Frankfurt am Main, Germany – hillstreet advisory partners is pleased to announce the successful completion of the sale of a 49% minority stake in ProPep Software GmbH to eurodata AG.
ProPep is a specialized provider of HR software solutions for small and medium-sized enterprises. The company has established a strong market position through its innovative software platform, enabling efficient workforce management and personnel processes for its customers. Over the years, ProPep has developed a loyal customer base and a reputation for delivering reliable and user-friendly HR solutions.
The transaction marks the full integration of ProPep into eurodata, a leading provider of cloud-based software solutions and IT services for SMEs, tax advisors and accounting professionals. Through the acquisition of the remaining minority stake, eurodata further strengthens its position in the HR software market and expands its capabilities within its broader software ecosystem.
The combination creates a strong strategic fit, leveraging eurodata’s extensive technological platform, customer reach and resources while providing ProPep with an enhanced foundation for continued growth and product development.
ProPep Software GmbH
ProPep is a German software company focused on developing HR software solutions for small and medium-sized businesses. The company supports customers with digital tools for workforce management, personnel administration and related HR processes.
eurodata AG
Headquartered in Saarbrücken, Germany, eurodata is a leading provider of cloud-based software solutions and IT services for small and medium-sized businesses, tax advisors and accounting professionals. The company offers a broad portfolio of digital solutions supporting payroll, accounting, business management and compliance processes.
hillstreet advisory partners GmbH
Based in Frankfurt am Main, hillstreet advisory partners is an independent M&A advisory firm focused on advising entrepreneurs, shareholders and investors on company sales, acquisitions and succession solutions. The firm combines senior-level execution with sector expertise across industrials, business services, consumer, healthcare and technology. Since 2000, the team has successfully advised on more than 100 transactions.
hillstreet acted as exclusive financial advisor to the minority shareholders of ProPep throughout the transaction.
Contacts and Deal Announcements
Media Contact
media@hillstreet-advisory.com
Deal Team
Marco Strogusch | Managing Partner
strogusch@hillstreet-advisory.com
Markus Wenzel | Managing Partner
wenzel@hillstreet-advisory.com