Parklane Capital is pleased to announce its latest deal in the digital transformation sector. Advised by Parklane Capital, GENUI invests in digital specialist Mindcurv along with tech investor Klaus Weinmann (via PRIMEPULSE, a technology-orientated investment holding).
The deal underlines Parklane Capital’s leading position in the technology and digital transformation space and demonstrates its ability to successfully deliver on buy-side transactions connecting private equity with growth companies. Recent transactions in this sector also included the sale of Sevenval to Oaktree Capital Management, the sale of Honeypot to XING SE, the investment of Volkswagen AG in digital specialist diconium as well as the sale of OC&C Strategy Consultants GmbH (Germany) to EY-Parthenon.
The strong combination of GENUI and Klaus Weinmann will provide Mindcurv with unrivaled experience from across the technology sector and in entering new markets as well as execution expertise in buy & build strategies.
Together with its new partners, Mindcurv is aiming to significantly broaden its customer offering and to play an active role in the ongoing market consolidation. Mindcurv, headquartered in Essen, was founded by Amjad Liaquat and Nazareno Avila in 2011, with a focus on highly-scalable Digital Commerce platforms for large and medium-sized enterprises. Over the years, Mindcurv has been providing Digital Transformation services, development, and management of global IoT platforms, content and commerce platforms, and cloud infrastructures. Over 235 people work for Mindcurv across four countries; Germany, Netherlands, Spain, and India and deliver services based on leading technology platforms like CommerceTools, BloomReach, SAP, Oracle, AWS, Google, and OpenShift.
“Following the success of recent years, we decided to further accelerate our growth with the support of strong partners who share our vision and values. We identified the perfect partners in GENUI, Klaus Weinmann and PRIMEPULSE,” stated Co-Founder and Managing Director Amjad Liaquat, who will continue to manage Mindcurv together with Co-Founder and Managing Director Nazareno Avila. Mr. Avila said: “Klaus Weinmann, founder of CANCOM and PRIMEPULSE, is a highly successful entrepreneur and will add his expertise and a strong network. We can now draw on unrivalled experience from across the technology sector, around entering new markets and also execution expertise in buy & build strategies.”
Klaus Weinmann commented: “Mindcurv has quickly become a market-leading European player in digital transformation. In the course of doing so, they have built a highly professional and value-based team, proved their ability to scale in a profitable manner and successfully delivered across a variety of complex transformational projects. We are delighted to partner with this great company, to contribute our entrepreneurial abilities and to work closely with Amjad, Nazareno and the entire Mindcurv team.”
Closing of the transaction is subject to regulatory approvals. The financial terms of the transaction were not disclosed.