Sell-Side Software Company

About our client

AF Software GmbH successfully positioned itself early on as a highly specialized software company. With its winra software for in-house counsel, the company was market leader in Germany.

About the project

The company’s positioning as a niche provider was very successful, but the ever shorter development cycles for software made an amortization increasingly difficult. By selling the company, the generational succession was to be completed and the company was to be well positioned for the future.


  • M&A advisory sell-side – share-deal
  • Company valuation and purchase price model
  • Negotiations and support for due diligence


AF Software GmbH had already been in contact with Wolters Kluwer, the largest provider of software-supported workflows and legal content in the legal environment, for many years. With the integration of winra into their portfolio, the foundation for a new division at Wolters Kluwer was set.

We had already found the right buyer, but we did not make any progress with the company valuation and the purchase price model. EURCON was recommended to us by our lawyer and with their help and negotiation skills we got a great solution.

Matthias Fischer, former Managing Partner AF Software GmbH
Axel Schulz
+49 431 – 64 775 30