A fund advised by Maxburg Capital Partners has acquired a majority stake in TENADO GmbH from the founders as part of a succession arrangement.
TENADO specializes in the development of computer-aided design (CAD) software for both 2D and 3D technical drawings. Founded in 1987, the company today employs over 60 employees at its headquarters in Bochum, Germany. It successfully employs an in-house sales force to target professionals from different fields such as mechanical engineering, fire protection planning, traffic planning, metal construction and carpentry across the German-speaking region. TENADO has grown substantially by offering its customers a variety of different CAD software programs with highly sector-specific and easy-to-use drawing tools and functions at affordable prices.
Maxburg Capital Partners is an investment management company focusing on the German-speaking markets. The funds advised by Maxburg Capital Partners concentrate on long-term investments in profitable, medium-sized companies with the goal of enduring and sustainable value appreciation.