Watson Farley & Williams (“WFW”) has advised Elovade Beteiligungs-GmbH (“Elovade”), a value-added software distributor and portfolio company of HQ Equita, on its acquisition of Swedish software distributor Inuit AB (“Inuit”).

This acquisition aligns with Elovade’s strategy to expand internationally by enhancing its product offerings in IT security and infrastructure software.

Based in Wetzlar, Germany, Elovade is a prominent European distributor specializing in IT security and cloud services. Its 150 experts, spread across Germany, Italy, Sweden, and Switzerland, support thousands of IT service providers and system integrators throughout Europe in the sale and implementation of software solutions.

HQ Equita, headquartered in Bad Homburg, is one of the most experienced private equity investors in the German-speaking market. Founded in 1992, HQ Equita has raised around €1bn in capital and invested in over 35 companies. Its investors include institutional groups, family offices, foundations, and prominent entrepreneurial families. In early 2024, Elovade also gained Verdane, a private equity firm focused on sustainable growth and value creation, as a strong financial partner.

Inuit, based in Danderyd, Sweden, is a software distributor offering solutions for IT operations and security, including network and server monitoring, cloud services, and IT analytics.

The WFW Corporate and M&A team advising Elovade was led by Munich Partner Simon Preisenberger, with support from Associates Julian Kasper, Christian Schulten-Baumer, and Andreas Urdl. Financial advice was provided by Hamburg Partner Stefan Kilgus, Senior Associate Marlene Kowerk, and Associate Finja Schmale.

Simon commented: “We are pleased to have assisted Elovade and our long-standing client HQ Equita in this strategic acquisition. The transaction showcases WFW’s expertise in handling complex international deals.”