2 minute read | January.11.2024
European B2B software venture capital and growth equity firm Fortino Capital has sold its stake in Munich-based software provider Symbioworld GmbH to Celonis, a global leader in process mining.
Orrick advised Fortino Capital.
Fortino Capital initially invested in Symbio in December 2022, as the company had shown strong proof of organic growth. Following the investment, Fortino supported the Symbio management on further professionalization of the company and leveraging its growth potential.
Fortino Capital is a European investment company with a focus on high-growth B2B software solutions managing two private equity growth funds and two venture capital funds. With offices in Belgium, the Netherlands and Germany, Fortino Capital backs exceptional and ambitious entrepreneurs in Europe.
Symbio is an innovation leader in enterprise business process and quality management software, which enables their customers to model, optimize and control their daily business processes. The high-growth software company was founded in 2005 and is headquartered in Aschheim, near Munich.
Celonis is a global market leader in process mining with headquarters in Munich and New York and more than 20 offices worldwide. Its Process Intelligence platform uses industry-leading process mining technology and AI to present companies with a living digital twin of their end-to-end processes.
Christoph Brenner led the Orrick team advising Fortino Capital. The team also included Stefan Riedl, Adrian Dengler, Lina Alami, Stefan Schultes-Schnitzlein, Carsten Engelings, Robert Weinhold and Marianna Karapetyan.