Munich Office to Drive Expansion into the DACH Markets
London (UK), January 2023 - Tenzing, a European mid-market tech investor, has announced that it has opened an office in Munich to support its continued European expansion efforts. The office opening follows the news that the firm has recently also established a presence in the Nordics.
Tenzing is currently investing from its second €480m fund and will continue its proven strategy of finding the best high-growth, tech-enabled UK and European businesses, and fuelling their growth with investment and support from the best and most ambitious entrepreneurial minds. It has an existing portfolio of 14 mission-critical software and service leaders, including those in HR tech, fintech, transport management, eLearning, and business services. Tenzing has already made 26 add-on acquisitions for its portfolio companies over both its funds.
To lead efforts in the German-speaking regions, Christian Ramme has now joined Tenzing as Head of DACH. Christian becomes part of the Investment Team and brings 20 years of M&A and direct investment experience. His focus has been on German and European B2C and B2B technology companies. Most recently, he was Managing Partner, M&A for the Technology, Media, and Telecommunication (TMT) sector at KPMG Germany, and before that he was Head of Growth Capital and Managing Director of the Technology Practice at the Frankfurt-based European investment banking boutique ACXIT Capital Partners.
The Munich-based team will play a vital role in shaping Tenzing's DACH go-to-market strategy; enhance the firm's ability to identify new investments; support existing portfolio companies to expand in the region; as well as serve as a hub to recruit key talent.
With this step in Tenzing's German expansion, entrepreneurs will benefit from the expertise of an investor on the ground, as well as be able to opt-in to the full support of Tenzing's Entrepreneur-Led Growth Team. The firm's value creation engine is unique, fuelled by a consultant-free zone of practitioners and specialists. With Tenzing as its investment partner, portfolio companies can call on dedicated acquisitions directors, four of the tech world's top PE-backed entrepreneurs, hands-on subject specialists, and Sherpas, who work directly alongside CEOs to implement and execute projects to help accelerate growth.
Christian commented, "The market for small and medium-sized high-growth technology businesses in DACH continues to be a highly attractive and growing market segment. Tenzing's unique DNA of entrepreneurship at heart, longstanding private equity expertise, and clear technology focus, combined with a world-class team of investment professionals and an entrepreneur-led growth team, will undoubtedly benefit any entrepreneurial-backed businesses looking for a new and well-established partner for the next phase of value creation. I am very excited about the new role, working with and becoming part of the Tenzing family and bringing the Tenzing team spirit to the DACH region. "
Guy Gillon, Co-Founder and CEO of Tenzing, added, "Expanding into DACH is a key part of Tenzing's European investment strategy, and the opening of our Munich office demonstrates our strong commitment to the entrepreneurs and high-growth software and services businesses in the DACH region. We're really excited to welcome Christian to the firm and are confident his extensive network, leadership, and investing experience make him the ideal partner to support our portfolio companies to reach the summit of their ambitions in DACH and abroad."
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