22nd December 2021

Pemberton is supporting Gilde buyout partner’s acquisition of a minority share in ]Init[ AG


Overview

Pemberton, a leading European private debt manager transforming traditional credit markets, backed by one of Europe’s largest insurers, Legal & General Group PLC, is supporting Gilde Buyout Partner’s (“Gilde”) acquisition of a minority share in ]init[ AG für digitale Kommunikation (“]init[“), while EMERAM Capital Partners (“EMERAM”) and founder Dirk Stocksmeier remain invested.

Founded in 1995 and headquartered in Berlin, Germany, ]init[ is one of the leading project service providers in the field of digital transformation in Germany. The company currently has six locations and 800 employees. It provides a wide range of services: from IT consulting, development and implementation of digitalisation strategies, design and operation of websites and portals, IT strategy/IT security consulting, to the operation of customer platforms in dedicated data centres. Their clients include both the public sector and well-known industrial companies.

The financing will help support ]init[‘s growth trend further. It is our first deal with Gilde in Germany and the second platform transaction with EMERAM.

The transaction is subject to standard conditions, including approval by the competition authorities. The transaction is expected to close in January 2022.

The IT services market for the German public services sector is highly attractive and we expect it to grow significantly over the next several years. ]init[ is a leading market player with deep knowledge of the public sector bodies, a strong track record and long customer relationships. We look forward to supporting the company, together with Gilde, EMERAM and Dirk Stocksmeier.

 

– Nils Weber, Executive Director at Pemberton

We are looking to expand on the strong market position ]init[ has in Germany and see considerable growth opportunities both organically and inorganically. With Pemberton we have found a strong partner who has strong knowledge of the public services market and the capital to support growth.

– Matthias Wilcken, Partner at Gilde

In our role as business development partner, we have supported ]init[ in their successful growth path. We now intend to continue this success story. Pemberton is fully supportive of this strategy and their financing solution provides additional capital to grow the business further.

– Dr. Christian Näther, Manging Partner at EMERAM

With the newly-formed shareholder group, we are leading ]init[ into a new phase of corporate development. We are increasing expertise, technology portfolio, network and financial scope. ]init[ is looking forward to implementing our ambitious growth strategy.

– Dirk Stocksmeier, founder and chairman of the supervisory boad of ]init[

About the author

Nils Weber

Executive Director, DACH Origination