Milbank LLP advised funds advised by Bregal Unternehmerkapital ("BU") on the financing of the acquisition of a majority stake in Theobald Software GmbH.
Bregal Unternehmerkapital is part of a family-owned business that has grown over several generations. The BU funds invest in mid-sized companies across a wide range of sectors in Germany, Austria, Switzerland and Northern Italy with a focus on market leaders and "hidden champions" with strong management teams and outbreak potential. With patient capital, entrepreneurial expertise and a partnership approach, the BU team works closely with entrepreneurs to develop, internationalize and digitalize portfolio companies, and to help them generate sustainable value on a responsible basis.
Theobald Software GmbH ("Theobald Software") is a leading global provider of SAP integration. With the software specialist from Stuttgart, BU is expanding its portfolio in the fast-growing European market for enterprise software. The goal of the partnership with Theobald Software will be to drive the company's growth across additional target markets, intensify investments in research and development, and further expand its technology leadership in SAP interfaces. The founder, Patrick Theobald, will retain a stake in the company as part of the new partnership.
The Milbank team that advised BU on the financial aspects of the transaction, was led by partner Barbara Mayer-Trautmann and included associate Jennifer Seipelt and transaction lawyer Silvia Lengauer (all Finance, Munich).
