Engagement — Platform Due Diligence
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
Code & Co. provides Tech & Product Due Diligence to Bregal Unternehmerkapital ahead of its acquisition of a majority stake in Actico, a fast growing software solution provider that is well-positioned in a dynamic market segment due to its sophisticated and flexible platform solution.
- ACTICO has more than 20 years of experience in providing software and services.
- ACTICO has more than 50,000 users in over 25 countries, from SMEs to large Fortune-500 enterprises
- Bregal Unternehmerkapital will support ACTICO with its “patient capital”, but also with many years of extensive entrepreneurial and sector-specific experience in the B2B software sector.
- Code & Co. led Tech & Product Due Diligence for the investor.
Founded in 1997 and acquired by Bosch in 2008, Actico was carved out from its parent in 2015 by the current management team. Based in Immenstaad am Bodensee, Germany and with further locations in the U.S. and Singapore, ACTICO possesses a high level of expertise in processing large data volumes and in developing reliable, robust, and easily scalable applications
Actico has approximately 125 global clients – primarily from the banking sector, but also from the insurance, manufacturing, retail, and healthcare industries – who use its software and services for their highly complex daily decision-based processes.
Bregal Unternehmerkapital was founded in 2015. The investor specializes in majority and minority holdings, especially in mid-sized companies based in Germany, Austria, Switzerland, and Northern Italy.
Code & Co. provided Tech & Product Due Diligence ahead of Bregal Unternehmerkapital’s acquisition. Our assessment took an in-depth look at Actico’s business process automation (BPM) software, its architecture, and technical growth strategy. We also evaluated the potential of its machine learning strategy to drive future growth opportunities in its dynamic market segment.
This transaction exemplifies Code & Co.’s sector expertise in deep-tech investments.
Bregal Unternehmerkapital (“BU”) is part of a family-owned business that has grown over several generations. The BU funds invest in European mid-sized companies across a wide range of sectors with a focus on market leaders and “hidden champions” with strong management teams and outbreak potential. With patient capital, entrepreneurial expertise, and a partnership approach, our team works closely with entrepreneurs to develop, internationalize and digitalize portfolio companies, and to help them generate sustainable value on a responsible basis.
As part of its comprehensive commitment to ESG, BU also supports existing portfolio companies with loans at attractive terms to finance sustainability investments provided by Bregal’s dedicated EUR 40 million Sustainable Development Fund and, in 2020, with grants for charitable projects to contribute to portfolio companies’ pandemic responses provided by Bregal’s EUR 3 million COVID-19 relief fund. Furthermore, in 2021, BU committed to ambitious science-based climate targets for 2030 as part of its commitment to decarbonize its portfolio and achieve net-zero.