Milbank LLP advised funds advised by LEA Partners GmbH on the acquisition of a majority stake in b+m group, a leading provider of software solutions for banks and insurance companies.
The b+m group, with around 150 employees and headquarters in Melsdorf near Kiel, is the clear market leader in Germany with its solutions for the automated processing of promotional loans. In 2020 alone, the software systems of the b+m group were used to process promotional loans with a volume of more than EUR 30 billion. In addition, the group offers innovative products for insurance companies in pension management and portfolio management as well as a market-leading portfolio for the digitalization of sales at banks and savings banks. The b+m group has been very successful in the software market for financial service providers for more than 25 years and enjoys the trust of its long-standing customers throughout the DACH region.
LEA Partners is an entrepreneurial-minded multi-stage private equity firm investing in growth technology companies that are driving transformative change in their industries. Operating out of Karlsruhe, one of Europe's largest technology clusters, LEA Partners has advised on the investment in several technology companies.
The Milbank team led by Dr. Michael Bernhardt (Corporate/M&A, Frankfurt) includes Sebastian Dexheimer, Johannes Wohlmuth, Steffen Post (all Corporate/M&A, Frankfurt) and Dr. Matthias Schell (Tax, Munich).
