Code & Co.

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.

Afinum logo

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
Kai Roolf

Afinum, Partner

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Selected Success Stories

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  • Communardo logo
    • Business Process Automation

    Code & Co. conducted Tech & Product Due Diligence for Bregal Unternehmerkapital (“BU”) ahead of its partnership with Communardo, a leading provider of consulting services and software solutions for the digital workplace with a focus on Atlassian and Microsoft.

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  • SORBA logo
    • Business Process Automation

    Code & Co. advises BuildTec Software Group, established by funds advised by Bregal Unternehmerkapital ("BU"), on Tech & Product Due Diligence ahead of its partnership with SORBA EDV AG, a leading provider of construction software in Switzerland.

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  • DemoUp Cliplister logo
    • E-commerce & Marketplaces

    Code & Co. provides Tech & Product Due Diligence to E-Commerce Software Group, a portfolio company of funds advised by Bregal Unternehmerkapital, ahead of the acquisition of DemoUp Cliplister GmbH, a leading SaaS platform for the syndication and management of visual content from brands and e-retailers.

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  • GFOS logo
    • HR & Employee Management

    Code & Co. provides Tech and Product Due Diligence to Riverside, a leading global investment firm focused on providing private capital solutions, ahead of its investment in GFOS, a provider of a workforce management platform.

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  • Husemann & Fritz logo
    • ERP & CRM Systems
    • Business Process Automation

    Code & Co. advises BuildTec Software Group, established by funds advised by Bregal Unternehmerkapital (“BU”), on Tech and Product Due Diligence ahead of its investment in Husemann & Fritz.

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  • Payt logo
    • FinTech & FIS

    Code & Co. advises Partech Partners on Tech & Product Due Diligence ahead of its investment in Payt, a leading accounts receivable SaaS platform.

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  • DMRZ logo
    • FinTech & FIS

    Code & Co. provides Tech & Product Due Diligence to VIA equity ahead of its investment in DMRZ, a leading German provider of cloud-based billing software in the healthcare sector.

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  • Isio logo
    • Wealth Management
    • FinTech & FIS

    Code & Co provides Tech & Product Due Diligence to Aquiline ahead of its investment in Isio, a leading pensions, benefits and investment advisory in the UK.

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  • Xantura logo
    • Data Analytics & AI
    • GovTech

    Code & Co. advises Newton on Tech & Product Due Diligence ahead of its acquisition of Xantura, a leading cloud based analytics platform that enables the public sector to identify individuals in need of support.

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  • medDream logo
    • HealthTech

    Code & Co. provides Tech & Product Due Diligence to medavis Group, a portfolio company of funds advised by Bregal Unternehmerkapital, ahead of its acquisition of MedDream.

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  • Relatech logo
    • API & Cloud Services
    • Business Process Automation
    • ERP & CRM Systems

    Code & Co. offers Tech & Product Due Diligence ahead of the planned Take-Private of Relatech, a leading B2B partner for digital transformation whose shares are listed on the Euronext Milan Growth.

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  • LBR logo
    • LegalTech
    • Data Analytics & AI
    • Business Process Automation

    Code & Co. advises ICG in preparation for its investment in Law Business Research (LBR), a technology-driven information services business powering the global legal, intellectual property and governance, risk, and compliance markets.

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  • WealthOS logo
    • FinTech & FIS

    Code & Co. advises Main Set on Tech & Product Due Diligence ahead of its investment in WealthOS, a leading cloud-native wealth management infrastructure platform provider.

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  • Enocta logo
    • HR & Employee Management
    • EDTech

    Code & Co. advises Turkven on Tech & Product Due Diligence ahead of its investment in Enocta, a leader in the digital education sector.

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  • tetralog systems AG logo
    • FinTech & FIS

    cleversoft group, in partnership with Levine Leichtman Capital Partners (LLCP), received Tech and Product Due Diligence from Code & Co. for the acquisition of tetralog systems AG, a provider of digital investment advisory solutions.

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  • Ultimate Performance logo
    • HealthTech
    • ERP & CRM Systems

    Code & Co. provides Tech & Product Due Diligence to Inflexion ahead of its investment in Ultimate Performance, a provider of premium, tech-enabled personal training services.

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  • DigiPara logo
    • Industry 4.0 & IOT

    Code & Co. conducted Tech & Product Due Diligence for BuildTec Software Group, established by funds advised by Bregal Unternehmerkapital (“BU”), ahead of its investment in DigiPara, a leading specialist in the field of in building information modeling (BIM) for lifts and escalators.

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  • FAST LTA logo
    • Data Storage & Archiving

    Code & Co. advises Summa Equity on Tech & Product Due Diligence in preparation for its majority investment in FAST LTA, a leading German provider of secure data storage and archiving solutions.

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  • Probonio logo
    • HR & Employee Management

    Code & Co. provided Tech & Product Due Diligence to BIKELEASING.DE, a subsidiary of Brockhaus Technologies AG, ahead of its acquisition of Probonio, a Software-as-a-Service (SaaS) provider for the management of a wide range of employee benefits.

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  • Stonebranch logo
    • Business Process Automation
    • IT Services & Consulting

    Code & Co. provides Tech & Product Due Diligence to EMH Partners ahead of its significant minority investment in Stonebranch, a leading provider of service orchestration and automation solutions.

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  • Fluid Topics logo
    • Content Delivery Platform

    Code & Co. provides Tech & Product Due Diligence to Kennet Partners ahead of its investment in FluidTopics, the leading Content Delivery Platform for product information.

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  • Acies logo
    • ERP & CRM Systems
    • Business Process Automation

    Code & Co. advises BuildTec Software Group, established by funds advised by Bregal Unternehmerkapital ("BU"), on Tech & Product Due Diligence ahead of its investment in Acies, a Danish software provider.

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  • amaZervice logo
    • API & Cloud Services
    • E-commerce & Marketplaces
    • FinTech & FIS

    Code & Co. conducted Tech & Product Due Diligence for the E-Commerce Software Group, a portfolio company of funds advised by Bregal Unternehmerkapital (“BU”), on its investment in amaZervice, a leading VAT compliance and invoicing software provider.

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  • Vivup x Perkbox logo
    • HR & Employee Management

    Code & Co. provides Tech & Product Due Diligence to Great Hill Partners ahead of its pending strategic majority investment in a newly formed organization comprising Vivup and Perkbox.

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  • Eurorad logo
    • HR & Employee Management

    Code & Co. provides Tech & Product Due Diligence to Bencis ahead of its acquisition of Eurorad, a pioneer and leader for corporate bike leasing.

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  • Bonrepublic logo
    • HR & Employee Management

    Code & Co. conducted a technology review for HRworks, a portfolio company of Maguar Capital, on its acquisition of Bonrepublic, a leading Austrian talent management software platform.

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  • Screendragon logo
    • Business Process Automation

    Code & Co. provides Tech & Product Due Diligence to Kennet Partners ahead of its investment in fast-growing enterprise work management and workflow automation platform Screendragon.

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  • Glaser logo
    • Industry 4.0 & IOT

    Code & Co. conducted Tech & Product Due Diligence for BuildTec Software Group, a portfolio company of funds managed by Bregal Unternehmerkapital (“BU”), on its investment in Glaser, a construction planning software provider.

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  • Energy Brainpool logo
    • IT Services & Consulting
    • Data Analytics & AI

    Code & Co. delivers Tech and Product Due Diligence to both Riverside Company and Montel Group in preparation for Montel's investment in Energy Brainpool, a leading provider of simulation software, data models, and consulting services within the European energy sector.

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  • Mobaro logo
    • Logistics & Operations
    • ERP & CRM Systems

    Code & Co. provides Tech & Product Due Diligence to VIA equity ahead of its investment in Mobaro, a leading operations software provider for the Leisure, Sports, and Entertainment industries.

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  • Veda logo
    • HR & Employee Management

    Code & Co. provides Tech & Product Due Diligence to Investcorp Technology Partners ahead of its acquisition of VEDA, a leading HR software and payroll-as-a-service provider.

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  • Braincube logo
    • Industry 4.0 & IOT

    Code & Co. provides Tech & Product Due Diligence to SEP in preparation for its investment in Braincube, a market-leading manufacturing data software company (IIoT).

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  • E-Komplet logo
    • Logistics & Operations

    Code & Co. provides Tech & Product Due Diligence to BuildTec Software Group, a leading European platform for innovative construction software solutions in preparation for its investment in E-Komplet, a leading project management software tools provider.

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  • GBTEC logo
    • Business Process Automation

    Code & Co. provides Tech and Product Due Diligence to Carlyle in preparation for its investment in GBTEC, a leading provider of business process management (BPM) and governance, risk, and compliance (GRC) software.

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  • Channel Pilot Solutions logo
    • E-commerce & Marketplaces

    Code & Co. provides Tech & Product Due Diligence to funds advised by Bregal Unternehmerkapital in preparation for their investment in Channel Pilot Solutions, a leading cloud-based platform for e-commerce retailers and D2C brands.

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  • Billbee logo
    • E-commerce & Marketplaces
    • ERP & CRM Systems

    Code & Co. provides Tech & Product Due Diligence to Bregal Unternehmerkapital in preparation for its investment in Billbee, a leading cloud-based multichannel e-commerce SaaS solutions provider.

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  • ProMik logo
    • Industry 4.0 & IOT

    Code & Co. advises Deutsche Beteiligungs AG on Tech & Product Due Diligence ahead of its investment in ProMik, a global leader in programming and testing solutions for electronics manufacturing.

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  • Digithurst logo
    • HealthTech

    Code & Co. advises Medavis, a portfolio company of funds advised by Bregal Unternehmerkapital, ahead of its partnership with Digithurst, a leading provider of HealthTech software solutions.

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  • Hausmann Wynen logo
    • ERP & CRM Systems

    Code & Co. provides Tech & Product Due Diligence to the group of software companies specialized in various construction trades that has been formed around SEMA, a portfolio company of funds advised by Bregal Unternehmerkapital, ahead of its investment in Hausmann Wynen, a software provider in the trade industry.

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  • Optix logo
    • HealthTech
    • ERP & CRM Systems

    Code & Co. provides Tech & Product Due Diligence to FLEX Capital ahead of its acquisition of Optix, a cloud-native practice management solution targeted towards opticians.

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  • Signpost logo
    • ADTech & Marketing

    Code & Co. provides Tech and Product Due Diligence to Hibu Inc., an H.I.G. Capital portfolio company, in connection with its acquisition of the Marketing Technology Platform of Signpost, Inc.

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  • DataPolarna logo
    • ERP & CRM Systems

    Code & Co. provides TimberTec, a GENII company, with Tech & Product Due Diligence in preparation for the acquisition of DataPolarna, the leading provider of software tailored to the timber and mining industries in Sweden and Norway.

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  • adKOMM logo
    • Business Process Automation

    Code & Co. advises PDV, a group company within GSG GENII Software Group which itself is a portfolio company of funds advised by Bregal Unternehmerkapital (“BU”), on Tech & Product Due Diligence ahead of its investment in adKOMM, a leading IT service provider and provider of municipal software.

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  • iVention logo
    • HealthTech

    Code & Co. provides Tech & Product Due Diligence to GSG GENII Software Group, a portfolio company of funds advised by Bregal Unternehmerkapital, ahead of its investment in iVention, a leading Laboratory Information Management System (LIMS).

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  • epiNET logo
    • 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.

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  • Tendex logo
    • Business Process Automation

    Code & Co. provides Tech & Product Due Diligence ahead of the acquisition of B2B sales software Tendex.

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  • Knowliah logo
    • LegalTech

    Code & Co. provides Tech & Product DD ahead of the acquisition of leading AI-powered LegalTech software provider Knowliah.

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  • ONE HIRING logo
    • 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.

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  • sustainabill logo
    • 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.

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  • Shopfully logo
    • 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.

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  • Kind Technologies logo
    • AGTech

    Code & Co. provides Tech & Product Due Diligence to Avedon Capital Partners ahead of its investment in Kind Technologies

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  • camos Software und Beratung GmbH logo
    • Business Process Automation

    Code & Co. advises GSG GENII Software Group ahead of its acquisition of CPQ software provider camos

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  • AMANA logo
    • 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

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  • EnAppSys Ltd. logo
    • FinTech & FIS

    Code & Co. advises Riverside and Montel Group ahead of their acquisition of data and analytics provider EnAppSys.

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  • Gastromatic logo
    • 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

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  • Compass Software logo
    • Industry 4.0 & IOT

    Code & Co. provides Tech & Product Due Diligence to SEMA Group in advance of its acquisition of Compass Software GmbH

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  • Zift Solutions logo
    • 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

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  • Advo-web GmbH logo
    • LegalTech

    Code & Co. provides Tech & Product Due Diligence to STP Group ahead of its acquisition of Advo-web

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  • MELOS GmbH logo
    • HealthTech

    Code & Co. provides Tech and Product Due Diligence to the GUS Group prior to its majority investment in LIMS MELOS

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  • VERSO logo
    • ESG & Sustainability
    • IT Services & Consulting

    Code & Co. provides Tech & Product Due Diligence to NORD Holding ahead of its investment in ESG software pioneer VERSO

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  • Fact AG logo
    • FinTech & FIS

    Code & Co. provides Tech & Product Due Diligence to ACTICO ahead of its acquisition of a majority stake in Fact

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  • NourNet logo
    • API & Cloud Services
    • IT Services & Consulting

    Code & Co. provides Tech & Product Due Diligence to Investcorp ahead of its investment in NourNet

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  • EWM AG logo
    • Industry 4.0 & IOT
    • IT Services & Consulting

    Code & Co. advises Armira ahead of its investment in welding technology firm EWM Group

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  • Compart AG logo
    • 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

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  • Medavis logo
    • HealthTech

    Code & Co. provides Tech & Product Due Diligence to Bregal Unternehmerkapital ahead of its acquisition of medavis

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  • ComX logo
    • Business Process Automation
    • ERP & CRM Systems

    Code & Co. provides Tech & Product Due Diligence to FLEX Capital ahead of its acquisition of ComX

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  • Spenoki logo
    • Business Process Automation
    • IT Services & Consulting

    Code & Co. advises LIGANOVA ahead of its acquisition of a majority stake in ESG software provider Spenoki

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  • Magnolia logo
    • ERP & CRM Systems

    Code & Co. advise GENUI ahead of its acquisition of a majority stake in Magnolia

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  • Montel AS logo
    • FinTech & FIS

    Code & Co. advises Riverside on acquisition of Montel, a Norwegian provider of energy and electricity market information

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  • Datalogue logo
    • 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

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  • SEMA logo
    • 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

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  • TimberTec logo
    • 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

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  • Theobald Software logo
    • 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

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  • eperi GmbH logo
    • 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

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  • EasySolution logo
    • Business Process Automation

    Code & Co. provides Tech & Product Due Diligence to PSG and Sport Alliance ahead of their acquisition of gym management software easySolution

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  • Stein HGS logo
    • 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

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  • CMI AG logo
    • 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

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  • Isah Software Group logo
    • 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

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  • Formware logo
    • Output Management

    Code & Co. provides Tech & Product Due Diligence to FLEX Capital ahead of its acquisition of output management leader Formware

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  • ContentKeeper logo
    • 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

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  • AMPAREX logo
    • 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

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  • DORNER Health IT Solutions logo
    • HealthTech

    Code & Co. advises GUS Group ahead of its investment in DORNER Health IT Solutions, a leading provider of modern and integrated laboratory software

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  • Picus Security logo
    • 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

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  • MIR Limited logo
    • 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

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  • Aluxo logo
    • 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

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  • CloudCare logo
    • 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

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  • Ingentis Softwareentwicklung GmbH logo
    • 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

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  • ARIADNEXT logo
    • Cybersecurity & Digital Identity

    Code & Co. provides Tech & Product Due Diligence to IDnow ahead of its acquisition of French identity technology provider ARIADNEXT

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  • ACADEMY Group logo
    • Business Process Automation
    • ERP & CRM Systems

    Code & Co. provides Tech & Product Due Diligence ahead of ECM’s investment in Academy, a driving school market services provider.

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  • ACTICO logo
    • 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

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  • Wundex Group logo
    • HealthTech
    • E-commerce & Marketplaces

    Code & Co. advises capiton as it acquires a majority stake in Wundex

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  • Trust Management AG logo
    • 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.

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  • Investis Digital logo
    • ADTech & Marketing

    Code & Co. advises Investcorp on its acquisition of Investis Digital, the partner of choice for corporates seeking to enhance their digital footprint.

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  • STP logo
    • LegalTech
    • Business Process Automation

    Code & Co. advises Bregal Unternehmerkapital on the acquisition of STP, a leading Legal Tech software provider, from Hg Capital

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  • Emotion Research Lab logo
    • Data Analytics & AI

    Code & Co. advises Uniphore on the acquisition of Emotion Research Lab

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  • MSTS logo
    • FinTech & FIS

    Code & Co. advises Corsair Capital on the acquisition of the global B2B payment and credit solutions provider MSTS

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  • Groupe Meilleurtaux logo
    • FinTech & FIS
    • Consumer & Entertainment

    Code & Co. advises Silver Lake on the acquisition of Goldman-backed Groupe Meilleurtaux, a leading French financial services broker

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  • Avira logo
    • Cybersecurity & Digital Identity
    • Data Analytics & AI

    Code & Co. advises Investcorp Technology Partners on the $180 million acquisition of cybersecurity champion Avira

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  • Heimdal Security logo
    • Cybersecurity & Digital Identity
    • Data Analytics & AI

    Marlin Equity acquires Heimdal Security, a leading European provider of cloud-based cybersecurity solutions

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  • Vivaticket logo
    • Cybersecurity & Digital Identity

    Code & Co. advises Investcorp on the acquisition of Vivaticket, a leading provider of integrated ticketing solutions

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  • Contentserv logo
    • E-commerce & Marketplaces
    • Consumer & Entertainment

    Code & Co. provides Tech & Product Due Diligence to Investcorp ahead of its majority stake investment into Contentserv

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  • Webtrekk logo
    • ADTech & Marketing

    Code & Co. advises Mapp, a Marlin Equity portfolio company, on the acquisition of customer intelligence platform Webtrekk

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  • Cambio Healthcare Systems logo
    • HealthTech

    Code & Co. advises Investcorp on the acquisition of a majority stake in Cambio Healthcare Systems

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  • Ubisense SmartSpace logo
    • 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)

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  • Softgarden logo
    • 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.

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  • Zoopla logo
    • E-commerce & Marketplaces
    • Consumer & Entertainment

    Code & Co. advises Silver Lake on the $3B acquisition of leading property portal Zoopla

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