The German and Austrian offices of CMS have advised Austrian IT-service provider Catalysts and German IT market research and consulting company Crisp Research on their merger, resulting in the formation of Frankfurt-headquartered Cloudflight Group.
According to CMS, "Catalysts specializes in digitalization and cloud transformation. DBAG Fund VII, which is advised by Deutsche Beteiligungs AG, has acquired a majority holding in Catalysts GmbH and in Kassel-based Crisp Research AG in the context of two management buyouts in order to create the new structure." According to the firm, "in addition to an employee share scheme, the two founders of Catalysts will also hold significant stakes. The main objective of the new structure is to push ahead with the firm’s European growth strategy. The parties agreed not to disclose the purchase price."
CMS's German-Austrian team was headed by Stuttgart-based Partner Maximilian Grub, assisted by Christoph Steindl and Christian Federspiel. The Vienna team consisted of Partner Johannes Trenkwalder and Associate Florian Mayer.