Sage Group plc. has sold 100% of the shares of syska GmbH in the course of an MBO to the Management team

Sage Group plc. has sold its German subsidiary syska Gesellschaft für betriebliche Datenverarbeitung mbH (syska) to the management team in the course of an MBO. The new owners, Angelika Benes and Pavel Benes, both long-term managing partner and founder of syska, will continue to lead the company. Financial details have not been disclosed.

syska is a specialist developer of accounting software and supplies clients with server and desktop components. The company's solutions include bookkeeping, cost accounting and fixed asset accounting, according to German, Austrian and Swiss law. Syska's products and services are focused on small and medium-sized enterprises and are GoBD certified.

The management team consists of Angelika Benes and one of the founders, Pavel Benes. Both of them have been in the company for more than 20 years.

Sage is the market and technology leader for integrated accounting, payroll and payment systems, supporting the needs of entrepreneurs and business builders. Sage helps drive today’s entrepreneurs with the most intelligent and flexible cloud-enabled software, support and advice to manage everything from money to people. More than 13,000 Sage colleagues in 23 countries work daily with a thriving global community of over three million entrepreneurs, business owners, tradespeople, accountants, partners and developers to champion the success of business builders everywhere. The group is listed on the FTSE 100 and supports local communities through the Sage Foundation.

Oaklins' team in Germany acted as the exclusive advisor to the seller in this transaction.