FLEX Capital acquires majority stake in Nitrado (marbis GmbH)

Karlsruhe/Berlin, February 04, 2021

FLEX Capital acquires majority stake in Nitrado (marbis GmbH)

Karlsruhe & Reno (Nevada, USA)
Game hosting and server software
>20 million Euros
Transaction type
CMS Hasche Sigle, GCA Altium AG, Shearman & Sterling LLP
We are thrilled to welcome an attractive addition to the FLEX portfolio: Nitrado, a globally leading provider of game hosting and server software. Nitrado was founded in 2001 by Marco Balle and Marcel Bößendörfer in Karlsruhe. With over 70 employees, the company operates eight data centers on four continents, reaching customers in over 100 countries. In addition to operating hosting infrastructure for multiplayer games, Nitrado develops software applications for server control, monitoring, and security. Together with FLEX Capital, Nitrado plans to further expand its global presence and strengthen its B2B software platform.
  • “The radiance of the Nitrado brand within the gaming community, the innovative software solutions, coupled with the entrepreneurial achievement of developing into a global tech champion on its own, have impressed us from the very beginning. This company’s DNA aligns perfectly with FLEX. Together with the management, we aim to consistently continue this growth trajectory.” Peter Waleczek, Managing Partner at FLEX Capital
  • “Nitrado operates in a highly exciting market. Gaming, in terms of revenue, surpasses the entire film and music industry. The gaming market continues to grow significantly, especially in the console and mobile sectors. Nitrado is excellently positioned for further geographic expansion in these areas. Furthermore, Nitrado has developed numerous software solutions, particularly in the field of cybersecurity and Distributed-Denial-of-Service (DDoS) protection. For instance, the number and duration of DDoS attacks have been steadily increasing in recent years. In response to this, Nitrado has developed SteelShield, a compelling product that holds relevance for various industries and use cases.” Christoph Jost, Managing Partner at FLEX Capital
  • “We are excited to have gained a strong partner in FLEX Capital, who can provide us with diverse entrepreneurial experiences. Over the past years, we have established a solid foundation upon which we can now build together. I am convinced that FLEX’s expertise in the online and software segments will be a crucial component on this journey for us.” Marcel Bößendörfer, CEO at Nitrado

About FLEX Capital

FLEX Capital is a private equity fund founded by successful serial entrepreneurs that invests in profitable and growing companies from the German Internet and software midmarket. Announced in early 2023, the second fund of €300 million includes a commercial structure for the first time, enabling FLEX Capital to provide operational support to portfolio companies with a purpose-built 30-person team of experts, differentiating the investor from many other private equity funds. Currently, the FLEX portfolio comprises seven business platforms. For more information, visit www.flex.capital.

The brand power of Nitrado in the gaming community, its innovative software solutions, combined with the entrepreneurial achievement of developing into a global tech champion on its own, have impressed us from the very beginning.
Peter Waleczek
Managing Partner of FLEX Capital

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