Frankfurt am Main – Funds advised by PINOVA and their co-investors have sold their interests in the Raynet Group to Main Capital Partners. As part of the transaction, the founder and CEO Ragip Aydin is reinvesting a substantial amount and Raynet's management is also taking an interest in the buyer.
A CMS team led by Dr Peter Polke provided PINOVA with comprehensive legal and tax-related advice on this transaction. PINOVA is a long-standing client and receives regular advice from CMS, most recently in connection with the the acquisition of an interest in Kist + Escherich and an interest in Ideal-tek in Switzerland.
Raynet, headquartered in Paderborn, develops software solutions for IT visibility, IT asset management and cybersecurity. The company employs more than 170 staff and beyond Germany also has a presence in the US, Poland, Türkiye, the UK and other countries.
Main Capital Partners is an investor specialising in software companies, managing private equity funds in the Benelux countries, the DACH region, Scandinavia, France, the United Kingdom and North America with more than 20 years' experience in strengthening and scaling up software companies internationally. The active portfolio comprises around 60 software companies with a total of over 15,000 employees.
PINOVA is an independent private equity firm that invests its managed funds in industrial tech companies in German-speaking countries. Its focus is on highly profitable SMEs with revenue of between EUR 10 million and EUR 50 million in the high-tech components, innovative materials and smart systems sectors. PINOVA invests in companies with systems-related products deeply integrated into their customers' value chains, strong growth potential, sustainable competitive advantages and a leading market position in their respective niches.
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