Omnetic, member of EAG Group, has raised growth capital from Kartesia and CVI
EAG Group has completed a first investment round for its Omnetic platform. The company was seeking growth capital of up to US$110 million in order to consolidate the CEE markets and finance its expansion to new geographies. The transaction was closed with Kartesia, the European specialist provider of capital solutions for small- and mid-sized companies, in partnership with CVI, a private debt investor based in Warsaw, Poland.
Part of the EAG Group, Omnetic is a developer of software solutions and provider of IT and data services for the automotive market integration sector, active in several European countries. Omnetic is a CEE market leader with approximately 80% market share in the Czech Republic, 65% in Slovakia and 50% in Poland. The company also covers Germany, France, Italy, Austria, Benelux, Greece and Romania. Omnetic’s strength is to integrate the knowledge of the operating needs of the vehicle dealer and workshop industry directly into its software and services with its dedicated programming team, hence making business processes more efficient and improving their quality. Its client base comprises a diversified set of customers in the Central European region, including authorized dealerships, banks, insurance companies, leasing providers and repair shops. Omnetic is recommended by 34 different vehicle brands and certified by 29 automotive brands, such as Volkswagen, Mazda, Toyota, Hyundai and Ford.
Omnetic has a strong strategy with expected growth of 30% y-o-y in the next five years due to economies of scale of the existing software solutions, fostering IT and acquisitions. Omnetic had revenues of US$23.5 million and an EBITDA of US$8 million in 2023 and plans +24% and +12% growth in revenues and EBITDA respectively.
Oaklins’ team in the Czech Republic acted as the exclusive financial advisor to EAG Group in the historically first investment round for its Omnetic platform. We approached a long list of both private equity investors and mezzanine providers from all over the globe, with strong focus on Europe. The opportunity was very well received by the investment community, and we managed to collect almost twenty indicative offers from international investors. Thanks to a very competitive environment, we managed to negotiate favorable transaction terms and successfully closed the deal with a consortium of Kartesia and CVI who offered the most flexible capital solution for the client. Oaklins’ team in Poland introduced CVI.
Jakub Šulta
CEO and co-founder, EAG Group
Contacter l'équipe de la transaction
Ondřej Berka
Oaklins WOOD & Co.
Maciej Szalaj
Oaklins Poland CF
Oliver Polyák
Oaklins WOOD & Co.
Petra Hyršlová
Oaklins WOOD & Co.
Transactions connexes
Bayer AG has entered into a takeover agreement with Cara Care
Bayer AG, renowned for its advancements in healthcare and life sciences, has finalized the acquisition of Cara Care (HiDoc Technologies GmbH), which entered debtor-in-possession proceedings in October 2024. Cara Care, an innovative digital health platform and official DiGA, aligns perfectly with Bayer’s strategic focus on digital health and the expansion of its innovative solutions portfolio. The transaction is expected to close in Spring 2025.
En apprendre plusA majority share in WELP Group has been sold to IMC Individual Mobility Capital GmbH
The former private majority shareholder and long-time managing director of WELP Holding GmbH, Nina Welp, has sold the majority of her shares to IMC Individual Mobility Capital GmbH.
En apprendre plusGrupo Veta 2017 S.L. has been acquired by MSA Mizar
The Franco-Belgian fund Kartesia has sold Grupo Veta 2017 S.L. to the Italian group MSA Mizar. Kartesia, the main shareholder of Veta+ together with its founding partner, has sold 100% of the capital. For MSA Mizar, this transaction represents the consolidation of its presence in Spain, the entry into the multi-risk claims management market and the opportunity to apply Veta+’s expertise to other European markets.
En apprendre plus