Funds advised by Castik Capital have acquired a majority stake in inet, Austria, from the international transportation and logistics company Gebrüder Weiss, who, together with founder Oswald Werle, remain a shareholder of inet. The parties have agreed to keep financial details of the transaction confidential.
inet is a rapidly growing software-as-a-service provider of transportation management systems (TMS) for complex, global transportation networks. The inet TMS connects all participants in the supply chain with its web-based platform – across modes, in real time and for in- and outbound transportation flows. This optimisation of the supply chain leads to tangible transportation cost savings for its customers. inet is a long-standing member of Gartner’s TMS Magic Quadrant. The company, which was founded in 1999, is led by its founder and CEO Oswald Werle.
Castik Capital finds this opportunity exciting due to the strong growth profile of the company and the high quality of its products. Further attractions comprise the recurring nature of its revenues and the attractive growth of the market. Castik is highly committed to support further growth of inet in collaboration with Gebrüder Weiss and the existing management team.
About Castik Capital
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 Capital has an investment horizon of up to ten years – longer than most other private equity funds. This enables Castik Capital 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 Capital, which had its final close at EUR 1bn in July 2015.