"It couldn't have come at a better time."

ITecon Group
IT services and cloud services
Stephan Hölger-Winhardt

Relevant facts

Year of foundation


Size of the company

23 employees

Project duration

5 months

Sales year


Initial situation

The ITecon Group consists of ITecon GmbH, a leading provider of IT/cloud and data center services with a focus on companies in the regulated environment and with its own modular data center, and ITecon Financial IT-Service GmbH, a provider of ATM software. Customers include operators of system-relevant infrastructures as well as medium-sized companies that have the highest requirements in terms of security standards and reliability. In addition to data centers, the ITecon Group offers a wide range of highly specialized IT services and cloud services for banks and financial service providers. 

Due to the increasing demand in the market for data centers with extraordinary security requirements and the excellent positioning in this segment, the ITecon Group has been able to record strong sales and profit growth in recent years. When the two owners Stephan Hölger-Winhardt and Heiko Zißner discussed a possible sale with their bank advisors at Deutsche Bank, they recommended CARL as the ideal contact to evaluate sales opportunities in detail. Thanks to the long-standing partnership between Deutsche Bank and CARL, the client advisor was aware that CARL could also develop a dedicated strategy for the sales process and ensure an efficient as well as successful process.


At an early stage, CARL decided to conduct the process in tandem with the specialized partner advisors from SGP Schneider Geiwitz Corporate Finance. Due to the sensitive data hosted in ITecon's data centers, the process was primarily characterized by an extremely high degree of discretion. With regard to the clientele of the ITecon Group, a large number of BaFin regulations also had to be taken into account, which made the transaction additionally demanding. In order to ensure an efficient process and to meet the high confidentiality requirements, suitable investors were selected and approached very selectively. Thanks to a successful selection of investors, concrete negotiations with interested investors could be conducted within a very short period of time.


Thanks to the professional analysis of the consulting team, the great potential of the ITecon Group was already recognized in an early phase and communicated to the interested investors through a coherent presentation in a value-optimized manner. Finally, the transaction team of CARL and SGP Schneider Geiwitz Corporate Finance succeeded in obtaining purchase offers that significantly exceeded the expectations of the shareholders. The entire transaction was completed in just five months to the utmost satisfaction of all parties involved. In the end, the contract was awarded to synaforce, a buy-&-build platform in the field of high-end data center services of the Munich-based private equity investor Afinum. With the acquisition, synaforce significantly complements its service offering for banks and financial service providers as well as other operators of critical infrastructure and sustainably expands its geographic presence in the greater Frankfurt area. The previous owners of the ITecon Group, Stephan Hölger-Winhardt and Heiko Zißner, will remain active as managing directors of ITecon. Both expressed their delight about the transaction and the upcoming common future.

"synaforce and Afinum are ideal partners to initiate the next growth stage of the ITecon Group. CARL and SGP Corporate Finance recognized the great potential of ITecon from the very beginning and, together with legal advisor McDermott, provided us with comprehensive professional advice to implement this complex growth transaction to private equity in the best possible way for us in all relevant transaction aspects. It could not have come at a better time."
Stephan Hölger-Winhardt

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