SAP Fioneer wins new long-term investor with Imker Capital Partners
Walldorf/Munich, June 15 2022 – Hasso Plattner Foundation and its affiliates (“HPF”) have sold 182,927 shares (or approximately 40% of its equity stake) in INOS 20-054 GmbH, a holding company managed by DEDIQ GmbH (DEDIQ) that owns 80% of the shares in SAP Fioneer GmbH (“SAP Fioneer”), to Imker Capital Partners (“Imker”).
“We are happy to welcome Imker as a new investor, as they share our vision for the future of SAP Fioneer and fit very well with our long-term agenda”, said Dirk Kruse, CEO of SAP Fioneer.
SAP Fioneer delivers excellent financial service industry solutions to its customers, enabling them to run a more comprehensive and complete SAP-based platform, and simplify their IT landscapes, reduce cost and enhance their digitization efforts.
Imker is a European family office that has signed on as the first new long-term partner of SAP Fioneer, replacing a major fraction of the initial HPF investment. They are fully aligned with the existing shareholder group with regards to the growth potential and development agenda for SAP Fioneer.
“We are very pleased to have found a purchaser that shares our values and vision for SAP Fioneer to the benefit of all stakeholders”, said Herbert Heitmann, a spokesperson for HPF. “This outcome also encourages us in our approach to prioritize finding adequate purchasers over presenting fast results.”
HPF will continue the process of finding adequate replacements for its investment and remains committed to its obligations to SAP Fioneer.
“It has taken us some time to arrange this transaction, primarily due to the very long-term nature of the investment, but also because of the specific complexity of the carve-out”, added Matthias Tomann, responsible for the SAP Fioneer investment at DEDIQ.
About SAP Fioneer (www.sapfioneer.com)
SAP Fioneer was launched in 2021 as a joint venture between global technology leader SAP and entrepreneurial investor Dediq to become the world’s leading provider of financial services software solutions and platforms. Counting over 800 customers, SAP Fioneer is a global business with 1,000 employees in 17 offices across 14 countries, a strong presence in Europe, North and Latin America, Middle East and Asia-Pacific with a broad ecosystem of partners.
By combining the speed and agility of a start-up with the proven capabilities of a best-in-class software company, SAP Fioneer enables banks, insurance companies and challengers to run, transform and grow while meeting their need for speed, scalability, and cost-efficiency through digital business innovation, cloud technology, and solutions that cover banking and insurance processes end-to-end.
About Hasso Plattner Foundation (www.plattnerfoundation.org/)
The Hasso Plattner Foundation is a non-profit foundation under German civil law that aims to accelerate the adoption of digital technologies through science and education, improve access to art and culture, and support environmental conservation by pursuing exclusively and directly charitable and benevolent purposes.
About DEDIQ GmbH (www.dediq.com/en/)
DEDIQ is a proactive investor. We are entrepreneurs ourselves and focus on the strategic transformation of business models. We invest substantial own funds into all our portfolio companies and are actively involved in their strategic and operational development.
About Imker Capital Partners (www.imkercapital.com)
Imker Capital Partners is a single-family office investing alongside founders or backing entrepreneurial management teams in high quality companies across Europe and North America. Imker is investing with a long-term horizon and has a longstanding track record of investing in shared ownership structures.