On December 5, 2022, BDK Advokati announced that Francisco Partners’ acquisition of Litmos from SAP (reported by CEE Legal Matters on August 23, 2022) had closed.
As previously reported, BDK Advokati, working with Kirkland & Ellis, had advised Francisco Partners on its acquisition of SAP Litmos from SAP.
Litmos develops e-learning solutions for companies, including the SAP Litmos Training learning management system and the SAP Litmos Training Content, a course library.
Francisco Partners is a global investment firm that focuses on technology and technology-enabled businesses.
SAP is a German company specializing in enterprise application software.
"We are investing in Litmos to accelerate growth by investing in and expanding the Litmos team, advancing product development and marketing, and expanding customer success," Jason Brein and Christine Wang, Partners with Francisco Partners, commented.
BDK Advokati's HR and corporate teams worked on the Serbian leg of the transaction.
