Homburger, Clifford Chance and P+P Pöllath + Partners have advised DPE Deutsche Private Equity GmbH on the deal.
Funds managed by DPE Deutsche Private Equity Management III GmbH (“DPE”) have acquired a majority stake in BE-terna Group, a leading full service provider of enterprise resource planning (ERP) systems in Germany, Austria and Switzerland.
In addition, BE-terna also implements business intelligence, customer relationship management and human resource management systems for its customers. The cloud solutions segment offers further growth opportunities. Since its founding in 2005, the BE-terna Group has seen steady growth, generating revenues of almost EUR 70 million with a workforce of around 500 employees in 12 locations in Germany, Austria and Switzerland.
DPE has around EUR 1.2 bn in assets under management and is an independent German investment company and one of the largest growth capital providers in Germany. Its investment focus is on SMEs in Germany, Austria and Switzerland in sectors with positive long-term growth prospects. Since being established in 2007, DPE has invested in a total of 24 companies which have made 53 follow-up investments and now employ more than 7,400 people.
Homburger advised DPE on the unitranche financing of its investment in BE-terna with a team led by partner Jürg Frick (Banking and Finance) and included partner Stefan Oesterhelt (Tax) as well as associates Stefan Bindschedler and Urs Meier (both Banking and Finance) as well as paralegal Ganna Goncharova (Banking and Finance).
The Clifford Chance team comprised partners Barbara Mayer-Trautmann (picture) and Steffen Schellschmidt, senior associate Alexander Lang and associate Lucinda Griffiths (all Banking & Finance, Munich and Frankfurt).
P+P Pöllath + Partners advised DPE on all legal and tax matters with a team led by partner Michael Best (tax) and partner Otto Haberstock (M&A/PE, structuring/reinvestment), alongise counsel Gerald Herrmann (tax), senior associate Pascal Köstner (M&A/PE, structuring/reinvestment) and associate Tobias Deschenhalm (tax).
Involved fees earner: Lucinda Griffiths – Clifford Chance; Alexander Lang – Clifford Chance; Barbara Mayer-Trautmann – Clifford Chance; Steffen Schellschmidt – Clifford Chance; Stefan Bindschedler – Homburger; Jürg Frick – Homburger; Ganna Goncharova – Homburger; Urs Meier – Homburger; Stefan Oesterhelt – Homburger; Michael Best – P+P Pöllath + Partners; Tobias Deschenhalm – P+P Pöllath + Partners; Otto Haberstock – P+P Pöllath + Partners; Gerald Herrmann – P+P Pöllath + Partners; Pascal Köstner – P+P Pöllath + Partners;
Clients: DPE Deutsche Private Equity GmbH ;