Schoenherr, working with Kirkland & Ellis, has advised EQT VI Limited on the sale of Automic Software GmbH to NASDAQ-listed CA Technologies Inc. at an enterprise valuation of EUR 600 million. Freshfields advised CA Technologies on the transaction, which remains subject to customary anti-trust clearance. The transaction is expected to close in the first quarter of 2017.
Headquartered in Vienna, Automic is a global provider of business automation software that helps enterprises improve productivity and drive agility by automating business processes and IT infrastructure. Automic, which has approximately 600 employees across Europe, North America, and Asia, serves customers in the energy, financial services, healthcare, manufacturing, retail, and telecommunications sectors.
EQT AB is an alternative investments firm with approximately EUR 30 billion in raised capital across 21 funds. EQT funds have portfolio companies in Europe, Asia, and the US, with total sales of more than EUR 17 billion and approximately 100,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence, and market leadership.
CA Technologies provides information technology management software and solutions that help organizations plan, develop, manage, and secure applications and IT infrastructure in the United States and internationally. Many Global Fortune 500 companies and many government agencies around the world rely on CA Technologies to help manage their environments.
The Schoenherr team advising EQT VI on the transaction was led by Partner Christian Herbst and Attorney Maximilian Lang and included Counsel Michael Woller and Associates Alexander Mazevski and Teresa Waidmann.
The Freshfields team was led by Corporate Partner Konrad Groller and Counsel Michal Dobrowolski, working alongside Corporate Associates Tatjana Krutzler and Sebastian Schwab. IP/IT advice was provided by Corporate Partner Bertram Burtscher and Corporate Associate Gernot Fritz. Finance Partner Florian Klimscha and Associate Julia Albrecht provided finance advice. HR advice was rendered by EPB Principal Associate Karin Buzanich-Sommeregger and EPB Associate Leonhard Prasser. US Competition Partner Bruce McCulloch and Associate Meredith Mommers and EU Competition Principal Associate Maria Dreher provided anti-trust advice. Partners and associates from different offices, including those in New York, Germany, Italy, London, Amsterdam, Brussels, Paris, Hong Kong, Singapore, Vietnam, and UEA, were involved in the due diligence exercise.
