Engagement — Platform Due Diligence
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
Timber construction is on the rise, particularly in residential construction, and offers clear advantages in terms of resource efficiency. With the sophisticated functionality of its flagship CAD/CAM software, SEMA facilitates its users’ routine tasks, which leads to time savings of up to 70% for its customers.
Founded in 1984, SEMA provides design, process planning, and production CAD (“computer-aided design”) / CAM (“computer-aided manufacturing”) software covering the full range of activities around timber and stairs construction for carpentries and prefabrication firms.
Headquartered in the Allgäu region of southern Germany, with further locations in France, Switzerland, Austria, and Italy, SEMA currently employs approximately 90 employees. SEMA’s programs are available in eleven languages and are used by more than 10,500 customers in 54 countries, especially for the planning, visualization, and manufacturing of buildings, roofs, and facades.
Scope of work
Code & Co. provided Tech & Product Due Diligence to Bregal Unternehmerkapital ahead of the majority-stake investment, compiling an in-depth analysis of SEMA’s flagship desktop (Windows) software, architecture, and technology stack, and security. Furthermore, Code & Co. assessed the company’s ambitious cloud and internationalization plans, as well as internal processes, team setup, and product capabilities, including PMI of a market-leading, industry-focused ERP that SEMA acquired.
This transaction underlines Code & Co.'s strong positioning as an established technology and product advisor on private equity mandates to clients across Europe.
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.
SEMA offers a powerful design, process planning, and production CAD/CAM software, with an impressive range of capabilities that have grown over decades of operations. The software supports its B2B users’ routine tasks when working on wood construction, staircase construction, shaping of sheets and metalworking, and more. The range of applications comprises several fields, from 2D/CD CAD planning, high-fidelity visualization, calculation, and tender preparation to production plans, work drawings, and more.