Retroactive to October 2015, private equity investor HPE Growth Capital acquired, by way of a capital increase of up to EUR 30 million, a minority stake in AEVI, a subsidiary of Wincor Nixdorf AG.

Wincor Nixdorf is a global provider of IT solutions and services for retail banks and trade companies. AEVI provides global solutions for payment transactions as well as a market place for high quality value-added apps and services (value-added apps and services; VAAS).

At the beginning of the new financial year (October 1), AEVI was spun off via a carve-out from the Wincor Nixdorf Group. Previously, AEVI achieved an annual turnover of around EUR 50 million.

The initial tranche consists of a capital increase of EUR 20 million. In a second tranche, HPE and its investors have the opportunity to acquire further shares of AEVI totaling up to EUR 10 million. Wincor Nixdorf intends to remain as a majority shareholder in the long term.

The investment process was accompanied by the Berenberg Bank.

The following team at P+P Pöllath + Partners extensively advised HPE Growth Capital on the structuring and implementation of the transaction:

* Frank Thiäner (partner, M&A/private equity)
* Alexander Pupeter (partner, tax)
* Christoph Thiermann (associate, M&A/private equity)
* Tim Junginger (associate, M&A/private equity)