Global investment firm Carlyle is to make a majority investment in GBTEC Software AG and affiliates (GBTEC), a provider of business process management (BPM) and governance, risk and compliance (GRC) software.
GBTEC’s founder and CEO Gregor Greinke will remain the largest private shareholder and CEO of GBTEC, while co-founder Marc-Oliver Stromberg and the extended GBTEC management team are reinvesting and investing respectively for significant stakes in the company.
Main Capital Partners, which has supported GBTEC as a specialised software investor since 2019, has sold its stake in GBTEC as part of the transaction.
Further details of the transaction have not been disclosed.
GBTEC has over 1,200 customers, including many European and international blue-chip enterprises as well as public institutions, and employs around 300 people. In addition to its home markets of Germany and Austria, the company has established branches in Spain and Australia.
Carlyle will work with GBTEC’s management team to further accelerate the company’s international expansion and further develop its product portfolio, particularly in the area of digital process automation. The company plans to make significant investments particularly in sales & marketing and artificial intelligence.
Equity for the investment will be provided by Carlyle Europe Technology Partners (CETP) V, a €3 billion fund which invests in technology companies across Europe. Carlyle will leverage its longstanding track record of internationalising European software companies, including current portfolio companies SER Group, Shopware, CSS, 1E, Phrase and Hack The Box.
