A Gleiss Lutz team comprehensively advised Deutsche Beteiligungs AG on the financing aspects of its acquisition of the akquinet group. DBAG Fund VII acquired shares from approximately 70 shareholders, including company founders and company employees, by way of a management buy-out. The financing of the acquisition and the further growth of the group is provided by a unitranche with a first-out component supplemented by a super senior working capital facility and is provided by Five Arrows and Oldenburgische Landesbank.
The akquinet group, headquartered in Hamburg, has been providing a wide range of services and products in the IT sector since 2002, with currently around 950 employees at over 20 locations in Germany and Austria, with a focus on ERP systems and customised software solutions, primarily in the health and social care sectors, the logistics industry and the public sector. Through a joint foundation with the Evangelische Stiftung Alsterdorf, the Group actively promotes the inclusive employment of people with disabilities and has already received awards for this.
Deutsche Beteiligungs AG is increasingly investing in the mid-cap market in the growth sectors of IT, telecommunications and healthcare and regularly relies on the advice of a Gleiss Lutz team led by partner Frank Schlobach for its acquisition financings.
The following Gleiss Lutz team acted for Deutsche Beteiligungs AG: Frank Schlobach (partner, lead), Dr Katja Lehr (counsel), Yvonne Gerster, Ardian Gagica (all finance), Dr Ocka Stumm (partner), Dr Dominik Monz (both tax, all Frankfurt).
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