Alpina Partners invests in The Project Group

Funds managed by Alpina Management GmbH (“Alpina Partners” or “Alpina“) acquired a majority stake in The Project Group Informationstechnologie GmbH (“TPG” or “Company“). TPG’s management reinvested significantly in the course of the transaction and will stay on board to drive the Company’s future growth.

TPG was founded in 1998 by Stavros Georgantzis. Headquartered in Munich, the Company has more than 100 employees across various geographies and offers software solutions as well as consulting services in the field of project portfolio management (“PPM“). The Company serves more than 700 customers from various industries including SMEs as well as large international corporations.
TPG is a longstanding Microsoft and Planisware partner and offers complementary software solutions as well as integration and implementation services. The Company’s own products cover all aspects of PPM including but not limited to data exchange and integration, resource management, multi-project management, program management and cost planning.

Alpina’s investment in TPG enables the company to follow its growth path – organically as well as via bolt-on acquisitions – to become one of the leading platforms for software and consulting services in the PPM space. Stavros Georgantzis, founder and CEO of TPG comments: “Since the start in 1998, we have seen the potential to build a truly international software and services business. Together with Alpina we want to bring TPG to the next level”. Florian Strehle, a Partner at Alpina adds: “We are very happy to welcome TPG as the latest portfolio company of Alpina. The Company stands out due to its highly skilled employees, the modern software solutions, the blue-chip customer base, its international footprint and the in-depth knowhow in the PPM space. For us it is the perfect platform in a very interesting market segment.”

Alpina Partners is an independent European technology investment firm. Alpina invests in leading businesses with strong USPs in the area of B2B software, technology-enabled business services and industrial technologies. Alpina is a long-term investor focusing on sustainable value growth.

The purchaser was advised by Taylor Wessing (Legal & Financing), AC Christes & Partner (Financial & Tax), Telescope Advisory Partners (Commercial & Technology), Leverest (tech-enabled Debt Advisory) and TZ Consulting (IP). The Sellers were advised by honert (Legal & Tax) and EXG Consulting (M&A). The key contacts at Alpina for the transaction are Florian Strehle and Philipp Scheller.