Partners Group to acquire Cloudflight, a leading digital transformation services provider

Partners Group / Key word(s): Acquisition/Investment Partners Group to acquire Cloudflight, a leading digital transformation services provider 11.11.2022 / 09:00 CET/CEST Baar-Zug, Switzerland; 11 November 2022

• The transaction values Cloudflight at an enterprise value of just under EUR 400 million
• Cloudflight provides mission-critical services to help companies digitize business models, processes, and products
• Partners Group's value creation plan will focus on expanding into new markets

Partners Group, a leading global private markets firm, has, on behalf of its clients, agreed to acquire a controlling equity stake in Cloudflight (or "the Company"), a leading digital transformation services provider in Europe, from Deutsche Beteiligungs AG. The transaction values Cloudflight at an enterprise value of just under EUR 400 million.

Cloudflight provides scalable solutions and tailor-made software to help companies digitize their business models, processes, and products. The Company's core expertise is in software development for long-term projects, which typically requires deep expertise within fields such as Internet of Things, cloud architecture, machine learning, and artificial intelligence. Cloudflight has around 1,000 IT strategists, software developers, data scientists, and cloud specialists, and 19 offices across Germany, Austria, the Netherlands, Poland, and Romania. The Company is well-positioned to benefit from future growth in the digital transformation services and cloud computing markets, which is being driven by the accelerated shift to digital, rapid investment in customer-facing products, the upgrade of technology infrastructure, and increased reliance on outsourced talent.

Cloudflight has more than doubled revenues over the last three years and is set to see sustained strong growth momentum under Partners Group's ownership. Partners Group will work with management to transform Cloudflight, with key value creation initiatives including further building out the Company's portfolio of technical capabilities and vertical expertise, expanding into new markets, intensifying strategic customer relationships, and institutionalizing the Company's organisation and operations.