"It couldn't have turned out better."

The ITecon Group, comprising ITecon GmbH and ITecon Financial IT-Service GmbH, is a leading provider of IT, cloud, and data center services with a focus on regulated environments. The company experienced strong revenue and profit growth due to increasing market demand for high-security data centers.

Owners Stephan Hölger-Winhardt and Heiko Zißner engaged CARL, upon recommendation from Deutsche Bank, to explore a potential sale. CARL, along with SGP Schneider Geiwitz Corporate Finance, managed the highly confidential and complex transaction, considering BaFin regulations.

The process involved selectively approaching suitable investors, leading to early and substantive negotiations. The advisory team identified ITecon's potential and communicated its value effectively, resulting in offers that exceeded shareholder expectations. The transaction was completed within five months, with Synaforce, a platform of Munich-based Afinum, winning the bid. Synaforce significantly enhances its services for banks and critical infrastructure operators while expanding its presence in the Frankfurt area. The former owners will continue as managing directors, expressing their satisfaction with the transaction and future collaboration.