Houlihan Lokey Advises Harald Quandt Industriebeteiligungen

Houlihan Lokey is pleased to announce that Harald Quandt Industriebeteiligungen GmbH (HQIB) has sold procilon Group to software investor Main Capital Partners (Main Capital).

procilon Group, founded in 2001 and based in Leipzig, Germany, is a leading verticalised software provider of B2B and B2G cybersecurity solutions in the application areas of secure communication, digital signatures, and long-term preservation. More than 2,200 companies, organisations, and authorities trust procilon Group as a reliable provider of “IT security made in Germany.” procilon Group’s mission-critical solutions tackle the strongly increasing number of cyber-attacks, leading to increased and enhanced regulatory and compliance requirements.

HQIB is an investment initiative of the Harald Quandt family and a group of selected families and partners. HQIB acquired a majority stake in procilon Group at the end of 2018. During this time, group revenue has grown from approximately €6 million to approximately €20 million. In addition, key strategic measures were implemented, and the group’s product portfolio was strategically extended in the field of electronic signatures through the acquisition of intarsys in 2021.

Main Capital is a leading software investor in the Benelux, DACH, the Nordics, and the U.S., with approximately €6 billion in assets under management. Main Capital aims to strengthen procilon Group’s position as a leader in secure communication and digital signature solutions, enhance its innovative product offerings, and unlock new opportunities, all while maintaining exceptional customer centricity.

“We are proud to have entrepreneurially supported procilon Group for six years and are delighted to have now, following the successful growth phase and reorganisation, found a suitable new owner for the group, who supports the new management’s growth strategy,” says Gregor Harald May, Managing Partner of HQIB.

“The partnership with procilon Group is a vivid example of HQIB's entrepreneurial approach. Thanks to our flexible investment approach as an industrial holding company, we can act in the interests of our companies. Following the implementation of the succession and successful reorganisation, we believe that the time is right for the group to realise its additional potential for future growth with a new owner,” explains Christian Kaufmann, Principal of HQIB.

Houlihan Lokey served as the exclusive financial sellside advisor to HQIB.

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