Good Cause Capital S.A. acquired 72.9% stake in asknet Solutions AG from Two Partners Group LLC.

Asknet Solutions AG is a Germany-based Company engaged in the procurement, e-commerce and payment market. The Company offers software procurement and sales services for European academic institutions, students and alumni. It's business activities are divided into two business units: asknet academics and eCommerce Solutions. The asknet academics business unit provides a range of software solutions and services for the procurement, allocation and administration of software and hardware in research and academia. It's procurement portals are used by majority of German colleges and universities. The eCommerce Solutions business unit focuses on providing online shops worldwide for manufacturers of digital and physical products, subscription management and cloud services.