BAVARIA Industries Group AG sold ASTERION International GmbH to EXELA Technologies, Inc.
Hübner Schlösser & Cie advised BAVARIA Industries
Bavaria Industries Group AG, the Munich based listed industrial holding company, sold ASTERION International GmbH (“ASTERION”), a provider of technology driven business process outsourcing, document management and digital data processing across Europe to EXELA Technologies, Inc., (“EXELA”) one of the largest global providers of platforms for business process automation.
ASTERION provides document management and business process outsourcing services enabling automation of front and back-office services. It’s service portfolio spans accounts payable, e-invoicing, customer communication management and automated customer upsell and retention management. From 13 European locations, ASTERION serves over 250 key customers across a range of industries, many of which are global Fortune 500 companies.
EXELA is a global business process automation leader, combining industry-specific and industry-agnostic enterprise software and solutions. Its BPA suite of solutions are deployed across banking, healthcare, insurance and other industries. Headquartered in Irving, Texas, USA, EXELA serves over 3,500 customers across more than 50 countries.
HSCie was exclusively mandated by BAVARIA Industries to identify and approach potential acquirors, manage the sale process and advise in the negotiations.
HÜBNER SCHLÖSSER & Cie, located in Munich, is an independent corporate finance advisory firm, specialized in acquisitions and divestitures of medium-sized and large companies worldwide. In the last years the firm advised in more than 150 transactions with a total transaction value of over EUR 17 billion. HSCie is one of the leading advisory firms for medium sized transactions in Germany.