BPV Hugel has advised Raiffeisen Informatik GmbH on its sale of 100% of the shares in global IT service provider Comparex to SoftwareOne, a platform, solutions, and services company. Lenz & Staehelin advised the buyers on the transaction, which remains subject to customary approvals. Terms of the deal were not disclosed.
Comparex CEO Thomas Reich and Chief Sales Officer Marc Betgem will join SoftwareONE's executive management team. According to SoftwareONE, the merger will see the new firm help customers manage an estimated EUR 10 billion in software sales, and the newly-combined company will have a headcount of 5,500 in over 200 locations across 88 countries. SoftwareONE will continue to have its headquarters in Stanz, Switzerland, but Comparex's Leipzig headquarters will continue to play a role in supporting its global and EMEA customers.
The bpv Huegel team was led by Partner Thomas Lettau, supported by Partners Christoph Nauer, Gerald Schachner, Astrid Ablasser-Neuhuber, and Gerhard Fussenegger, and Attorneys Verena Hugel, Holger Steinborn, Merve Taner, and Bernhard Motal.
The Lenz & Staehelin team was led by Partner Matthias Wolf and included Associates Andreas Hinsen, Ann Weibel, and Elia Schunck.
Editor's Note: After this article was published Kinstellar announced that it and Linklaters had advised the sellers on "the implications of the transaction in Bulgaria, Kazakhstan, and Serbia." The firm's team consisted of Of Counsel Dessislava Fessenko in Bulgaria, Partner Joel Benjamin and Associate Yerbol Konarbayev in Kazakhstan, and Partner Branislav Maric and Managing Associate Dragana Bajic in Serbia.
Subsequently, CEE Legal Matters learned that bpv Grigorescu Stefanica had worked on the deal as well, serving as Romanian counsel to Raiffeisen Informatik. The firm's team consisted of Partner Anca Albulescu, Managing Associate Iulia Dragomir, and Associates Radu Zmaranda and Diana Radu. In addition, bpv Grigorescu Stefanica reported, bpv Braun Partners teams in Prague and Bratislava advised on local laws as well.