MAJORITY SALE PKN

Deal Announcement

DEAL ANNOUNCEMENT | OX8 CORPORATE FINANCE ACTS AS EXCLUSIVE ADVISER ON THE SALE OF PKN GROUP TO LMP PARTNERS

Frankfurt / Berlin / Munich, 5 May 2022

ox8 Corporate Finance advised founder Heiko Weidlich and the other shareholders of PKN Group (“PKN”) as exclusive M&A advisor on the sale of the group companies to IT investor LMP PARTNERS.

The IT solution provider PKN was founded in 1995 by Heiko Weidlich and today consists of the three companies PKN Datenkommunikations GmbH, PKN Datenvernetzungs GmbH and REALCLOUD Services GmbH.

As a leading IT services provider in the Berlin/Brandenburg region, PKN offers customized solutions for the digital transformation of medium-sized companies. In this context, PKN mainly focuses on data center services, cloud services and cyber security.

As part of LMP PARTNERS, PKN will complement the existing core group companies Weiss IT Solutions and amalphi with the goal of reaching group revenues of EUR 100 million in 2023.

Mr. Weidlich will remain with the group of companies as a consultant. Going forward, PKN will be led by the Managing Directors Tarek El-Sharkawy and Björn Köppe, who have already significantly contributed to the success of PKN as managers for many years. All three of them will re-invest in LMP PARTNERS.

Heiko Weidlich states: “With LMP PARTNERS, we have found the ideal partner for my life’s work, the PKN Group, which I founded in 1995, and for the management and employees. LMP PARTNERS will enable PKN to leverage its potential on a supra-regional basis and in new customer segments. ox8 Corporate Finance has provided me and the other shareholders with first-class advice over the last few months in the search for the best partner for us and in the implementation of the transaction.

I would like to thank ox8 Corporate Finance for the thorough analysis of financials and customer data, the excellent preparation of process documents as well as the highly professional execution of the entire M&A process in the past months. I am happy to recommend ox8 to all founders who are looking for an absolutely reliable and qualitatively leading advisor for the sale of their company.”

Tarek El-Sharkawy adds: “Thanks to the partnership with LMP and the Weiss IT Group, we are now in a position to offer our customers a comprehensive, customized managed service across the entire IT lifecycle, from workplace to server or cloud solutions, not only in Germany but also in neighboring European countries.

Due to their profound know-how in the IT services sector and high-level access to all relevant buyers and potential partners for the PKN Group, ox8 Corporate Finance was the ideal partner for us as shareholders of PKN: a perfect match.“

About PKN Group (www.pkn.de)

PKN Group was founded in 1995 by Heiko Weidlich and today employs over 80 highly trained experts who support customers in providing their employees with innovative IT solutions. PKN Group operates in the market through three successful and complementary companies: PKN Datenkommunikations GmbH, PKN Datenvernetzungs GmbH and REALCLOUD Services GmbH.

As a full-service IT provider, PKN provides support in consulting, design, implementation and operation of solutions in the areas of network technology, servers, storage and backup systems, server and desktop virtualization, unified communications, mobility, security or ECM solutions.

PKN maintains long-term partnerships with market-leading providers and bundles their high-performance standard products into efficient and stable IT solutions that allow customers to optimize their business processes through IT solutions.

About LMP PARTNERS (www.lmp-partners.de)

Munich-based LMP PARTNERS acquires majority stakes in IT companies and leverages their growth potential through additional investments and expertise. In addition to the PKN Group, Weiss IT Solutions GmbH as well as amalphi GmbH belong to the core of the B2B IT Service Group, which offers customized IT solutions.

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.