Reference transaction
Advisor to EnBW and other shareholders on the sale of FoxInsights to Banyan software

It was a great pleasure for us to successfully support Munich-based FoxInsights and its shareholder EnBW Energie Baden-Württemberg AG as M&A advisor in the sale to Canada-based Banyan Software.
FoxInsights, European market leader in the field of Remote Tank Monitoring (RTM), can take the next big step in its company history: The sale to a leading international specialist for investments in successful tech companies expands FoxInsights' opportunities to develop international markets in North America and Asia, among others.
From Europe to the world: FoxInsights' vision
Til Landwehrmann, founder of FoxInsights, is excited by the opportunity to realise the company’s global ambition: “Since our founding seven years ago, we have worked consistently to shape and lead the remote tank monitoring market in Europe,” said “With Banyan Software as a long-term partner, we can realise our vision of a global presence, open new markets, and strengthen our leadership position.”
EnBW: Building a European champion
Founded in 2017 within the innovation hub of EnBW, FoxInsights has grown into a leading provider of digital IoT solutions. “FoxInsights exemplifies our commitment to fostering sustainable technologies and building innovative companies,” said Jürgen Stein, Chief Innovation Officer at EnBW. “We are confident that under Banyan Software’s leadership, FoxInsights will continue its success story on an international scale.”

About Banyan Software, Inc.
Banyan Software provides the best permanent home for successful enterprise software companies, their employees, and customers. Banyan’s mission is to acquire, build, and grow great enterprise software businesses all over the world with dominant positions in niche verticals. Founded in 2016, the company follows a buy-and-hold-for-life strategy and is set up with a permanent capital base to preserve the legacy of founders. As a purpose-driven company, Banyan is committed to making an enduring, positive impact on the world. For more information, visit banyansoftware.com.
About EnBW Energie Baden-Württemberg AG
With over 29,000 employees, EnBW is one of the largest energy companies in Germany and Europe. It supplies around 5.5 million customers with electricity and gas. As part of its transformation from a traditional energy company to a sustainable infrastructure group, the expansion of renewable energy sources and of the distribution and transmission grids for electricity, gas and hydrogen are cornerstones of EnBW’s growth strategy and the focus of its investments. Until 2030, EnBW plans gross investments of €40 billion, around 90 percent of which will be invested in Germany. By then, around 80 percent of EnBW’s generation portfolio is to consist of renewable energies, and the company aims to phase out coal by the end of 2028. These are key milestones on the road to the company’s climate neutrality in 2035.
This process was led by Matthias Grau (Partner), supported by Fabian Probst (Vice President), Antonio Grassia (Vice President), Luis Wiech (Associate) and Maria Bauer (Analyst). Thanks also go to Mark Seewald for his support during the project.