BAVARIA Industries Group AG Sells ASTERION International GmbH to EXELA Technologies, Inc.
About ASTERION International GmbH
ASTERION provides document management and business process outsourcing services that enable the automation of front-office and back-office services. Its services include accounts payable, e-invoicing, customer communication management, as well as automated upselling and customer retention management. Operating from 13 European locations, ASTERION serves more than 250 key clients across various industries, many of them Fortune 500 companies.
About BAVARIA Industries Group AG
BAVARIA Industries is a Munich-based publicly listed industrial holding company that primarily invests in companies with clear improvement potential or businesses facing new challenges.
About EXELA Technologies, Inc.
EXELA is a leading global business process automation company combining industry-specific and cross-industry software and solutions for enterprises. EXELA’s portfolio of solutions is used in banking, insurance, healthcare, and other industries. Headquartered in Irving, Texas, USA, EXELA serves more than 3,500 customers across over 50 countries.
The Transaction
HSCie was exclusively mandated by BAVARIA Industries to identify and approach potential buyers, manage the sales process, and advise on negotiations.
About HSCie
HÜBNER SCHLÖSSER & Cie, headquartered in Munich, is an independent corporate finance advisory firm. Over the past years, HSCie has completed more than 150 transactions across various industries with a total transaction volume exceeding EUR 17 billion. HSCie is one of the leading advisory firms in Germany for mid-market transactions.