Press release
Mummert & Company advises IT-Services specialist CS Consulting Group on the sale to Capgemini
CS Consulting was founded in 1984 and is a leading, innovative IT consultancy focusing on the German banking and insurance industry. It benefits from a highly experienced team of over 400 consultants. CS Consulting specializes in the migration of core banking systems as well as the implementation of business intelligence systems. The company is predominantly acting in the banking sector; its client base consists of large companies, mainly within the state banks (Landesbanken) and saving banks (Sparkassen), being served for multiple years. CS Consulting belongs to the top-25 companies of IT-consulting and system integration providers in Germany.
Berndt Blumenthal, CEO and shareholder of CS Consulting comments: “Joining Capgemini will enable us to benefit from the experience of a truly international Group with a solid delivery network, and to offer promising perspectives to our employees. We will combine our strengths to serve the German bank expansion and transformation.”
„We see Capgemini as the perfect partner for CS Consulting in a consolidating IT services market environment. This transaction is an ideal add-on for the Capgemini services portfolio and will ensure a long-term leading position for CS Consulting in the German financial sector“, explains Harald Maehrle, Managing Partner at Mummert & Company.
Short Profile Mummert & Company:
Mummert & Company is a leading corporate finance advisor, specialized in the sectors High-Tech, Industrial Technologies, Life Sciences, Energy and Services. With offices in Munich, Vienna and Princeton (USA), Mummert & Company provides advisory services for the purchase or sale of companies or shareholdings (mergers & acquisitions), for the raising of equity capital (venture capital, private equity or the capital markets) and debt capital, for restructurings, for valuations (fairness opinions) as well as for the privatization of government-owned enterprises.
Detailed information about Mummert & Company is available at www.mummertcompany.com
Short Profile CS Consulting:
CS Consulting is a leading, innovative IT consultancy focusing on the German banking and insurance industry. The company specializes in the migration of core banking systems as well as the implementation of business intelligence systems. It is predominantly acting in the banking sector; its client base consists of large companies, mainly within the state banks (Landesbanken) and saving banks (Sparkassen), being served for multiple years.
Detailed information about CS Consulting is available at www.cs-consulting.de
Short Profile Capgemini:
Capgemini, one of the world's foremost providers of consulting, technology and outsourcing services, enables its clients to transform and perform through technologies. The Group relies on its global delivery model called Rightshore®, which aims to get the right balance of the best talent from multiple locations, working as one team to create and deliver the optimum solution for clients. Present in more than 35 countries, Capgemini reported 2009 global revenues of EUR 8.4 billion and employs over 100,000 people worldwide.
Detailed information about Capgemini is available at www.capgemini.com
Vanessa Kuenstler
Mummert & Company Corporate Finance GmbH
Prinzregentenstr. 48, 80538 Munich, Germany
Tel. +49 (89) 23 23 77 30 Fax +49 (89) 23 23 77 77
kuenstler@mummertcompany.com
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