We advise BlackFin Capital Partners on its investment in Hypatos

Transaction background

The Berlin-based deep learning company Hypatos announced the closing of a EUR 10 million financing round. The round was led by BlackFin Capital Partners, UVC Partners and Grazia Equity, with further investments coming from Plug & Play Ventures as well as existing investors.

Hypatos is an AI company that specializes on automating high-volume document-based back-office processes with its proprietary deep learning technology. Hypatos was founded in 2018 as a technology spin-out of A/P automation and workflow company SMACC GmbH. Based in Berlin and Potsdam, Germany, and Warsaw, Poland Hypatos employs a team of 40 international staff and serves enterprise clients and software companies from Europe, North America, Asia, and the Middle East.

We make the difference

Warth & Klein Grant Thornton provided integrated Transaction Advisory Services to BlackFin Capital Partners. In our due diligence work, we focused on the assessment of risks inherent to the company and its business model as well as on sustainability of revenue streams and the tax position of the target. Moreover, we paid special attention to the development of the commercial and financial KPIs.

“Grant Thornton's corporate finance team made a significant contribution to the successful completion of the investment for BlackFin Capital Partners. Their fast reactivity, efficient approach and on point analysis during the financial due diligence convinced us. We appreciate the high level of commitment and professional advice we have received and look forward to work with Grant Thornton again on future projects.” (Maxime Mandin, Investment Director, BlackFin Capital Partners)

About BlackFin Capital Partners

BlackFin Capital Partners is a fully independent private equity and venture capital firm focused on financial services in Europe, spread across 3 offices in Paris, Brussels, and Frankfurt. BlackFin manages 3 buyout funds and 1 venture fund (BlackFin Tech) for a total of €1.8bn under management. Since its final closing in 2018, BlackFin Tech invested in 12 of the fastest growing European fin- and insurtech companies including e.g. Friss (insurance fraud detection software), Ravelin (payment fraud detection software), Descartes Underwriting (parametric insurance), Agicap (cashflow management tools for SMEs) and Likvido (invoice to cash software solution for SMEs).

Team

Hanno Hepke
Partner, Advisory, Head of TMT
T +49 40 43218 6235
E hanno.hepke@wkgt.com

Dennis Burfeind
Manager – Advisory
T +49 40 43218 6227
E dennis.burfeind@wkgt.com

Konstantin Brehm
Senior Consultant – Advisory
T +49 40 43218 6268
E konstantin.brehm@wkgt.com