P+P advises Caldec Holding on the sale of shares in Tabularius Holding GmbH

March 2016

Caldec Holding GmbH Hamburg (Caldec) sold its majority shares in Syntela IT-Dienstleistungs GmbH (Syntela) to Tabularius Holding GmbH. The transaction volume remains confidential.

Tabularius Holding GmbH is a portfolio company owned by Bregal Investments, which is owned by Cofra Holding in Switzerland. Cofra Holding manages the assets of the Brenninkmeijer family (C&A). Cofra recently acquired one of Syntela's competitors, Retaxfirma Inter-Forum, which is headquartered in Leipzig, as is Syntela. Syntela has over 100 employees and is one of the leading providers of accounting services for statutory health insurance companies; more than half of the statutory health insurance companies are Syntela clients.

Caldec is an independent holding company headquartered in Hamburg. Caldec specializes in investments in profitable business-to-business service providers, as well as other companies that have low capital intensive business models in German-speaking countries.

P+P Pöllath + Partners advised Caldec Holding GmbH with the following interdisciplinary team in all locations:

P+P Pöllath + Partners advised Caldec on the acquisition of the Syntela participation at the end of 2014