financial investor

With the help of financial investor EQT, WTS wants to become the tax consulting champion of Europe. This was announced by the duo in Munich. Turnover is to be multiplied over the next few years.

Private equity investors are moving into the previously closed market for tax consultancy and auditing, via holding company structures or providing financing. Thus the industry is going through a period of change, in spite of the ‘third-party ownership prohibition' in Germany.

Private equity firm Cinven is investing in the pet supplies retailer Fressnapf. This is the first time that 58-year-old founder Torsten Toeller has sold shares in the billion-euro company.

There is hardly any industry where the pace of change is as fast as in the software sector. SAP has responded to new strategic guidelines with the sale of its US subsidiary Qualtrics – and made a profit on the bottom line.

The financial investor KKR is teaming up with the billionaire family Viessmann as a co-investor. This is remarkable in several respects.