MidEuropa has sold a majority stake in Symfonia to Accel-KKR, while retaining a significant minority stake to support the company's future growth in the B2B software sector.

Target Information

MidEuropa, a prominent investor in Central Europe, has recently executed the sale of a majority stake in Symfonia to Accel-KKR, an esteemed global investment firm specializing in technology and software enterprises. Following the transaction's completion, MidEuropa will maintain a notable minority stake in Symfonia, signifying their confidence in the company's value proposition and its robust growth potential in the B2B software market.

MidEuropa originally acquired Symfonia in March 2021 as part of a carve-out from Sage Group plc. Since then, they have played a pivotal role in facilitating a successful transition for Symfonia away from its previous corporate parent. Over the course of two years, Symfonia has utilized MidEuropa's extensive network and sector know-how to implement a comprehensive operational and digital transformation, enhancing its cloud and SaaS (Software as a Service) capabilities while improving its growth trajectory. This evolution has allowed Symfonia to shift from a corporate subsidiary to an independent premium software entity with a sustainable recurring revenue model. Additionally, with MidEuropa's guidance, Symfonia has executed three strategic acquisitions—HRTec, Reset2, and Cloud Planet—further expanding its technological capabilities and market presence.

Industry Overview

The B2B software sector in Central Europe is witnessing significant transformation, facilitated by ongoing digitalization and a wealth of IT talent in the region. This environment is fostering the emergence of tech-enabled champions that are capable of c