atares

What atares does

atares is a Munich-headquartered digital M&A boutique that advises technology-driven midcap companies on sell-side, buy-side and financing transactions in the EUR 10-250 million range. Founded in 2001 under the name Proventis Partners GmbH and rebranded to atares GmbH in November 2023, the firm operates with a team of approximately 20-21 M&A advisors, including Managing Partners Jan Pörschmann and Rainer Wieser, and has advised on more than 200 technology transactions over its 20+ year history. The firm maintains a curated network of 4,000 registered private equity funds and 30,000+ corporate finance professionals across Europe, North America, South America and Asia, and is a member of the Global Tech Mergers alliance for cross-border tech M&A.

The firm's core product offering is exclusive M&A advisory rather than licensed software. Internally, it operates the 'atares deal floor' - a proprietary cloud-based platform for managing deal processes, leads, documents and content shared with clients during transactions - alongside an evolving 'atares incubator' ecosystem of internally developed digital tools supporting deal preparation and execution. Sector specialisation spans eight tech verticals: Supply Chain Tech, MarTech, TravelTech, HRTech, PropTech, EnergyTech, HealthTech and FinTech. Customers include founder-led, owner-managed technology companies, private equity funds and corporate acquirers; recent mandates include Trivium eSolutions, Enwendo GmbH, FLEXiCODE GmbH, ARBOR Gruppe, DC-Software, H&H Datenverarbeitung, mobileX AG, MECOMO AG and German RepRap.

The business model is performance-based professional services: atares earns fees only on successful transaction closings, in addition to typical advisory retainers. Distribution is direct and relationship-led, with origination driven by partner networks, the TechSpheres newsletter, LinkedIn presence, and industry events such as 'M&A club nights'. The firm is privately held by its managing partners with no disclosed outside capital, no parent company, no subsidiaries, and no public revenue disclosure. Two offices operate in Germany (Munich headquarters on Prinz-Ludwig-Straße and a secondary Düsseldorf office).

Name

atares

Legal name

atares GmbH

Website

https://atares.team

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

11–50 employees

Short description

atares is a Munich-headquartered digital M&A boutique that exclusively advises technology-driven midcap companies in the DACH region on sell-side, buy-side, and financing transactions between EUR 10 and 250 million, using a team of roughly 20 advisors and a proprietary cloud-based deal management platform.

Ownership category

akta.pro rank

Product category

M&A Advisory Services

NAICS

Management Consulting Services (54161)

SIC

Services-Management Consulting Services (8742)

akta.pro primary industry

Enterprise Architecture & IT Operating Model (BPAHAEAB)

Keywords

• M&A advisory services
• Technology mergers acquisitions
• Sell-side advisory
• Buy-side advisory
• Transaction advisory

Headquarters

HQ city

Munich

HQ country

Germany

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. M&A Advisory Fees: atares acts as exclusive M&A advisor, earning fees for transaction advisory services. Revenue is earned on a performance basis — the firm states it 'only earns money if the transaction is successful. Otherwise we don't.' This indicates a success-fee or retainer-plus-success-fee model typical of boutique M&A advisory.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

atares is a digital M&A boutique providing exclusive M&A advisory to technology-driven midcap companies, primarily in the DACH region, with a transaction focus between EUR 10 and 250 million. The firm manages end-to-end transaction processes including strategic preparation, investor identification, due diligence coordination, deal structuring, negotiation, and closing, supported by a proprietary cloud-based digital infrastructure (the atares deal floor) and an ecosystem of internally developed deal tools (atares incubator).

Product overview

atares is a digital M&A boutique offering advisory and consulting services to technology-driven mid-cap companies in Germany, specializing in transaction sizes between EUR 10 and 250 million. The firm combines experienced M&A advisors with a proprietary digital infrastructure (the atares deal floor) to manage deal processes, cloud-based document storage, and transaction workflows. Key offerings include M&A advisory (buy-side and sell-side), deal structuring, due diligence coordination, and investor identification. The firm also produces proprietary market research and insights (TechSpheres newsletter) for clients. atares operates as a full-service advisory firm without distinct standalone software products sold separately to clients.

Differentiator

Problem solved

Functional benefit

Products and services

• Sell-Side M&A Advisory
• Buy-Side M&A Advisory
• Financing & Growth Capital Advisory
• Cross-Border M&A Advisory via Global Tech Mergers Alliance

Quantifiable outcome

• Over 200 technology transactions advised in over 20 years of M&A operations
• +1 more outcomes

Named customers9 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• Global Tech MergerscoreStrategic or Co-development Partner · 29 June 2026atares is a member of the Global Tech Mergers (GTM) alliance — an international network of tech-focused M&A boutiques offering global reach with local execution. The GTM Group enables cross-border tech M&A with the reach of a top-tier platform and agility of a specialized boutique. Pascal Kopp, Head of Origination & Business Development at atares, represents the firm within the GTM Group.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Clipperton: Paris-based independent M&A advisory boutique specializing in technology and digital companies across Europe. Closest comparable by virtue of tech-only focus, boutique size, and DACH-adjacent European footprint; competes directly for cross-border tech mandates.
• Hampleton Partners: International tech-focused M&A advisory boutique with offices in London, Munich, and San Francisco. Direct peer with comparable sector specialization, boutique structure, and European tech-M&A focus including DACH deals.
• M&A International: Global alliance of independent M&A advisory firms with mid-market focus and strong European footprint. Comparable for cross-border mid-market tech mandates via the alliance model that resembles atares's GTM affiliation.
• GP Bullhound: London-headquartered tech-focused M&A and investment advisory with strong European presence and US reach. Directly comparable as a sector-specialist tech M&A boutique competing for the same EUR 50–500M European tech transactions.
• Silverpeak: Technology and digital media M&A advisory boutique with strong European coverage and US presence. Directly comparable for sell-side tech mandates in the same deal-size range atares targets.
• IMAP: Global mid-market M&A advisory network with deep European coverage and a tech vertical. Comparable as a relationship-based mid-market advisory competing for cross-border tech sell-side mandates in the EUR 50–500M band.
• Drake Star (formerly Drake Star Partners): Global tech-focused M&A advisory with strong European (London, Paris, Munich) and US coverage. Direct peer for technology-only mid-market M&A mandates in the EUR 10–500M range.

Broad incumbents

• PwC Corporate Finance / Strategy&: Big Four advisory that runs a sizable European mid-market M&A practice. Competes for tech sell-side and buy-side mandates in the EUR 100M+ segment with the brand, balance-sheet, and global network that atares cannot match at scale.

Regional players

• Rütten & Partner: Munich-based independent M&A advisory focused on German mid-market transactions. Comparable as a regional boutique competing for DACH owner-managed tech and tech-enabled MidCap sell-side mandates in atares's EUR 10–250M range.
• Berkman Bottger: Frankfurt-based independent M&A advisory with strong DACH mid-market focus. Comparable regional boutique competing for German owner-managed MidCap sell-side mandates, particularly in tech-enabled business services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/atares-team
• Instagraminstagram.com/atares.team

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about atares