Harald Quandt Industriebeteiligungen GmbH has sold PLENTICON GROUP to Adelis Equity Partners

PLENTICON GROUP

PLENTICON GROUP is a leading German provider of managed IT services (MSP), serving SMEs with increasing requirements for reliable, secure and scalable IT operations. The company offers a full-service portfolio covering infrastructure & cloud, modern workplace, managed print, business services, IT security and AI services and often is the only IT partner for the customer. PLENTICON GROUP employs around 420 people at 13 locations, is headquartered in Frankfurt am Main and has a particularly strong presence in Hesse and North Rhine-Westphalia. The company has grown organically and through mergers and acquisitions (M&A).

The Deal

After more than five years of a successful partnership, Harald Quandt Industriebeteiligungen (HQIB) sold all its shares in PLENTICON GROUP to Adelis Equity Partners in August 2026. With Adelis as its new partner, PLENTICON is ideally positioned to continue its growth strategy through both organic growth and further add-on acquisitions.

“We are proud of what we have achieved together as PLENTICON to date. With Adelis we are gaining a strong partner to consistently pursue our growth strategy. Our thanks go to our employees for their major contribution to this successful development and to HQIB for its support along the way,” says Christian Cramer, CEO of PLENTICON GROUP.

“We are delighted to have successfully launched PLENTICON as a new group in the German IT market together with Christian Cramer, to have developed it entrepreneurially over the past years and to have established it successfully. We would like to thank the entire management team, all founders and entrepreneurs, and above all Christian Cramer, for a trusting and successful collaboration, and we wish PLENTICON and Adelis continued success and all the best for the future,” says Gregor Harald May, Managing Director of HQIB.

Lincoln International acted as the sole financial advisor to the shareholders of PLENTICON GROUP in connection with the transaction with Adelis Equity Partners. PLENTICON has developed into one of Germany’s leading managed IT services providers for SME customers. Targeted acquisitions, structured integration and the consistent realization of synergies have created a strong foundation for the company’s further growth.

Our Perspective

“We are delighted to have advised HQIB and the shareholders of PLENTICON on this transaction,” said Marvin Maerz, Managing Director at Lincoln International. “Adelis is a strong partner to support management’s future growth plans as PLENTICON continues to grow both organically and through further add-on acquisitions. We continue to see strong buyer interest in European managed IT services companies, partly driven by intensifying pan-European consolidation.”

Harald Quandt Industriebeteiligungen GmbH

Harald Quandt Industriebeteiligungen GmbH is an investment initiative of the Harald Quandt family and a group of selected (industrial) families and partners. HQIB acquires and develops small- and medium-sized companies that are positioned in established, future-oriented and technically sophisticated sectors with attractive growth potential. As an industrial holding company, HQIB pursues a flexible investment strategy and is not subject to any maturity restrictions or fixed holding periods. Further information can be found at www.hq-ib.com.

Adelis Equity Partners

Founded in 2012, Adelis Equity Partners is a leading growth-focused private equity firm based in the Nordics and Germany. It invests in small- and medium-sized companies across Northern Europe, focusing on business services, tech & software and healthcare & life sciences. Following its €1.6 billion Fund IV in 2025, Adelis has raised more than €4.25 billion of capital.

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