SALE OF SHARES CONUTI

Deal Announcement

DEAL ANNOUNCEMENT | OX8 CORPORATE FINANCE ACTS AS EXCLUSIVE ADVISOR TO THE SHAREHOLDERS OF CONUTI GMBH ON THE SALE OF SHARES TO NORD HOLDING

Aschaffenburg / Karlsruhe / Hannover, 28 February 2022

ox8 Corporate Finance exclusively advised the shareholders of CONUTI GmbH („CONUTI“) on the sale of shares to NORD Holding. In the course of the CONUTI acquisition, NORD Holding is establishing a new group of companies together with its portfolio company EWERK. By grouping up, both companies are combining their expertise in IT services with focus on regulated end customers. The group continues to pursue an ambitious organic as well as inorganic growth strategy.

CONUTI GmbH, founded in 2010, operates as a partner for the implementation and the development of software solutions for business-critical processes in the energy sector. With currently more than 60 employees, CONUTI is a demanded specialist for IT consulting and development services for the powercloud ecosystem, an energy sector specific software solution. In addition to large energy suppliers, customers also include regional municipal utilities as well as other energy market-related players. CONUTI co-founder Daniel Heinemann will continue the growth path as a shareholder and CEO of the company together with its management team. Co-founder Markus Tegetmeyer will exit the company as part of this transaction.

Daniel Heinemann, CEO of CONUTI, explains: “We are looking forward to working with NORD Holding and EWERK. As part of the group, we will be able to accelerate our growth in a structured way. Thus, not only our customers, but also our employees will benefit significantly. On the one hand through experience exchange, the technical expertise, as well as the additional business opportunities.”

“The ox8 Corporate Finance team has supported us outstandingly from the first meeting until the closing and more than exceeded our expectations – that was true Champions League. The team acted in a highly professional, committed and structured manner with great sensitivity and experience in all aspects of the process. We are very happy to have chosen ox8 as our M&A advisor – you can’t do M&A any better.”

About CONUTI (www.conuti.de)

CONUTI is an innovative IT consulting company with many years of experience in the utility industry. Since 2016, CONUTI has been working closely with powercloud on numerous implementation, migration and development projects. In doing so, the team of over 60 employees delivers end-to-end projects and is active as a full-service provider for all relevant topics related to powercloud. In addition to IT services, the CONUTI offering also includes powerApps, such as tenant power, market partner sync and master data replication, which create added value in the direction of digitalization and are listed in the powerApp store.

About EWERK (www.ewerk.de)

EWERK is a leading full-service IT provider with a focus on regulated end customers. Founded in 1994 and based in Leipzig, EWERK employs over 250 people. Since 2020, EWERK has been part of the NORD Holding portfolio. The service portfolio covers the entire technological lifecycle: from IT project consulting, software development & design, transition management, enterprise IT outsourcing to the operation of own data centers and critical infrastructures, as well as business process outsourcing. EWERK customers are European companies from the energy, healthcare, mobility and public sectors with a special focus on regulated end customers.

About NORD Holding (www.nordholding.de)

With over 50 years of history and assets under management of € 2.5 billion, NORD Holding is one of the leading private equity asset management companies in Germany. The focus is on the investment areas of direct investments and funds of funds. The focus of the direct business is on structuring and financing corporate succession models, the acquisition of group divisions/subsidiaries and expansion financing for medium-sized companies. In contrast to most other financial investors who manage funds for a limited period of time, NORD Holding operates as a so-called “evergreen fund” with no time limit and invests off the balance sheet. The company currently has direct investments in more than 15 companies in Germany and other German-speaking countries.

About ox8 Corporate Finance (www.ox8-cf.com)

ox8 Corporate Finance is an independent corporate finance boutique founded in 2018 by experienced M&A specialists. Corporate finance advisory services are offered with a focus on M&A as well as Growth Capital in the Software/ Saas, Digital Commerce, Technology/ IT services and Healthcare sectors. The team has an excellent international network to financial investors and strategic buyers. ox8 Corporate Finance has offices in Frankfurt am Main and Aschaffenburg.