PINOVA Capital and founder have sold Raynet GmbH to Main Capital Partners

Raynet GmbH

Raynet is a global software vendor with market-leading solutions and complementary managed services for successful end-to-end management of IT projects and IT operations. Following the mission “Discover to Manage”, Raynet offers companies worldwide transparency and security as well as the optimization of their IT investments with Raynet technologies. In addition to its headquarters in Paderborn, Germany, Raynet has further locations in Germany, the U.S., Poland, Türkiye and the UK. With more than 170 highly qualified employees, Raynet has been supporting renowned customers and partners worldwide since 1999 with its portfolio of solutions for IT management and cybersecurity initiatives. True IT Asset Visibility serves as the foundation for a single, reliable source of all IT assets, enabling companies to secure, optimize and efficiently manage their complex IT landscapes. Raynet also maintains strong partnerships with the leading companies in the industry. Raynet technologies are unique in design and functionality. Their development is highly influenced by customers and partners who play an important role in product optimization and are the main reason why they are always at the forefront.

The Deal

Since PINOVA Capital’s investment in 2021, Raynet has successfully evolved into a software vendor with an international footprint. The successful launch and ongoing development of Raynet One have created a solid foundation for Raynet’s future growth. As Raynet enters its next phase of growth, Lincoln International ran a competitive process in which Main Capital Partners emerged as the clear partner of choice. With deep enterprise software expertise, international reach and a strong track record of scaling software businesses through organic growth and strategic acquisitions, Main is ideally positioned to support Raynet in accelerating its growth journey.

Our Perspective

Dr. Ashkan Kalantary, Managing Director in Lincoln International’s software team, commented, “We are delighted to have advised PINOVA Capital and Raynet founder and CEO Ragip Aydin on the sale of a majority stake in Raynet to Main Capital Partners. Raynet’s combination of IT visibility, asset management and security capabilities addresses a growing need among enterprises to understand and control increasingly complex IT environments. We are impressed by the company’s proprietary Technology Catalog, the capabilities of Raynet One and the expertise of its team. We believe Raynet is well-positioned to benefit from increasing demand for reliable technology data as organizations strengthen their IT operations and adopt AI. Main Capital Partners, with its deep software expertise and proven international buy-and-build experience, is an ideal partner to help Raynet scale on this foundation. We look forward to seeing the founder and management team accelerate international expansion, further develop the product offering and pursue complementary acquisitions together with Main Capital Partners.”

Pinova Capital

PINOVA Capital is an independent, owner-managed investment firm that has supported innovative companies in the German-speaking Mittelstand since 2007. The firm focuses on profitable, growing Industrial Tech businesses with mission-critical products, strong competitive positions and international growth potential. Together with entrepreneurial management teams, PINOVA develops niche market leaders into international champions through operational improvement and international expansion.

Main Capital Partners

Main Capital Partners is a software investor managing private equity funds active in the Benelux, DACH, France, the Nordics, the UK, and North America with approximately €12.0 billion in Assets under Management. Main has over 20 years of experience in strengthening software companies and works closely with the management teams in their portfolio as a strategic partner to achieve profitable growth and larger international software groups. Main has approximately 110 employees operating out of its offices in The Hague, Düsseldorf, Stockholm, Antwerp, Paris, London and an affiliate office in Boston. Main maintains an active portfolio of approximately 60 software companies. The underlying portfolio employs approximately 15,000 employees. Through its Main Social Institute, Main supports students with grants and scholarships to study IT and computer science at technical universities and universities of applied sciences.

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