LEA Partners acquires SUBITO AG and strengthens its software platform for the financial services industry

Karlsruhe, November 18th, 2021 - The German technology investor LEA Partners (“LEA”) acquires SUBITO AG („SUBITO“), a leading German software provider for credit management, debt collection and specialised consulting services. After b+m Group and Base-Net Informatik AG, the acquisition of SUBITO represents the next strategic milestone in building a leading financial services software platform across the DACH region.

SUBITO, which was founded in 1990 and currently employs around 100 people at its headquarter in Mörfelden-Walldorf and its branches in Vienna and Luxembourg, is a leading software provider and consulting specialist for credit management and debt collection enabling the design and optimisation of finance processes. SUBITO’s software solutions cover the entire credit process ranging from credit origination, processing, and risk management to credit changes. Thereby, SUBITO supports savings banks, mutual savings banks as well as private banks in the field of consumer credit, mortgage lending, corporate credit and distressed loans. In addition, SUBITO offers state-of-the-art software solutions in the field of debt collection for corporates with in-house collection solutions as well as debt collection agencies. Due to the modular structure of the solutions and in combination with the process competence from its consulting division, SUBITO is able to cater to individual customer needs. The high degree of flexibility is viewed as an important value-add for banks and savings banks to link SUBITO’s solutions to the complex architecture of core banking platforms.
 

Thomas Jansen, CEO of SUBITO AG:
„With LEA, we have won a strong partner that also provides excellent knowhow and market access into the financial services industry. This allows us to accelerate our strategic focus to banking and debt collection and to significantly leverage and extend our product portfolio via the joint platform. We are looking forward to partnering with LEA and our new sister companies b+m and Base-Net”
 

Philipp Hertel, Partner at LEA:
“We are delighted to have won SUBITO, a leading software specialist for credit management and debt collection. This means for our platform that we now cover the entire span of the credit process from credit origination up to refinancing. Moreover, this applies for a wide range of credit types such as consumer credit, mortgage lending and promotional loans. In addition, SUBITO‘s leading position in debt collection is an excellent basis for further growth. With this transaction, we have achieved another significant milestone in building a leading financial services software platform across the DACH region.”

About SUBITO

Accelerating projects, reducing time-to-market and fostering digitisation: SUBITO AG supports its customers to advance in their market position. Based on 30 years of experience, SUBITO AG has established itself as the leading and reliable software provider and consulting specialist for financial services providers, debt collectors, the public sector and corporates. Its customers benefit from a modern, scalable software platform and proven, agile project management skills. SUBITO provides trustful collaboration to support and accelerate their customers’ sustainable success in the German-speaking countries.

About LEA Partners

With currently EUR 400 million in commitments LEA Partners is an entrepreneurial-minded multi-stage private equity firm investing in growth technology companies that are driving transformative change in their industries. Operating out of Karlsruhe, one of Europe's largest technology clusters, its mission is to fund and support ambitious founders and executives by leveraging them with practical, hands-on growth expertise to achieve market leadership. After the merger of PROCAD, keytech and ACATEC in May 2021 and of TAIFUN, M-Soft und PinnCalc in October 2021, setting up a buy & build platform in the financial services vertical – which comprises next to SUBITO AG also Base-Net Informatik AG and b+m Group – represents another transformative transaction for LEA’s B2B tech funds focusing on software companies in the DACH region.