to vpv partners ahead of its investment in CMI AG, a leading GovTech and school software company from Switzerland
View case study- E-commerce & Marketplaces
- Industry 4.0 & IOT
Code & Co. provides Tech & Product Due Diligence ahead of IK Partners' investment in B2B e-commerce specialist STEIN HGS
View case study- ERP & CRM Systems
- Industry 4.0 & IOT
Code & Co. provided Tech & Product Due Diligence to Bregal Unternehmerkapital ahead of the majority stake acquisition of a leading discrete manufacturing ERP
View case study- Business Process Automation
- Consumer & Entertainment
Code & Co. advises Expedition Growth Capital ahead of its $10M investment in Storykit, a video creator tool that enables everyone who can write text to create video
View case study- Output Management
Code & Co. provides Tech & Product Due Diligence to FLEX Capital ahead of its acquisition of output management leader Formware
View case study- Cybersecurity & Digital Identity
- EDTech
Code & Co. advises Impero, an Investcorp Technology Partners portfolio company, ahead of its acquisition of leading web filtering solution for the global K-12 market
View case study- FinTech & FIS
Code & Co. advises Speedinvest ahead of its investment in Kevin, a novel payment solution that transforms expensive card transactions into A2A payments
View case study- HealthTech
- ERP & CRM Systems
Code & Co. provides Tech & Product Due Diligence to FLEX Capital ahead of its acquisition of a market-leading ERP for audiologists, opticians, and therapists
View case study- HealthTech
Code & Co. advises GUS Group ahead of its investment in DORNER Health IT Solutions, a leading provider of modern and integrated laboratory software
View case study- Business Process Automation
- Cybersecurity & Digital Identity
Code & Co. advises Yttrium (Digital+ Partners) on Tech & Product Due Diligence in its growth investment in FTAPI, a leading software provider for secure data transfer and secure workflow automation
View case study- ADTech & Marketing
Code & Co. provides Tech & Product Due Diligence to Expedition Growth Capital ahead of its investment in Batch
View case study- E-commerce & Marketplaces
- Consumer & Entertainment
Tech & Product Due Diligence for capiton ahead of Vitafy Brands and EVP Group’s plan to join forces to create a multi-channel consumer health e-commerce champion
View case study- Cybersecurity & Digital Identity
Code & Co. advises Turkven on Tech & Product Due Diligence in its growth investment in Picus Security, a leading Security Control Validation platform
View case study- FinTech & FIS
Code & Co. provides Tech & Product Due Diligence to Investcorp in connection with its acquisition of innovative payments and e-wallet platform operator MIR Limited
View case study- API & Cloud Services
Code & Co. provides Tech & Product Due Diligence to SEP ahead of its growth investment in Tyk, a leading cloud-native Full Life Cycle API Management Platform
View case study- Business Process Automation
- ERP & CRM Systems
- IT Services & Consulting
Code & Co. provides Tech & Product Due Diligence to teccle group ahead of its acquisition of Workplace-as-a-service and IT services provider Aluxo
View case study- HR & Employee Management
Code & Co. provides Tech & Product Due Diligence to Maguar Capital on its investment in HR Tech and Workflow Management software provider Ingentis
View case study- ERP & CRM Systems
- IT Services & Consulting
Code & Co. provides Tech & Product Due Diligence to Maguar Capital in connection with its investment in Software and IT Services Provider NAVAX
View case study- Business Process Automation
- ERP & CRM Systems
Code & Co. provides Tech & Product Due Diligence to Bregal Milestone ahead of its $70m investment in Teamwork
View case study- ADTech & Marketing
Code & Co. provides Tech & Product Due Diligence to Investcorp in connection with its acquisition of CloudCare, a leading Italian tech-enabled digital sales and marketing platform
View case study- FinTech & FIS
Code & Co. advises Speedinvest and Seaya Ventures ahead of their $9.4M investment in white label fintech platform Toqio
View case study- E-commerce & Marketplaces
- Business Process Automation
$30M growth funding for eStoreMedia, a leading digital shelf automation software provider for Fortune 500 brands
View case study- Industry 4.0 & IOT
Code & Co. advises Actera Group, the largest Turkey-focused private equity firm, ahead of its investment in Litum, a global technology player in RTLS, IoT, and Industry 4.0 solutions
View case study- ADTech & Marketing
- Business Process Automation
Code & Co. advises Bregal Milestone ahead of its $115M investment in Uberall, a global location marketing SaaS champion
View case study- Cybersecurity & Digital Identity
Code & Co. provides Tech & Product Due Diligence to IDnow ahead of its acquisition of French identity technology provider ARIADNEXT
View case study- Logistics & Operations
Code & Co. advises TCV on tech & product due diligence in its investment in FarEye, a leading end-to-end, global delivery management platform
View case study- Consumer & Entertainment
Code & Co. advises TCV on tech & product due diligence in its investment in Dream Sports, owner of fantasy sports app Dream11 from India
View case study- FinTech & FIS
€50M growth funding for sevDesk, a leading cloud-native accounting platform for self-employed, freelancers, and small businesses
View case study- Business Process Automation
- FinTech & FIS
Code & Co. advises HTGF on its investment in tech11, an innovative core insurance platform
View case study- ERP & CRM Systems
- FinTech & FIS
Code & Co. advises ECM ahead of its growth investment in driving school market services provider Academy
View case study- FinTech & FIS
- EDTech
Code & Co. provides Tech & Product DD to Kennet ahead of its investment in nudge, a well-received FinTech platform
View case study- ERP & CRM Systems
- Business Process Automation
Code & Co. provides Tech & Product DD to Kennet Partners on its investment in Scoro, a provider of work management software for collaborative teams in the professional services and creative industries
View case study- Business Process Automation
- FinTech & FIS
Code & Co. advises Bregal Unternehmerkapital on its majority stake acquisition of Actico, a leading provider of intelligent business process automation and digital decision-making software
View case study- HealthTech
- E-commerce & Marketplaces
Code & Co. advises capiton as it acquires a majority stake in Wundex
View case study- Cybersecurity & Digital Identity
Code & Co. advises IDnow as it acquires identity Trust Management AG and takes another significant step towards becoming one of the leading identity platforms in Europe.
View case study- ADTech & Marketing
Code & Co. advises Investcorp on its acquisition of Investis Digital, the partner of choice for corporates seeking to enhance their digital footprint.
View case study- Logistics & Operations
Code & Co. advises ECM on its investment in telematics software provider YellowFox
View case study- Data Analytics & AI
Code & Co. advises Kennet on the $13M growth investment in Grip, an AI-enabled market engagement platform for virtual and in-person events
View case study- Business Process Automation
- ERP & CRM Systems
Code & Co. advises Kennet on the $17M growth investment in Provar, the leading test automation platform for Salesforce worldwide.
View case study- LegalTech
- Business Process Automation
Code & Co. advises Bregal Unternehmerkapital on the acquisition of STP, a leading Legal Tech software provider, from Hg Capital
View case study- Crypto & Blockchain
Code & Co. advises Insurtech Gateway on its investment in Nayms, a crypto-native insurance solution
View case study- Data Analytics & AI
Code & Co. advises Uniphore on the acquisition of Emotion Research Lab
View case study- HealthTech
Code & Co. advises Unbound on the Series B growth investment in smart fitness mirror manufacturer VAHA
View case study- Logistics & Operations
Code & Co. advises Bregal Milestone on the $53M growth investment in Paack, a leading European Last-Mile Delivery Platform
View case study- ERP & CRM Systems
- Industry 4.0 & IOT
Code & Co. helps EnBW New Ventures lead Series A+ funding in a promising 3D printing software startup
View case study- FinTech & FIS
Code & Co. advises Corsair Capital on the acquisition of the global B2B payment and credit solutions provider MSTS
View case study- Data Analytics & AI
Code & Co. provides Tech & Product Due Diligence to HTGF ahead of its investment in deep-tech AI startup natif.ai
View case study- FinTech & FIS
- Consumer & Entertainment
Code & Co. advises Silver Lake on the acquisition of Goldman-backed Groupe Meilleurtaux, a leading French financial services broker
View case study- Cybersecurity & Digital Identity
- Data Analytics & AI
Code & Co. advises ALSTIN Capital on their investment in NECT, AI-powered verification software
View case study- FinTech & FIS
- Data Analytics & AI
- E-commerce & Marketplaces
Code & Co. provides Tech & Product Due Diligence to HTGF prior to their investment in 7Learnings, a machine learning enabled dynamic pricing software for retailers.
View case study- Cybersecurity & Digital Identity
- Data Analytics & AI
Code & Co. advises Investcorp Technology Partners on the $180 million acquisition of cybersecurity champion Avira
View case study- Cybersecurity & Digital Identity
- Data Analytics & AI
Marlin Equity acquires Heimdal Security, a leading European provider of cloud-based cybersecurity solutions
View case study- Cybersecurity & Digital Identity
Code & Co. advises Corsair Capital on the $40M growth investment in IDnow
View case study- Cybersecurity & Digital Identity
Code & Co. advises Investcorp on the acquisition of Vivaticket, a leading provider of integrated ticketing solutions
View case study- Consent Management Platform
Code & Co. advises ALSTIN Capital on their investment in leading Consent Management Platform
View case study- Crypto & Blockchain
Code & Co. advises Insurtech Gateway on the investment in the fast-growing crypto insurer Coincover
View case study- E-commerce & Marketplaces
- Consumer & Entertainment
Code & Co. provides Tech & Product Due Diligence to Investcorp ahead of its majority stake investment into Contentserv
View case study- HR & Employee Management
- E-commerce & Marketplaces
Code & Co. advises Kennet Partners on the investment in eloomi, a leading employee experience platform
View case study- ADTech & Marketing
Code & Co. advises Mapp, a Marlin Equity portfolio company, on the acquisition of customer intelligence platform Webtrekk
View case study- HealthTech
Code & Co. advises Investcorp on the acquisition of a majority stake in Cambio Healthcare Systems
View case study- Industry 4.0 & IOT
Code & Co. advised Investcorp Technology Partners on the carve-out of Ubisense’s SmartSpace, a leader in Industrial Internet of Things (IIoT)
View case study- HR & Employee Management
Code & Co. provides Tech & Product Due Diligence to Investcorp Technology Partners ahead of its acquisition of Softgarden, an innovative recruitment technology platform.
View case study- E-commerce & Marketplaces
- Consumer & Entertainment
Code & Co. advises Silver Lake on the $3B acquisition of leading property portal Zoopla
View case study- HealthTech
Code & Co. provides Tech & Product Due Diligence to HTGF ahead of its investment in Selfapy, a digital therapeutics solution to help treat mental illnesses.
View case study
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