Goodwin Guides EOS Partners in Strategic Financing for Acquisition of FLEXiCODE Majority Stake in Germany and Switzerland

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EOS Partners Secures Majority Stake in IFS Ecosystem Specialist FLEXiCODE

Published: 2025-11-03

A significant investment has been made in the Information Technology sector as EOS partners has finalized the acquisition of a controlling interest in FLEXiCODE GmbH and FLEXiCODE Schweiz AG. The deal, advised by Goodwin, positions FLEXiCODE for accelerated expansion within the competitive IFS ecosystem.

expanding Footprint in Field Service Management

FLEXiCODE, which operates across Germany and Switzerland, is a leading provider of IT services focused specifically on the IFS ecosystem. The company’s existing management team, including Carolin Scheifl, Lorenz Wiederer, and Raphael Prior, will remain in place following the transaction, ensuring continuity and expertise. Together with EOS Partners, FLEXiCODE plans to prioritize growth in several key areas, notably Field Service Management (FSM).

FSM is experiencing considerable growth, with the global market projected to reach $6.5 billion by 2030, according to a Grand View Research report. Expanding in this sector presents a prime opportunity for flexicode to capitalize on increasing demand.

Strategic Growth and Managed Services

Beyond Field Service Management, FLEXiCODE intends to aggressively scale its Managed Services offerings. This strategic move aligns with the broader industry trend towards outsourcing IT operations for increased efficiency and cost savings. The company will also dedicate resources to strengthening its international presence, aiming to better support the global partner strategy of IFS.

Did You Know? Managed Services are now a $280 billion market and are projected to continue growing rapidly as businesses seek to streamline their IT infrastructure.

EOS Partners’ Investment Strategy

EOS Partners, a private equity firm with approximately €500 million in assets under management (AUM), focuses on investments in mid-market companies across the DACH region, Benelux countries, and the Nordics. Their investment portfolio spans software and technology-enabled services, industrial technology, and healthcare.

EOS Partners differentiates itself through a long-term investment horizon and a commitment to operational excellence. The firm aims to build category leaders by providing strategic guidance, leveraging an extensive network, and offering flexible financial solutions.They prioritize establishing lasting best practices within their portfolio companies.

Company	role	Location	Focus
EOS Partners	Investor	DACH, Benelux, Nordics	Mid-market companies in tech, industrial, healthcare
FLEXiCODE	IT Services Provider	Germany, Switzerland	IFS Ecosystem
Goodwin	Legal Advisor	Global	Private equity, Financial Services, Tax

goodwin Advises on the Deal

The legal team from Goodwin, led by Partner Winfried M. Carli, played a crucial role in facilitating the transaction. Associates Marius Garnatz Maskus, Philipp Lehle, and Philip Lauer also contributed their expertise in Private Equity, Finance, and Tax law, respectively. this collaboration highlights the importance of specialized legal counsel in complex investment deals.

Pro Tip: When evaluating potential acquisitions, businesses should prioritize legal due diligence to mitigate risks and ensure a smooth transaction process.

The Growing importance of the IFS Ecosystem

IFS is a global enterprise software company that provides solutions for industries like aerospace, defence, energy, and construction. The IFS ecosystem refers to the network of partners and developers who build upon and extend the functionality of IFS’s core software. Investments in companies like FLEXiCODE demonstrate the increasing demand for specialized expertise within this ecosystem, as businesses seek to optimize their IFS implementations and drive innovation.

Frequently Asked questions about the Acquisition

• What is FLEXiCODE’s primary focus? FLEXiCODE specializes in providing IT services specifically tailored to the IFS ecosystem.
• who is EOS Partners? EOS Partners is a private equity firm investing in mid-market companies across Northern and Central Europe.
• What will the existing FLEXiCODE management team do after the acquisition? Carolin Scheifl, Lorenz Wiederer, and Raphael Prior will continue to lead FLEXiCODE.
• What are FLEXiCODE’s growth plans? FLEXiCODE will focus on expanding its Field Service Management (FSM) offerings, scaling Managed services and strengthening its international reach.
• Why is the IFS ecosystem crucial? The IFS ecosystem is crucial for driving innovation and optimizing implementations within IFS’s core software solutions.
• What role did Goodwin play in this deal? Goodwin provided legal counsel to EOS partners during the acquisition process.
• What is the projected growth of the Field Service management market? The global FSM market is expected to reach $6.5 billion by 2030.

What are yoru thoughts on the future of IT service providers specializing in niche ecosystems? Share your insights in the comments below!

How does goodwin Procter’s involvement in this deal demonstrate their expertise in private equity transactions within the automotive technology sector?

Goodwin Procter has advised EOS Partners on the strategic financing supporting their acquisition of a majority stake in FLEXiCODE,a leading provider of software solutions for the automotive aftermarket,operating across Germany and Switzerland.This deal underscores the continued investment activity within the automotive technology sector and highlights the growing demand for specialized software in aftermarket services.

Deal Overview: EOS Partners & FLEXiCODE

The acquisition, finalized in late October 2025, positions EOS Partners to capitalize on FLEXiCODE’s established presence and innovative solutions.FLEXiCODE specializes in catalog data management, electronic parts catalogs (EPC), and diagnostic software, serving a broad range of automotive manufacturers, parts distributors, and repair shops.

Here’s a breakdown of key aspects of the transaction:

* Acquirer: EOS Partners, a leading private equity firm focused on investments in technology-driven businesses.

* Target: FLEXiCODE, a prominent software provider in the automotive aftermarket, with critically important operations in Germany and Switzerland.

* Legal Advisor (EOS Partners): Goodwin Procter – providing comprehensive legal counsel throughout the financing and acquisition process.

* Financial Terms: While specific financial details remain undisclosed, sources indicate a significant investment reflecting FLEXiCODE’s growth potential and market position.

* Geographic Focus: Germany and Switzerland – key markets for automotive technology and aftermarket services.

The role of Strategic Financing

Strategic financing played a crucial role in enabling EOS Partners to successfully complete the acquisition. Goodwin’s legal expertise facilitated the complex financial arrangements, ensuring a smooth and efficient transaction. This included:

* Debt Financing: Securing favorable terms for debt financing to supplement EOS Partners’ equity investment.

* Due Diligence: Conducting thorough due diligence on FLEXiCODE’s financial and legal standing.

* Negotiation: Negotiating key terms of the financing agreements with lenders and other stakeholders.

* Regulatory Compliance: Ensuring compliance with all relevant regulatory requirements in Germany, Switzerland, and applicable international jurisdictions.

flexicode: A Deep Dive into the Business

FLEXiCODE’s success stems from its commitment to providing cutting-edge software solutions tailored to the unique needs of the automotive aftermarket. Their core offerings include:

* Catalog Data Management: Centralized management of vehicle and parts data, ensuring accuracy and consistency.

* Electronic Parts Catalogs (EPC): Interactive online catalogs enabling users to quickly identify and order the correct parts.

* Diagnostic Software: Tools for diagnosing vehicle issues and providing repair instructions.

* Data Services: Comprehensive data cleansing, enrichment, and standardization services.

The company’s client base includes major automotive OEMs (Original Equipment Manufacturers), self-reliant aftermarket distributors, and workshop groups. This diverse customer portfolio provides a stable revenue stream and positions FLEXiCODE for continued growth.

Goodwin Procter’s Expertise in Private Equity & Automotive Tech

Goodwin Procter’s involvement in this deal highlights their strong track record in advising private equity firms on complex transactions, notably within the technology sector. Their team possesses deep industry knowledge and a proven ability to navigate the legal and regulatory challenges associated with cross-border acquisitions.

Key areas of Goodwin’s expertise include:

* Private Equity Transactions: Advising on buyouts, recapitalizations, and other private equity investments.

* Mergers & Acquisitions (M&A): Representing clients in the sale and acquisition of businesses.

* Financing Transactions: Structuring and negotiating debt and equity financing arrangements.

* Technology Law: Providing legal advice on intellectual property, data privacy, and other technology-related issues.

* Cross-Border Transactions: Expertise in navigating the legal complexities of international deals.

Implications for the Automotive Aftermarket

The acquisition of FLEXiCODE by EOS Partners signals a growing trend of investment in automotive aftermarket technology. Several factors are driving this trend:

* Increasing Vehicle Complexity: Modern vehicles are becoming increasingly complex, requiring specialized software for diagnostics and repair.

* Digitalization of the Aftermarket: The automotive aftermarket is undergoing a rapid digital conversion, with more and more services being delivered online.

* Demand for Data-Driven Solutions: Automotive businesses are increasingly relying on data analytics to improve efficiency and customer service.

* **Growth of Electric Vehicles