Castik Capital is a European Private Equity firm with a long-term approach to value creation.

Alpega

logistics software company and freight marketplace

Funds managed by Castik invest in high-quality businesses headquartered in Europe.

Acrotec

Critical components for luxury watches, medtech and other industrial end-markets

Castik Capital supports managers or founders to achieve their ambitious growth plans.

AllDent

Operator of multiple large dental care practices in Germany

Castik Capital offers flexibility in terms of investment to offer most suitable proposition.

CPA

Provider of intellectual property management services and software

Castik Capital is a European Private Equity firm with a long-term approach to value creation.

Waterlogic

Workplace hydration solutions company

European Private Equity Fund with longer-term approach

Current fund size:  €1bn

Target initial enterprise value c. €200-800m

About Castik

Castik Funds invest in great companies and management teams with the aim to create market leaders.

Founded in 2014, Castik Capital focuses on identifying and developing investment opportunities across Europe. The investments are made by the Luxembourg based EPIC funds. The first fund, EPIC I, has a volume of €1 billion and was raised in 2014/2015. The second fund, EPIC II, had its first close in April 2019. The Castik employees have extensive knowledge and experience in the Private Equity markets, with a team that has been actively investing in transactions for over 25 years. The advisor to Castik Capital is Castik Capital Partners GmbH, based in Munich.

News

Funds managed by Castik Capital acquire ipan Group and Delegate

16.05.2018

Funds advised by Castik Capital, the European private equity investment firm, have entered into binding agreements to acquire majority stakes in two fast-growing intellectual property management services and software companies, ipan Group and Delegate.

ipan Group, headquartered in Munich, is a rapidly-growing provider of intellectual property management services and software. With offices throughout Europe and the US, and long-standing partnerships with 100+ leading IP law firms, it offers highly transparent, efficient and flexible patent annuity, trademark renewal and European Patent (EP) validation services, as well as extended services such as IP recordals. Ipan Group’s software offering comprises the leading intellectual property management software solutions Unycom, IPfolio and IPSS, which enable both corporate IP departments and IP law firms to efficiently manage their IP portfolios along the entire lifecycle. Through the recent launch of ip-x-change, ipan Group has created an open platform connecting services and software to offer a single point of contact for all IP services to its 450+ clients. Founded in 2004 by Anton Bory, ipan Group is led since February 2018 by CEO Jens Lütcke.

Delegate is a fast-growing administrative support service provider with a very strong capability and reputation in services for EP validations and foreign filings, and a growing presence in IP renewals services and IP recordals. It was formed in 2015 through the merger of Valipat, the Brussels-based leading provider of EP validation and filing services, and Envoy, the Glasgow-based fast-growing IP renewals services provider. With offices in Europe and the U.S., it serves 700+ IP law firms and corporate IP departments with in-house attorneys through an agent network of 170+ leading law firms, covering all jurisdictions of the worldwide IP markets. The company is led by CEO Patrice Durand, who has been involved in Valipat since its foundation as part of IP law firm Gevers Group and subsequent spin-off.

“Castik Capital is excited by this opportunity of acquiring two great companies in the growing IP management services and software market, thereby creating an ideal platform for continued organic growth that will enable both companies to develop and enhance their high-quality suite of products and services.” said Michael Phillips, Investment Partner at Castik Capital.

The two companies are continuing to operate under their own brands and will be led by the existing Delegate and ipan Group management teams, who are all fully on board and highly committed to this exciting project.

“This combination is a game-changer. ipan Group and Delegate share similar customer-centric and innovative DNAs. Bringing together our talented teams and highly complementary service and software offerings will enable us to address increasing business demands from IP professionals around the world.” said Patrice Durand, the CEO of Delegate. “This deal sets us on a unique path to face the exciting challenges of the IP industry.”

“We are excited to join forces with ipan Group and Castik, which will be a step-change in our combined capabilities to serve our clients.” said Envoy’s founder David Kennedy.

“We are excited to partner with Castik to enter into the next phase of growth. The combination with Delegate marks another milestone in our development as a leading global provider along the entire IP management lifecycle.” said Anton Bory, founder of ipan Group.

“Combining our complementary focus areas and capabilities will enable us to deliver an even more attractive offering for our customers going forward, and to do so even more efficiently. We are excited to take this next step to accelerate our joint development in partnership with Castik.” said Jens Lütcke, the CEO of ipan Group.

Castik was advised on the transaction by Marks Baughan Securities, PWC and Skadden, Arps, Slate, Meagher & Flom. Financial details of the transaction were not disclosed.

About Castik

Castik Capital S.à.r.l (“Castik Capital”) manages investments in private equity. Castik Capital is a European multi-strategy investment manager, acquiring significant ownership positions in European private and public companies, where long-term value can be generated through active partnerships with management teams.

Castik has an investment horizon of up to ten years – longer than most other private equity funds. This enables Castik to focus resources on its portfolio companies and ensure sustainable, long-term value creation.

Founded in 2014, Castik Capital is based in Luxembourg and focuses on identifying and developing investment opportunities across Europe. Investments are made by the Luxembourg-based fund, EPIC I SLP, the first fund managed by Castik, which had its final close at EUR 1.0bn in August 2015.

About Delegate IP

Delegate is a fast-growing administrative support service provider with a very strong capability and reputation in services for EP validations and foreign filings, and a growing presence in IP renewals services and IP recordals. It was formed in 2015 through the merger of Valipat, the Brussels-based leading provider of EP validation and filing services, and Envoy, the Glasgow-based fast-growing IP renewals services provider. With offices in Europe and the U.S., it serves 700+ IP law firms and corporate IP departments with in-house attorneys through an agent network of 170+ leading law firms, covering all jurisdictions of the worldwide IP markets. The company is led by CEO Patrice Durand, who has been involved in Valipat since its foundation as part of IP law firm Gevers Group and subsequent spin-off.

More information can be found at https://www.delegateip.com

About ipan Group

ipan Group, headquartered in Munich, is a rapidly-growing provider of intellectual property management services and software. With offices throughout Europe and the US, and long-standing partnerships with 100+ leading IP law firms, it offers highly transparent, efficient and flexible patent annuity, trademark renewal and European Patent (EP) validation services, as well as extended services such as IP recordals. Ipan Group’s software offering comprises the leading intellectual property management software solutions Unycom, IPfolio and IPSS, which enable both corporate IP departments and IP law firms to efficiently manage their IP portfolios along the entire lifecycle. Through the recent launch of ip-x-change, ipan Group has created an open platform connecting services and software to offer a single point of contact for all IP services to its 450+ clients. Founded in 2004 by Anton Bory, ipan Group is led since February 2018 by CEO Jens Lütcke.

More information can be found at https://www.ipan-services.com

Media contact:

Marina Jané Sánchez
CNC
+44 20 3219 8811
Marina.jane-sanchezcnc-communicationscom

"Alpega benefits from Castik’s strategy of buying and aggregating founder-led companies along with a longer, flexible holding period, allowing for greater value creation than most other Private Equity firms."

AlpegaCEO

"The last five years of partnership with Castik have been by far the most satisfying, exciting and rewarding period of Waterlogic’s 27 years in business. The long-term strategic thinking, willingness to invest in our vision and provision of outstanding human and financial resources has enabled the business to grow more than four-fold and become a global leader."

WaterlogicCEO

"Having the right partner has always been essential to our success. And we have been very fortunate to find the Castik team for their long-term financial support, their outstanding added value to our growth strategy as well as their personal and human qualities. And we are very happy to share our success with them as this is even more rewarding.

AcrotecCEO

"As founders, we chose to partner with Castik because of their proven long-term approach and entrepreneurial mindset."

AllDentCEO

“Castik has proven to be a very strong partner from the outset. They shared our vision for a transformational combination initially, were able to understand and make it happen quickly, and then provided us with a team of hands-on people that provided the support you need in a fast-paced integration program. With the merger of ipan Delegate Group and CPA, we are now entering the next and even bigger chapter in this exciting journey, and I look forward to continuing this journey together.”

CPA GlobalChairman

"Alpega benefits from Castik’s strategy of buying and aggregating founder-led companies along with a longer, flexible holding period, allowing for greater value creation than most other Private Equity firms."

AlpegaCEO

"The last five years of partnership with Castik have been by far the most satisfying, exciting and rewarding period of Waterlogic’s 27 years in business. The long-term strategic thinking, willingness to invest in our vision and provision of outstanding human and financial resources has enabled the business to grow more than four-fold and become a global leader."

WaterlogicCEO

"Having the right partner has always been essential to our success. And we have been very fortunate to find the Castik team for their long-term financial support, their outstanding added value to our growth strategy as well as their personal and human qualities. And we are very happy to share our success with them as this is even more rewarding.

AcrotecCEO

"As founders, we chose to partner with Castik because of their proven long-term approach and entrepreneurial mindset."

AllDentCEO

“Castik has proven to be a very strong partner from the outset. They shared our vision for a transformational combination initially, were able to understand and make it happen quickly, and then provided us with a team of hands-on people that provided the support you need in a fast-paced integration program. With the merger of ipan Delegate Group and CPA, we are now entering the next and even bigger chapter in this exciting journey, and I look forward to continuing this journey together.”

CPA GlobalChairman
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