Unigestion Private Equity, an asset manager specializing in investing in mid-market leaders, has announced the sale of its stake in Tecvia to Harris Computer, a global provider of mission-critical software solutions and part of Constellation Software.
The deal marks a significant exit for Unigestion Private Equity, generating a 4.5x gross return and an internal rate of return (IRR) of approximately 80%, underscoring the success of its thematic investment strategy focused on scalable, high-impact software companies.
Based in Munich, Germany, Tecvia has established itself as one of Europe’s leading providers of digital content and software solutions for driver’s license education and commercial driver training. The company’s integrated platform serves as a one-stop digital ecosystem for driving schools and institutions, offering solutions that span the full value chain—from enterprise resource planning (ERP) systems and third-party integrations to advanced digital teaching tools and learning media for all license categories. Tecvia’s technology fully digitizes the theoretical and practical learning process for students while streamlining operations for educators.
Unigestion Private Equity first invested in Tecvia in 2023 through its direct investment programs, including Unigestion Direct III. The firm was drawn to Tecvia’s dominant market position, innovative digital approach, and positive societal impact in modernizing driver education. During Unigestion’s ownership, Tecvia achieved substantial growth in both sales and EBITDA, strengthening its leadership in the European driver training software sector.
The acquisition by Harris Computer aligns with the company’s global expansion strategy in specialized software markets. Harris, which builds and manages industry-specific software businesses across the public sector, healthcare, utilities, private enterprise, and insurance, intends to maintain Tecvia’s existing operations, leadership team, and strategic focus. The acquisition also marks Harris’s entry into a new vertical within Europe, further broadening its footprint and capabilities.
The deal remains subject to customary closing conditions and regulatory approvals. Unigestion’s deal team was led by Philipp Scheier, Partner and Head of Direct Private Equity DACH, alongside Panagiotis Tsimpoukakis, Analyst.
KEY QUOTES:
“It has been a privilege to partner with Tecvia and its management team. The CEO, Peter Lehnert, and his strong team have been critical to the company’s success. Delivering such a strong exit in today’s difficult exit environment highlights the effectiveness of our investment strategy of backing market leaders in sectors with theme-driven growth. We would like to thank all of Tecvia’s employees for their dedication and motivation and we wish them continued success in their journey with Harris Computer.”
— Philipp Scheier, Partner, Unigestion Private Equity
“We are looking forward to working with Harris Computer. For us, Harris Computer stands for continuity for our business and for support of our expansion efforts. We are thankful for having found the best new ownership constellation and for the strong support from Philipp Scheier during Unigestion Private Equity’s ownership.”
— Peter Lehnert, CEO, Tecvia
“With Tecvia, we are entering an exciting new vertical for Harris and at the same time increasing our footprint in our core European geographies. Tecvia’s end-to-end solutions, deep customer relationships, continued value creation for customers and market-leading position perfectly embody the kind of sustainable, specialised expertise Harris looks for. We are delighted to welcome Tecvia’s talented team and look forward to supporting their continued growth.”
— Guido Moritz, Portfolio Leader, Harris International
