AUVESY explores capital raise as CatCap advises

AUVESY, a German data management software developer for automated production, has mandated CatCap Corporate Finance to explore raising an undetermined amount of strategic capital, Mark Miller, Managing Partner at CatCap, said.

AUVESY will collect indicative bids in the beginning of June in a process that could lead to the eventual sale of the company, two sources briefed on the situation said. CatCap declined to comment on whether a full sale of AUVESY is on the cards.

AUVESY is being marketed off 2017 forecasted EUR 10m revenues having generated EUR 8m in revenue last year, Miller and the sources said. It has an EBIT margin of 30%, one of the sources said.

“[The] consideration [to be raised] is to pursue AUVESY’s growth strategy through international subsidiaries or for one or more acquisitions respectively,” Miller said. The company has implemented more than 1,000 projects in 40-plus countries, he added.

AUVESY was founded in 2007 by majority shareholder Werner Schnäbele.

Its version control and data management systems are used to increase efficiency, make workflow smoother and safeguarding process data. The company serves the automotive, pharmaceutical, machine and plant construction, food and beverage, energy and infrastructure, and chemical and petrochemical industries, according to its website.

AUVESY did not comment.

by Giovanni Amodeo and Joao Grando in London