Houlihan Lokey Advises EVEX Group

Houlihan Lokey is pleased to announce that EVEX Group, a portfolio company of FLEX Capital, has completed a refinancing and acquisition financing to support the acquisitions of Optix and Euronet. With this, EVEX Group continues its expansion in the field of software for healthcare service providers. Houlihan Lokey acted as debt advisor to EVEX Group.

EVEX Group was founded in 2021 by private equity investor FLEX Capital to assist healthcare service providers in their business management and digitalisation efforts. Previously, the group consisted of AMPAREX GmbH, the leading software provider for audiologists, and IPRO GmbH, the industry leader in customized software solutions for opticians. Amparex and IPRO have joined forces to develop AMiRO, a future-oriented, web-based industry software known for its innovation, performance, and user-friendliness.

This year, the group is expanding by adding Euronet Software AG, a direct competitor to IPRO, and Optix Software Ltd., a leading provider of optician software in the UK. This strategic expansion solidifies the position of the EVEX Group as the second-largest provider of software for opticians and audiologists throughout Europe.

FLEX Capital is a private equity fund founded by successful serial entrepreneurs that invests in profitable and growing companies from the German internet and software middle market. Announced in early 2023, the second fund of €300 million includes a commercial structure for the first time, enabling FLEX Capital to provide operational support to portfolio companies with a purpose-built 30-person team of experts, differentiating the investor from many other private equity funds.

Houlihan Lokey provided debt advice on all commercial aspects of the financing transaction and secured a highly attractive, tailor-made, and flexible financing structure that will support the further inorganic and organic growth of EVEX Group.

RELATED: Technology, Corporate Finance, Capital Markets