News from the Wire

Hampleton Partners Advises FAST LTA on acquisition by Afinum

Monday, December 09, 2019 — 14:37:49 (EST)

Munich, Germany and London, UK – 9 December 2019. Hampleton Partners, the international M&A and corporate finance advisory firm for technology companies, has advised FAST LTA AG, leading provider of zero-loss archiving and backup solutions for mission-critical data, on its acquisition by Afinum Management GmbH, a leading investor with a 20-year track record of successfully investing in Germany SMEs.

FAST LTA has built a strong position in the German market, particularly in the healthcare, public sector and industrial verticals, helping clients to comply with increasingly stringent regulatory data storage requirements in a secure and cost-effective manner. The team at FAST LTA is excited to partner with Afinum to further develop their product offering, continue their growth trajectory and enlarge their footprint both in Germany and abroad.

Steffi Körner, CEO of FAST LTA, said: “We selected Hampleton because of their strong track record, experience and breadth of relationships in the information management and enterprise software sectors which proved highly valuable to our transaction process.”

Miro Parizek, Founding Partner at Hampleton said: “Hampleton is pleased to have advised on the sale of FAST LTA to private equity investor AFINUM. The transaction enables FAST LTA, already a leader in the information management and storage sector in German-speaking Europe, to focus and investment in its disk-based alternatives to tape storage and gives the company potential to drive future returns for shareholders.”

“We are convinced that FAST LTA will continue to flourish and reveal its full potential under AFINIUM’s ownership.”

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Source: Company press release.