A multidisciplinary transaction team from BDO AG Wirtschaftsprüfungsgesellschaft, under the joint leadership of Jan Odewald (Deal Advisory) and Christian Richter (Transaction Tax), advised the software group Everfield on the acquisition of the Munich-based technology company ParkHere.
ParkHere GmbH, founded in 2015, is a technology company specialising in parking solutions. Consisting of IoT hardware and software products, ParkHere offers companies, real estate and parking operators unique solutions for efficient and sustainable mobility. Companies such as Telefónica, Zurich Insurance and HochTief already rely on ParkHere's individually configurable complete solution and expert knowledge. Almost ten years after its foundation, the company serves more than 100 customers.
Everfield is currently establishing a Europe-wide group of B2B software companies and is focused on acquiring providers of self-developed software solutions. As part of a ‘buy, build and grow’ strategy, Everfield aims to fully acquire the targets and sees itself as a long-term investor whose portfolio companies largely retain their autonomy but can draw on support from the Everfield teams.
BDO provided comprehensive advice to Everfield on the transaction, including due diligence services in the areas of finance and tax. Furthermore, BDO's experts also provided support during the purchase agreement negotiations from a financial and tax perspective. The acquisition of ParkHere is the tenth transaction in which Everfield has relied on BDO's expertise.