Milbank LLP has advised private investment house Ardian on the investment in the Swiss Flowable Holding AG and its subsidiaries (“Mimacom Flowable Group” or “MFG”) alongside the management team, led by CEO Agim Emruli.
Headquartered in Bern, Switzerland, MFG specializes in services, software development and digital transformation, cloud, and data consultancy for well-known blue-chip customers in the manufacturing, finance, insurance and life sciences sectors. With Flowable, it also offers its own low-code software platform for the automation and digitalization of business processes. MFG has more than 500 employees across 10 locations worldwide, including in Switzerland, Germany, Spain, the USA, Poland and Singapore.
Ardian is a world-leading private investment house, managing or advising $150 billion of assets on behalf of more than 1,400 clients globally.
MFG’s management team will continue to manage the group’s operations. With the support of Ardian, MFG plans to drive its growth through entering new markets, growing its customer base and targeted acquisitions of IT service and business process automation companies.
Ardian’s investment is financed by acquisition finance facilities provided by a consortium of experienced Swiss banks.
Milbank advised Ardian comprehensively on the transaction, covering M&A, finance and tax structuring. The Milbank team was led by partner Michael Bernhardt (Corporate/M&A) and included partners Thomas Ingenhoven (Finance) and Matthias Schell (Tax) as well as associates Sarah-Maria Resch, Steven Buschle (both Corporate/M&A), Gerrit Merkel (Finance) and Arne Hammerich (Tax).
