King & Wood Mallesons (KWM) has advised Silver Investment Partners on the acquisition of a majority stake in ALVARA Cash Management Group AG.
Silver Investment Partners (SIP) has acquired a majority stake in ALVARA Cash Management Group AG (ALVARA), a leading specialist in cash management software. The acquisition by SIP facilitates management succession. There are also plans for investments in internationalisation and further acquisitions.
SIP is an independent equity investor for medium-sized companies in Germany, Austria and Switzerland. It 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.
ALVARA is a mid-sized company and leading provider of software solutions to all parties involved in the cash cycle to manage, automate and monitor cash management. The predecessor company of ALVARA was founded in Leipzig in 1996. Today, with around 30 employees, the company provides software solutions for retailers, cash-in-transit companies and financial institutions. ALVARAS customers include retailers such as REWE and SecurePost in Switzerland.
Together with Bernd Hohlfeld, the former majority shareholder and founder of ALVARA, will remain a minority stake in the company and, in the medium term, will continue to be responsible for the operative business as board member. Together with him and the second management level, which will also hold a minority stake in ALVARA, SIP will continue the company’s growth strategy and sustainably expand its market coverage.
Advisor to Silver Investment Partners:
King & Wood Mallesons
Dr. Michael Roos (partner), Christian Ostermöller (counsel), Floris Schilling (associate)
Rüdiger Knopf, Markus Hill (both partner, Tax and Structuring)