Osborne Clarke has advised akquinet AG on the sale of shares and business interests to Deutsche Beteiligungs AG (DBAG).
DBAG will acquire all shares of the more than 70 shareholders in akquinet AG itself as well as all or a majority of the shares in more than 20 akquinet subsidiaries via a management buy-out (MBO). The closing of the purchase agreement is subject to, among other things, the approval of the antitrust authorities; it is scheduled for the second quarter. The parties have agreed not to disclose the purchase price. In the course of the MBO, board members, managing directors and employees will take a substantial stake in the akquinet group in order to securely lead the continuous growth achieved so far into the future. The management team will also remain constant with Thomas Muszal, Olaf Zöftig and Thomas Tauer.
akquinet AG is an internationally active and owner-managed IT service provider headquartered in Hamburg. The company sees itself as a software integrator, developer, consulting partner and outsourcing specialist. DBAG, which is listed on the stock exchange, initiates closed-end private equity funds and invests - predominantly alongside these DBAG funds - in well-positioned medium-sized companies with potential. One focus for many years has been industry. An increasing proportion of equity investments are in companies in the growth sectors of IT services/software, healthcare and broadband telecommunications.
The Osborne Clarke team advising akquinet AG was led by Dr Fabian Christoph (Corporate / M&A) and comprised Alexandra Nautsch and Maximilian Vocke (both Corporate / M&A), Dr Sebastian Hack and Catharina Richter (Antitrust / Foreign Trade Law) and Dr Jens Wrede (Tax).
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