mynth
09/2026100%LBO

Qbees acquired by Main Capital Partners

GERMANY IT Services / Infrastructure & Cloud / MSP (Managed Services) REV 1m EUR - 100m EUR

Context

Main Capital Partners announced the acquisition of qbees, a German provider of mission-critical managed IT services and software solutions for the financial services industry. The transaction was announced in September 2026. Main described the deal as an entry into a highly attractive and fast-growing market characterized by strong structural growth drivers, attractive recurring revenue dynamics and increasing demand for the outsourced operation of regulated and business-critical IT environments. The firm also noted that the acquisition represented its second in Germany during the year. For qbees, the partnership was intended to fund investment in its team and the further development of its service offering while preserving the culture that management credited with building the business. Main pointed to its extensive experience in scaling software and IT services businesses as a basis for supporting the company's next phase of growth alongside the management team. qbees was founded in 2020 and was headquartered in Ohlstadt, Germany, operating in the German market. It combined managed application and infrastructure services with software development and technology consulting, and offered proprietary software solutions alongside its managed offering. Its client base consisted of banks, exchanges, FinTechs and other regulated organizations that depended on compliant, resilient IT operations for business-critical processes. The company's deep domain expertise, long-standing customer relationships and strong position in highly regulated financial environments provided a foundation for further growth, and its growth strategy was to focus on organic expansion, further development of its high-quality solutions and a targeted international buy-and-build approach. McDermott Will & Schulte acted as legal advisor to Main Capital Partners.

Qbees, which reported an EBITDA margin of [members only] in 2026, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.6x in 2026).

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Ent. Value

[members only]

Equity Value

[members only]

Multiples

EV / Revenue

[members only]

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2026
€1–100M
[members only]
[members only]
2025
€1–100M
[members only]
[members only]

Other operations with Main Capital Partners

Other operations with Main Capital Partners
DateAcquirerTargetCountrySector
10/2026MAIN CAPITAL PARTNERSRAYNETGERMANYERP, HR & Finance
09/2026MAIN CAPITAL PARTNERSTRIBAL GROUPUNITED KINGDOMIndustry-Specific Software
09/2026MAIN CAPITAL PARTNERSCONFIRMA SOFTWARESWEDENERP, HR & Finance
03/2026MAIN CAPITAL PARTNERSGINGCO SYSTEMSGERMANYCollaboration & Productivity

Similar deals in IT Services

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09/2026ITC FEDERALAPRIVA ISSUNITED STATESCybersecurity Services
09/2026SAMSUNG ELECTRONICS / EQT PARTNERS / PSG EQUITYMISTRAL AIFRANCEData & AI Consulting
09/2026ITC FEDERALCAPGEMINI GOVERNMENT SOLUTIONSUNITED STATESConsulting & Integration
08/2026COLLANA GROUPNETWISEPOLANDConsulting & Integration
07/2026CREDIT MUTUEL EQUITYNETCLOUDSWITZERLANDMSP (Managed Services)
06/2026DRAGOSPHOSPHORUSUNITED STATESCybersecurity Services
06/2026INVESTCORPMETRAUNITED ARAB EMIRATESIT Distribution & Channel

REFERENCES

Revenue range: REV 1m EUR - 100m EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Qbees by Main Capital Partners are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: qbees

Acquirer: main capital partners

FAQ

What transaction does this page cover?

This page covers Main Capital Partners’s acquisition of 100% of Qbees, a German company specialised in Infrastructure & Cloud, in 2026, structured as a leveraged buyout (LBO).

How does the valuation of Qbees compare to benchmarks in the TMT (Tech, Media, Telecom) sector?

Transaction multiples for this specific deal are exclusively reserved for mynth members. Nevertheless, transactions tracked by mynth in this sector reveal an average benchmark multiple of 14.6x EBITDA during 2026.

What sources support the information on this transaction?

The details of this transaction are sourced directly from the official corporate announcement published on the parties’ institutional website, ensuring primary-source verification of the closing and perimeter.

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