Hg takes over Serrala

Nothing is known about the exact shares, but the majority of Hamburg-based fintech Serrala now belongs to investor Hg. CEO Lindemann and investor Waterland remain minority shareholders.

The investor Hg is acquiring a majority stake in the Hamburg-based software company Serrala. As a result of the transaction, CEO Sven Lindemann and investor Waterland, who previously held half of the shares, will become minority shareholders but will remain with the company. The exact distribution of the shares is not known and the parties have agreed not to disclose the amount.

"Sven and his team have successfully expanded and internationalized the company in recent years through impressive organic growth and strategic acquisitions. We are delighted to continue on this path together," says Hg partner Stefan Margolis about the investment. The Hamburg-based company offers automated financial and payment processes, and Serrala's software can be integrated into any IT landscape. CEO Lindemann calls it "the CFO's digital office", is delighted with the new investor and is "proud to welcome Hg to the team for this new chapter in our success story."

Serrala currently employs 700 people and has offices in the USA, Asia, the Middle East and Europe. Waterland has been involved since 2016. There had already been speculation about Hg's participation beforehand, but according to information, it has so far failed due to different price expectations.

Previous investor Waterland looks back proudly on the joint successes: "During our time together, we were able to acquire five companies that have strategically expanded Serrala's geographical presence and software service portfolio," says Waterland partner Gregor Hengst.