Unigestion Private Equity has agreed to sell its stake in Tecvia, a leading European provider of digital software for driver education, to Harris Computer, part of Constellation Software.

The transaction delivers a gross return of 4.5x and an internal rate of return (IRR) of approximately 80%.

Headquartered in Munich, Tecvia provides an integrated platform that digitises the full value chain of driving schools, from enterprise resource planning (ERP) systems and third-party interfaces to advanced teaching software and digital learning media. Its solutions are used across Europe to prepare students for theoretical and practical driving tests.

Unigestion invested in Tecvia in 2023 through its direct investment programmes, including Unigestion Direct III. The firm backed the business for its strong market position, innovative technology, and social relevance, helping it achieve substantial growth in both revenue and EBITDA.

“It has been a privilege to partner with Tecvia and its management team,” said Philipp Scheier, Partner at Unigestion Private Equity, who led the deal. “Delivering such a strong exit in today’s challenging environment underscores the effectiveness of our investment strategy of backing market leaders in theme-driven sectors.”

Harris Computer, which acquires and develops specialised software firms globally, said Tecvia aligns with its focus on sustainable, mission-critical technology. “With Tecvia, we are entering an exciting new vertical while deepening our footprint in core European markets,” said Guido Moritz, Portfolio Leader at Harris International.

The sale remains subject to regulatory approvals and customary closing conditions.

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