Munich, November 15th, 2022 – Cloudflight, a leading full-service provider for corporate digital transformation, today announced that Partners Group, acting on behalf of its clients, will support it as a new strong and experienced financial investor. With the Swiss investment company, Cloudflight welcomes a new majority shareholder that has been independently active in the market as well as a market leader since 1996. Partners Group will support Cloudflight’s further development as well as its internationalization as part of its next growth phase.
For Cloudflight, this strategic move represents a milestone on its mission to become the leading provider for business model, process and product digitalization in Europe. Roger Kehl, Chief Executive Officer, Cloudflight, comments: “At Cloudflight, we differentiate ourselves through our broad technological capabilities, where we work with customers at every step of their digital journey from ideation through development to the operational phase. After a period of growth, we are now looking to continue this exciting journey and also explore further geographic possibilities beyond the DACH region and into other high-growth European markets. Partners Group’s extensive operational experience in the sector and in business development make the firm an ideal future partner.”
Bilge Ongut, Partner, Head Private Equity Technology Industry Vertical, Partners Group, adds: “Cloudflight’s numerous competitive advantages are their true differentiator. These include technological know-how, a high quality of delivery, a unique company culture, access to talents and a clear focus towards customer centricity. Our strategy will aim at further evolving these USPs while benefiting from the industry’s favorable growth potential. We’re excited about this partnership with the Cloudflight team, and we’re convinced that Cloudflight will successfully kick off its new growth phase with our support.”
The sale by DBAG (Cloudflight majority shareholder since 2019) is expected to be completed within the next four months. Both DBAG and DBAG Fund VIII continue to see potential for further growth with Cloudflight and will remain on board as minority shareholders.
About Cloudflight
Cloudflight is one of the leading full-service providers for industrial digital transformation in Europe. Around 1.000 visionary IT strategists, consultants, data scientists, cloud specialists, and excellent software architects help enterprises to take their digitalization to the next level. Cloudflight’s expertise includes artificial intelligence, cloud applications and operations, embedded software development, human-machine interface design, cognitive systems as well as global e-commerce solutions for B2B and B2C customers. Cloudflight delivers scalable, flexible custom software, to be implemented quickly and seamlessly by qualified IT specialists. Customers benefit from a fast return on investment, a future-proof technology stack and a significant gain in operational efficiency. For more information, please visit www.cloudflight.io.
About Partners Group
Partners Group is a leading global private markets firm. Since 1996, the firm has invested USD185 billion in private equity, private real estate, private debt, and private infrastructure on behalf of its clients globally. Partners Group seeks to generate strong returns through capitalizing on thematic growth trends and transforming attractive businesses and assets into market leaders. The firm is a committed, responsible investor and aims to create sustainable returns with lasting, positive impact for all its stakeholders. With USD 131 billion in assets under management as of 30 June 2022, Partners Group provides an innovative range of bespoke client solutions to institutional investors, sovereign wealth funds, family offices and private individuals globally. The firm employs more than 1,600 diverse professionals across 20 offices worldwide and has regional headquarters in Baar-Zug, Switzerland; Denver, USA; and Singapore. It has been listed on the SIX Swiss Exchange since 2006 (symbol: PGHN). For more information, please visit https://www.partnersgroup.com.