Organic growth, accelerated by strategic acquisitions
€8.2mn
INVESTMENT BY DBAG
€34mn
Revenues 2019 (exp.)
350
Employees 2019

KEY FACTS AT A GLANCE

  • Strategic digital consulting, platform and architecture design, software development and 24/7 cloud operations
  • Implementation and acceleration of the digital transformation of companies
  • Further development of the group of companies through strategic acquisitions

CLOUDFLIGHT GMBH

INVESTMENT BY DBAG

€8.2MN

Shareholders:
DBAG

13.9%

other shareholders

38.8%

First invested

JUNE 2019

REVENUES in €mn

 

16

 

2017 (pro forma)

 

27

 

2018 (pro forma)

 

34

 

2019 (exp.)

As of 31 December 2019

~26

PER CENT

compounded annual growth rate expected for custom software development market

What convinced us was the team's entrepreneurial vision, together with strong growth momentum in the market environment Cloudflight is operating in.

LUCAS HERBERT
MANAGING DIRECTOR

PROFILE

The transaction brings together software specialist Catalysts with Crisp Research – an IT research and consultancy firm specialised on cloud computing, creating a provider of digital and cloud services with a truly special profile, in a fragmented market. Going forward, Cloudflight will leverage the skills and experience of approximately 350 cloud computing experts to provide a comprehensive service to clients – encompassing strategic advice on all things digital, platform and architecture design, software development, as well as 24/7 cloud operations. The company supports SMEs, corporate groups and public-sector clients with the implementation and acceleration of their digital transformation.

Catalysts contributes its software development expertise to the new Group, whilst Crisp's team of experienced digital strategists and cloud computing architects will be advising clients – independent of which technology they are using. Both companies benefit from long-standing client relationships in their respective fields of activity and extensive expertise in digital 'hot spots' such as cloud computing, Internet of Things, and artificial intelligence.

POTENTIAL FOR DEVELOPMENT

The combination of Catalysts and Crisp to one group of companies and the investment offer opportunities for clients and employees: The company can now pursue a European growth strategy that offers customers a comprehensive service portfolio and software developers exciting fields of activity and attractive locations. The plan is for Cloudflight to develop further, gaining strength through strategic acquisitions.

FINANCIAL YEAR 2019

DBAG Fund VII formed Cloudflight in June 2019. The newly appointed group CEO and group CFO together with the existing management team aim to continue the strong growth path of prior years. Fuelled by growing customer demand and high utilisation rates, Cloudflight expects to increase its revenues and EBITDA by double-digit growth rates in 2019.

OUTLOOK AND OBJECTIVES

In 2020, Cloudflight will focus on expanding its resources, especially retaining and training skilled personnel to further leverage the market growth. It is the management’s target to position Cloudflight as a full-service digitisation partner by expanding it service offering, e.g. by pursuing an active acquisition strategy focused on smaller IT services companies.

Responsible team member

Lucas Herbert
Lucas Herbert

Managing Director

Lucas Herbert
Name:
Lucas Herbert
Telephone:
+49 69 95787-208
E-Mail:

Lucas Herbert

Managing Director

Lucas Herbert joined Deutsche Beteiligungs AG in 2007 and became a Managing Director in 2015.

Lucas Herbert has twelve years of experience in the private equity sector. During this time, he has gained extensive knowledge, particularly in the IT services/software, mechanical and plant engineering and healthcare sectors. Lucas Herbert has been involved in a large number of corporate investments and disposals. These include Romaco, Spheros, Gienanth and Silbitz. He also led the investment process in blikk and Cloudflight.

He holds a Master of Science in Business Administration from the Rotterdam School of Management, Erasmus University, and also studied at the Maastricht University and the University of Newscastle, Australia.

Current portfolio companies

Former portfolio companies

Lucas Herbert

Managing Director

+49 69 95787-208
lucas.herbert(at)dbag.de