Summa Equity buys Myneva from BID Equity

Summa Equity has acquired a majority stake in Myneva from BID Equity.

Summa Equity has acquired a majority stake in Myneva from BID Equity. No financial terms were disclosed. Arma Partners was financial advisor to Summa Equity on the deal. Based in Hamburg, Myneva is a software provider of the social care sector.

PRESS RELEASE

Arma Partners is pleased to announce that it has acted as exclusive financial advisor to Summa Equity on its acquisition of a majority stake in myneva, a leading European software provider for the social care sector, from BID Equity.
Founded in 2017 and headquartered in Hamburg, myneva offers dedicated SaaS solutions across the elderly, disabled, social and youth care sectors, helping care providers digitise their workflows, better manage increased demand for care and respond to evolving patient needs. myneva was formed through the merger of the Regas Group, Heimbas and Daarwin and the subsequent acquisition of six established and independent software specialists. Since then, the company has experienced double-digit growth and now operates in six countries across Europe with 220 employees and around 2,000 customers.

Under Summa Equity ownership, myneva will pursue significant opportunities for further growth and international expansion, delivering both financial returns and numerous social benefits. As Summa’s first investment in Germany, this deal also represents a significant milestone for the fund’s ambitions in the DACH region and across Europe.

Following the recent sale of Allocate Software to RLDatix, this transaction highlights Arma Partners’ continued success in the Digital Health segment and our track record of working with private equity firms on cross-border deals.

About Arma Partners
Arma Partners provides independent corporate finance advice to companies and investors active in the global Digital Economy. We act as trusted advisors to Digital Economy leaders throughout their entire corporate lifecycle, from raising private capital for fast-growing disrupters and founder-led businesses to orchestrating complex cross-border M&A deals for private equity investors and global large-cap public companies. Founded in 2003, Arma today employs a large dedicated advisory team with unparalleled domain expertise and an enviable track record in each of the diverse sub-segments that together comprise the ever-expanding global Digital Economy.