The German investment company IMCap Partners acquires a majority stake in the Austrian certification expert Intact GmbH. Intact was founded in southern Styria in 2001 with the objective of supporting companies in their audit and certification as well as quality management processes by providing highly specialized process software solutions. In the meantime, the company has opened offices in Switzerland and the United States.
IMCap GmbH, a specialized investment consulting company, provides its services for potential investors by searching, organizing and managing direct investments in small- and mid-sized technology companies with a focus on software and/or digitalization. In cooperation with strong management teams, IMCap invests in sustainable business models. IMCap provides companies in a transition phase with capital and, in particular, also with operational know-how.
IMCap acquires a majority stake in Intact and provides further growth capital as part of the transaction. Details on the purchase price were kept confidential. Signing and closing of the transaction took place on August 30.
The international law firm Baker McKenzie acted as legal adviser for Intact. Vienna M&A partner Wendelin Ettmayer and his team were responsible for the transaction. “The legal challenge of this deal was to establish the rules for the future cooperation while also creating an incentive for the founders to remain involved with the company”, said Mr. Ettmayer. “Attorneys accompanying such structurings must have a deep economic understanding of their client’s business model.”
The assignment not only underlines Baker McKenzie’s leading role as advisors in the field of investments in the digital sector, but also their firm position established among Austrian market leaders. Recently, the law firm’s Vienna office advised for example THQ Nordic in its acquisition of the Koch Media Group or Allegion in their investment in Nuki Home Solutions.