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Bregal Capital Acquires Majority of Shares in Weilerbach-Based Software Provider proALPHA

Aug 12, 2013

Bregal Capital, an investment firm of the Brenninkmeijer family, acquires the majority of shares in the proALPHA group, a leading provider of ERP software solutions and matching services for medium-sized enterprises. Bregal acquires the shares of the two founders, Leo and Werner Ernst, and those of the investor Beaufort Capital. The third founder, Martin Wolf, remains a relevant investor in proALPHA together with further members of the board of management.

The managers of proALPHA are planning to sustainably develop the company and to further expand the product portfolio together with the new investor. Florian Schick, partner at Bregal Capital, states: "proALPHA offers an innovative ERP solution tailored to the requirements of medium-sized companies and a top-notch team of consultants with sound knowledge of the industry. The board of management and the employees have shown us with their commitment and expertise that proALPHA is an extraordinary company. We are looking forward to supporting the managers and employees with the realization of their successful concept on the long term, and to further developing the position of proALPHA as preferred provider of ERP solutions for medium-sized companies."

With the entry of Bregal, proALPHA will have a well-heeled partner who has already accompanied numerous other expanding companies on their course of growth. As a family-owned private equity firm, Bregal attaches great importance to long-term and future-oriented investments as well as to a conservative and sustainable financial structure. Leo Ernst also perceives these opportunities: "proALPHA has experienced a positive development over the last years. Together with the expert private equity firm of one of the most renowned families of entrepreneurs we can continue our winning streak."

In close cooperation with the remaining managers and the new shareholder, the brothers Ernst will see to a continuous and smooth transition. Starting with fiscal year 2015, they will begin to retire from the business due to their age. Jürgen Brand, CEO of the proALPHA Software AG, Markus Klahn and Matthias Kläsener, CEOs of the proALPHA Consulting AG, and Martin Wolf, head of development, will remain in their positions and once the new ownership structure has been established they will hold significant shares in proALPHA.

The acquisition is especially subject to the approval of the responsible cartel authorities.

About Bregal Capital

Bregal Capital is an investment firm of the Brenninkmeijer family with fund commitments of more than €3 billion, that has invested in more than 20 companies since its inception. Bregal Capital is currently investing from its third fund with a volume of €1 billion, targeting investments in buy out and development capital for medium-sized companies, such as LR Health & Beauty Systems and Novem.

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