King & Wood Mallesons (KWM) has advised Silver Investment Partners (SIP) on the acquisition of the software division of ZEISER GmbH (ZEISER Software) via SIP’s portfolio company CMH Group.
With the support of its majority shareholder SIP, CMH Group, a leading European provider of track & trace software solutions for the cash cycle, has acquired ZEISER Software, the software division of ZEISER GmbH. ZEISER Software is a leading provider of software solutions for serialisation and track & trace application. Following the carve-out from ZEISER GmbH, the division will operate as an independent company named SeriSoft GmbH. Under the umbrella of CMH Group, SeriSoft will strengthen the software specialists for cash management ALVARA Cash Management Group AG, SAFELOGY SAS and MLSA SAS.
KWM recently advised SIP also in connection with further acquisitions of CMH Group, namely the acquisition of the two French software providers for cash management SAFELOGY SAS (SAFELOGY) and MLSA SAS (MLSA) as well as the acquisition of ALVARA Cash Management Group AG by SIP.
The acquisition of ZEISER Software successfully continues the growth strategy of the SIP’s portfolio company CMH Group.
ZEISER Software has more than 20 years of experience in the development of secure product serialisation and track & trace software solutions. The division is part of ZEISER GmbH (formerly Atlantic Zeiser), which, since 2002, has been part of Orell Füssli Group, the official printing company of Swiss banknotes. The applications of ZEISER Software are used in the personalisation of ID documents and chip cards, tracking and tracing of sheets in banknote printing, grey market control of products in the cosmetics market and in the pharmaceutical sector for the database-driven tracking of medicines throughout the entire supply chain.
CMH Group is a leading European provider of track & trace software solutions for the cash cycle. The group comprises the German cash logistics specialist ALVARA Cash Management Group as well as the two French software specialists in cash management SAFELOGY and MLSA. With its customised solutions to track and trace cash flows, the Group enables retailers, cash-in-transit companies and financial institutions to optimise their cash management processes and reduce cash processing costs. Through organic growth and add-on acquisitions in the industry, the Group is driving its international expansion to become the pan-European market leader for track & trace software solutions.
SIP advises CMH Group and supports the further development of the group with its know-how and comprehensive network. The focus of SIP is on the long-term support of its portfolio companies. Working in partnership with management, SIP will drive CMH Group's growth strategy through organic growth and further acquisitions in the industry.
SIP is an independent equity finance investor for medium-sized companies in Germany, Austria and Switzerland. An entrepreneurial, experienced and trusted partner, Silver Investment Partner engages in majority and minority interests in companies with revenues of between €5 million and €100 million, with a focus on companies with revenues of between €10 million and €50 million.
Advisors to Silver Investment Partners:
Dr. Michael Roos (partner), Christian Ostermöller (counsel) (both Corporate/M&A)
Rüdiger Knopf, Markus Hill (both partner, Tax and Structuring)