Technology Holdings is pleased to announce that it has acted as the exclusive advisor to Exozet GmbH on its strategic sale to Endava plc.
Technology Holdings has been an instrumental partner throughout the process and their global reach, sector expertise and dedicated team delivered multiple offers and an exceptional outcome for us. We were delighted with the guidance and support TH provided in helping us choose Endava as our preferred partner. We think this acquisition will be great for our clients and our people, and we are excited about the opportunities this creates in Germany and beyond to accelerate our growth, enhance our capabilities and extend our services. From start to finish, we have been extremely impressed with TH’s diligent, professional and structured approach, they provided invaluable advice and managed the process seamlessly, we could not have done this without them, and we couldn’t recommend them highly enough!
Founded in 1996 in Berlin, Germany, Exozet is an award-winning full-service digital agency with a focus on delivering a combination of innovation, creative and deep technical expertise to drive digital transformation.
Exozet is well recognized in Europe for its market-leading digital transformation capabilities from digital consulting to brand strategy to service design to agile development. The acquisition by Endava, a leading next-generation technology services provider, expands its DACH footprint and adds a client list that includes well-known German multinationals: Audi, Deutsche Telekom, Siemens and Europa Park, as well as experience in the media sector working with the likes of ZDF, BBC, and Media Broadcast.
Frank Zahn, CEO and founder of Exozet commented “We are delighted to be joining Endava. We think this acquisition will be great for our clients and our people, and we are excited about the opportunities this creates in Germany and beyond to accelerate our growth, enhance our capabilities and extend our services. Technology Holdings has been an instrumental partner throughout the process and their global reach, sector expertise and dedicated team delivered multiple offers and an exceptional outcome for us.”
The transaction is a further testament to Technology Holdings’ expertise in advising digital transformation specialists, with the sale of Exozet being our 12th transaction in the digital transformation space.
"The strategic sale of Exozet represented a majority stake exit for German Startups Group. As a leading German listed venture capital provider in Germany, we were able to achieve significantly higher capital gains on the transaction than expected. Technology Holdings ran a thorough and structured sale process, delivering 9 offers, and securing a premium offer from Endava. We were tremendously impressed with the diligence and professionalism of the whole team at Technology Holdings and we would highly recommend them to any company or private equity fund looking for an exit for its portfolio companies! On top of the pure financial success it was also a pleasure working with the TH."