Houlihan Lokey Advises neeyo

Houlihan Lokey is pleased to announce the successful refinancing of neeyo, a portfolio company of FLEX Capital and a leading provider of end-to-end customer communication management software in the DACH region. Houlihan Lokey acted as the debt advisor to neeyo on the refinancing.

neeyo develops business-critical end-to-end software for customer communication management (CCM). Customers use it to automate their entire digital and physical customer communication, from individualised, regulatory-compliant documents through to delivery and archiving.

Since 2021, FLEX Capital has worked alongside management to build neeyo into one of the leading CCM providers in the DACH region through five acquisitions, the integration of these businesses into a single group, and the development of an integrated CCM platform. neeyo serves more than 3,000 customers, including Airbus, Deutsche Bank, and Telefónica. With 124 employees, the company has offices in Eislingen, Rosenheim, Winterthur, and Vienna.

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. Currently, the FLEX portfolio comprises 11 business platforms.

Houlihan Lokey provided debt advice on key commercial aspects of the financing transaction and assisted neeyo in securing a highly attractive, tailor-made, and flexible financing structure that will support neeyo’s next growth phase.

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