Engagement — Add-on Due Diligence
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.
Code & Co. provides Tech & Product Due Diligence to TimberTec, a GSG GENII Software Group company, which is a portfolio company of funds advised by Bregal Unternehmerkapital, in advance of its investment in DataPolarna. DataPolarna, headquartered in Sweden, is a leading force in the timber and mining industry within Sweden and Norway. It stands as a front-runner in innovation, offering a modular and advanced product portfolio that sets industry standards.
Scope of Work
Code & Co. conducts Tech & Product Due Diligence for TimberTec.
This entailed an in-depth examination of DataPolarna's modular product suite, which included an exhaustive analysis of its architecture, infrastructure, deployment capabilities, technology stack, and cybersecurity measures. Moreover, Code & Co. conducted an assessment of the core engineering team, appraising its team structure and the software development lifecycle. Additionally, Code & Co. assessed DataPolarna's product operations, delving into their customer support processes, product KPIs and metrics, and product roadmap.
DataPolarna is a software house that specializes in developing efficient, customer adapted, and innovative software solutions, as well as education and project leadership. Its strength lies in a long and broad experience in its industry and the resulting customer value of its product offering.
TimberTec is the European leader in enterprise resource planning for the timber industry. Through TiCom, TimberTec provides a complete ERP system that supports the business from log to customized delivery. TimberTec's focus on the timber industry gives immediate understanding of the customer, business, and the industry’s strategic direction.
GENII Software Group provides market-leading, industry-specific software solutions and services, which are explicitly developed to meet the needs of mid-sized businesses and public services. The company prides itself on being the partner of choice for software entrepreneurs and companies. As a trusted partner and expert advisor, GENII guides its customers through digitalization, ensuring they are future-proofed for success in an ever-changing business environment. GENII is based in Munich and consists of five vertical market business units: manufacturing, retail, distribution, public services, and laboratories.
About Bregal Unternehmerkapital
Bregal Unternehmerkapital ("BU") is a leading family-backed investment firm with offices in Zug, Munich and Milan. As a part of a family-owned business that has grown over several generations, the BU funds invest in mid-sized companies based in Germany, Austria, Switzerland, and Northern Italy. With the mission to be the partner of choice for entrepreneurs and family-owned businesses, BU seeks to partner with market leaders and "hidden champions" with strong management teams and outbreak potential. Since its founding in 2015, the funds managed by BU have invested over €2.6 billion in more than 100 companies, supporting over 25,000 employees, and working in partnership with entrepreneurs and families to develop, internationalize, and digitize their businesses, while helping them generate sustainable value on a responsible basis with the next generation in mind.