EQS-News

EMERAM to invest in CoCoNet AG for next growth phase

Issuer: EMERAM Capital Partners GmbH / Key word(s): Investment/Private Equity EMERAM to invest in CoCoNet AG for next growth phase 29.04.2024 / 09:00 CET/CEST The issuer is solely responsible for the content of this announcement. EMERAM to invest in CoCoNet AG for next growth phase

Munich (DE), 29 April 2024 – CoCoNet AG (CoCoNet), a corporate banking software provider for digital corporate banking focused on payments and cash management, has been acquired by funds advised by EMERAM, a leading growth investor for medium-sized companies in German-speaking countries.

Founded in 1984 and headquartered Düsseldorf, CoCoNet provides stand-alone front-office solutions that enable financial institutions to enhance end-user experience without the need to overhaul their core banking systems. During the last 10 years, CoCoNet expanded from Germany to neighboring countries, such as Italy, Netherlands, UK, Switzerland and Austria.

Björn Hassing, Co-CEO of CoCoNet said: “I am immensely proud of what the CoCoNet team has achieved and with EMERAM we have found an experienced and long-term oriented investor who will be a strong partner to help us capitalize on opportunities in our next growth phase, while continuing to provide excellent customer service to our existing customers. As we embark on this exciting phase of expansion, we would like to express our gratitude to the former shareholders.”

Dr. Alexis Tran-Viet, Partner of EMERAM, explains: “We are looking forward to supporting CoCoNet in driving digital banking transformation in the coming years. EMERAM has deep expertise in B2B software and we look forward to working with CoCoNet’s management team to address some of the most pressing challenges in digital banking.”

Dr. Johannes Benzing, Principal of EMERAM, adds: “Our acquisition of CoCoNet is another example of EMERAM’s thematic sourcing strategy in attractive technology niches. Our goal is to identify software companies with market leading positions and a high share of recurring revenues which are poised for growth through product suite expansion and geographic reach.“