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Binder Groesswang Advises on Establishment of Solvares Group

Binder Groesswang Advises on Establishment of Solvares Group

Austria
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Binder Groesswang has advised Deutsche Beteiligungs AG and its portfolio company Fast Lean Smart Group GmbH on their acquisition of Impactit GmbH. Bird & Bird reportedly advised Deutsche Beteiligungs as well, and KPMG Law reportedly advised the unidentified seller.

Impacit sells the Portatour software that enables field sales staff to organize their appointments and routes individually via a web.

Deutsche Beteiligungs is Frankfurt-based private equity fund that invests in medium-sized companies the automotive supplies, machine and plant construction, printing, media, and packaging, industrial services and logistics, and measuring and automation technology sectors.

According to Binder Groesswang, “together with another investment of Fast Lean Smart Group, the companies will become the Solvares Group, a European software house for the logistics industry.”

Binder Groesswang’s team consisted of Partners Stefan Tiefenthaler and Gottfried Gassner, Senior Associate Mona Holzgruber, and Associate Patrick Mayrhuber.

Bird & Bird’s team included Partner Hans-Peter Leube and Counsel Marianne Nawroth.

KPMG Law’s team consisted of Partner Wendelin Ettmayer and Senior Associate Pablo Essenther.

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