MAIN CAPITAL PARTNERS takes majority stake in RAYNET

Main Capital Partners acquired a majority stake in Raynet from private equity firm Pinova in a transaction announced on 15 October 2026. Founder and chief executive Ragip Aydin and key operational managers retained significant minority equity stakes, reinvesting alongside the buyer to maintain executive management responsibilities and technical development programs. Raynet reported revenue of €10–30M and an EBITDA of €5–25M. At the time of the transaction, Raynet employed 170 staff across its main operating centre in North Rhine-Westphalia and branch locations in Europe and North America. Pinova had acquired its ownership interest in 2020 through a growth investment, overseeing corporate restructuring, management board enhancements, and platform engineering for unified asset visibility solutions. The agreement marked a complete divestment for Pinova while providing institutional expansion equity to Raynet. The capital injection targeted cross-border direct sales expansion in the DACH territory, enhanced software development for automated packaging tools, and targeted add-on acquisitions in endpoint cybersecurity and enterprise IT administration software. Lincoln International acted as exclusive financial advisor to the shareholders of Raynet. The transaction completed following bilateral corporate approvals and the formal execution of definitive transfer agreements between the institutional sponsors and founding management.