German direct secondaries specialist HeidelbergCapital has acquired a portfolio of companies from growth investor Beaufort Capital, according to a statement.
The portfolio includes several mature technology companies. Majority stakes were acquired in content management system software nextevolution AG and payment solutions company Mobile City GmbH.
“The acquired portfolio from Beaufort comprises mature companies with revenues ranging already in the double-digit million area with significant future growth potential through organic growth or add-on acquisitions,” HeidelbergCapital partner André Deloch said in the statement.
The deal was made using HeidelbergCapital’s first fund, which raised $150 million from secondaries specialist Auda International, according to the firm’s website.
HeidelbergCapital was founded in 2007 and is led by former 3i partner Clemens Doppler and Martin Weiblen, who formerly led a UK family office. The team is based in Heidelberg, Germany, and consists of five other professionals.