Mountain Partners continues to grow; acquisition of DEMEKON
As part of its global growth strategy, Mountain Partners has acquired the Munich-based company builder DEMEKON Holding AG, which focuses on the digital transformation of traditional business models. In the course of the acquisition, Fidor Bank AG, a major shareholder of DEMEKON Holding GmbH, will now become an institutional shareholder of Mountain Partners.
Against the backdrop of the ongoing digital revolution, DEMEKON Holding GmbH has successfully developed and grown various online business models. The company has a ten-year track record and a diversified investment portfolio. DEMEKON employs ten experienced investment and operations professionals who specialize in the founding and optimizing of young companies.
Dr. Cornelius Boersch, Executive Chairman and Founder of Mountain Partners: “DEMEKON represents a unique opportunity to strengthen Mountain Partners’ core in Europe while at the same time complementing our goal of becoming the leading global Company Builder with focus on disruptive digital and technology companies.”
With the acquisition, Mountain Partners takes over all portfolio companies of DEMEKON Holding GmbH: DEMEKON Entertainment AG, a consulting company focused on online business models; the music streamripping platform Musicmonster GmbH; Aufs Haus GmbH, which offers a dynamic social media marketing tool to increase interaction between the beverage industry, restaurants and customers; Fidema Services GmbH a receivables-management company; Shotnote GmbH, a messaging and location tool; and, Media Web und Ortung UG, which offers mobile tracking technology.
Now operating under the name “Mountain Demekon”, the company will continue to be managed by Dr. Felix Hötzinger, a Co-founder of DEMEKON Holding GmbH. “Mountain Partners is an ideal partner and I am looking forward to this great opportunity. I see many synergies and fantastic development potential in joining forces”, states Dr. Hötzinger.