IMAP advises the shareholders of Beckmann & Partner CONSULT on the sale to X1F, a portfolio company of Ufenau Capital Partners

IMAP has advised the shareholders of Beckmann & Partner CONSULT GmbH, a consulting company for the financial industry, on the acquisition by the X1F Group. The shareholders of Beckmann & Partner will remain with the company and will be active in the new X1F Group. As part of X1F, Beckmann & Partner will continue to grow and focus on banking consulting with a focus on core banking, securities and payments. With its headquarters in Bielefeld and a team of 76 experts, the company has been successful in applying its combined banking and IT expertise at the interface between business and IT for more than 25 years.

The X1F Group provides one-stop technology and transformation consulting, supporting banks, insurance companies, industry and the public sector in their digital transformation with a full-service offering. Majority owned by funds of the Swiss private equity group Ufenau Capital Partners, X1F Holding, with its 13 subsidiaries and more than 1,100 employees, generates annual revenues in excess of €190 million. It provides IT solutions at 39 locations in Europe, the USA, Canada and Australia.

The three shareholders of Beckmann & Partner, Birgit Schweneker, Hermann Vogel and Matthias Wieking are optimistic about the future: "We, the beckFamily, are proud to be part of the X1F Group. We see this as an opportunity to take the next step with our expertise, ideas and values and to bring them into the group. We are looking forward to further development together".

Thomas Steiner, CEO of the X1F Group, adds: "Beckmann & Partner CONSULT brings valuable expertise to the group, which will give us decisive advantages in key projects in the area of core banking systems for public banks, the cooperative sector and private banks. We look forward to a successful cooperation and the further growth of the group".

The IMAP team, consisting of Dr Carsten Lehmann, Nils Keller, Lennart Hunold and Fabio Baumann, exclusively advised the shareholders of Beckmann & Partner in all phases of a structured M&A process up to the successful closing.