P+P advised HPE Growth Capital on the acquisition of a stake in AEVI, a subsidiary of Wincor Nixdorf

Private equity investor HPE Growth Capital acquired a minority stake in AEVI, a subsidiary of Wincor Nixdorf AG, by way of a capital increase of up to EUR 30m.

Wincor Nixdorf is a global provider of IT solutions and services for retail banks and trade companies. AEVI provides global solutions for payment transactions as well as a market place for high quality value-added apps and services (VAAS).

At the beginning of the new financial year (October 1), the business of AEVI was spun off from Wincor Nixdorf Group into AEVI International GmbH. Before the spin-off, AEVI had an annual turnover of around EUR 50 million.

The initial tranche consists of a capital increase of EUR 20 million. In a second tranche, HPE and its investors have the opportunity to acquire additional shares in AEVI totaling up to EUR 10 million. Wincor Nixdorf intends to remain a long term majority shareholder of AEVI.

The investment process was led by Berenberg Bank.

The following team at P+P Pöllath + Partners advised HPE Growth Capital on the structuring and implementation of the transaction:

• Dr. Frank Thiäner (partner, M&A/private equity)
• Alexander Pupeter (partner, tax)
• Christoph Thiermann (senior associate, M&A/private equity)
• Dr. Tim Junginger (associate, M&A/private equity)