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ROACH & STOLZ as IT Due Diligence advisers for DPE Deutsche Private Equity’s acquisition of Sonesto

03-23-2011 05:47 PM CET | IT, New Media & Software

Press release from: Roach & Stolz Software GmbH

Tuesday, March 22, 2011

Roach & Stolz (“R//S”), the IT and Software Technology Due Diligence specialist, advises Munich-based DPE Deutsche Private Equity GmbH (“DPE”) in their acquisition of Sonesto GmbH, former Pensum Gesellschaft für Personaldienstleistungen mbH.

DPE Deutsche Private Equity GmbH (“DPE“), Munich, enters the growing market for temporary staffing services. To this end, funds advised by DPE finance the market entry of the newly established temporary staffing provider for qualified human resources services DID Industriedienstleistungen Holding GmbH (“DID Holding”), based in Düsseldorf. The objective is to create one of the ten leading German temporary staffing companies for highly qualified staff. The Company plans to grow organically and through a targeted buy and build strategy. The operating company DID Industriedienstleistungen GmbH (“DID GmbH”) was founded simultaneously and currently has around 500 employees. It opened nine offices across Germany in the last quarter of 2010 and is planning on opening six further offices in the coming year. DID GmbH offers highly qualified temporary staff and places experts and executives in specialized industries such as Energy & Power Services, Electrical and Industrial Services and offers extensive personnel management solutions.

As part of its buy and build strategy, DPE has already made its first add on acquisition by buying Sonesto GmbH, former Pensum Gesellschaft für Personaldienstleistungen mbH. The company was founded in 1999 and is based in Oldenburg. Sonesto is a regionally leading provider of qualified human resources services in the North West of Germany. Sonesto’s services include personnel placement and temporary staffing services in particular for skilled labor in commercial and office work as well as engineers, technicians and computer scientists. The company currently has 600 employees at five locations and is pursuing further organic growth by opening two additional locations in 2011. In the course of this transaction, Sonesto’s management reinvested in the company. The parties involved agreed not to disclose any financial details of this transaction.

DID GmbH as well as Sonesto will operate under the roof of DID Holding while each company will keep its own brand. The transaction with Sonesto will significantly reinforce the operational business of DID group and create a platform for further organic as well as external growth. A new provider with already over 1,000 employees emerges in a single stroke. Including additional acquisitions, DID group is planning to achieve group revenues of around 100 million Euros in 2011. Co Investor in DID Holding is Alexander Tan, aged 44, who also was appointed CEO.

About Roach & Stolz:

Roach & Stolz Software GmbH based in Munich, is a provider of IT and Software Technology Due Diligence services to the investor community. These include Venture Capital, Private Equity as well as strategic investors in Europe and the USA.

With well over 20 years of experience in software productization, IT infrastructure and telecommunications, Roach & Stolz has advised on numerous mergers and acquisitions. In doing so, the firm, which is greatly valued by its clients for its focus and professional approach, has developed its own best practice methodologies for conducting the IT Due Diligence process. These days IT Due Diligence services are not only used for transactions involving technology based companies, but also for those involving traditional "bricks-and-mortar" industries which have become increasingly dependent on IT to conduct their business.

For references, brochures and company presentations please go to: http://www.roach-stolz.com or contact info@roach-stolz.com

About DPE Deutsche Private Equity GmbH:

Funds advised by DPE Deutsche Private Equity GmbH provide growth capital to companies in sectors with long term fundamental growth prospects. Deutsche Private Equity is an independent German private equity firm, which was launched by Marc Thiery and Volker Hichert in December 2007 with the backing of Parcom Capital, a pan European investment subsidiary of the Dutch ING Group. Parcom Capital has over €2bn invested in over 250 companies.

The fund currently advised by DPE Deutsche Private Equity GmbH (Parcom Deutschland I) has an initial committed capital of €250m and targets €5-50m equity investments in German, Swiss and Austrian middle market companies with enterprise values of €10-150m in the following sectors: business services, education, healthcare, industrial technology and alternative energy/environment. As an active partner of management teams, DPE aims to develop companies over longer holding periods (5-10+ years) through organic and external growth.

For more information on DPE please visit www.pdpe.com.

Contact Information for Roach & Stolz:

Roach & Stolz Software GmbH,
Obermaierstrasse 2, Altstadt-Lehel,
80538 Munich
Germany

Tel: +49.89.2020.888.0
Fax: +49.89.6600.291.7
Email: info@roach-stolz.com

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