Milbank advised General Atlantic, a global growth equity firm, on the strategic partnership with Staffbase, a leading provider of digital solutions for internal communications. General Atlantic is acting as lead investor in the $145 million (€122 million) financing round in the start-up to help the company grow internationally and strengthen its global leadership in the employee engagement space. Existing investors Insight Partners and e.ventures will also contribute to the financing round.
Staffbase, headquartered in Chemnitz, Germany, is one of the fastest-growing internal communications platform providers for enterprise companies. The Staffbase platform enables companies to communicate quickly and effectively with all of their employees – whether through corporate-branded communications, the publication of news items in a fast and reliable manner, or effectively measuring communications activities. The company’s solutions allow for more effective onboarding and enhanced employee engagement, and help employees identify more closely with their employers. Staffbase has offices in Amsterdam, Cologne, Dresden, Berlin, London, Munich, and New York City and provides branded solutions to over eight million people across more than 1,000 leading companies worldwide, including Adidas, Audi, BHP, Deutsche Post DHL, Groupon, Hitachi, Ikea, Johns Hopkins University, McKesson, Paulaner, Suncor, Viessmann, and Volvo.
General Atlantic is a leading global growth equity firm providing capital and strategic support for growth companies. General Atlantic combines a collaborative global approach, sector-specific expertise, a long-term investment horizon and a deep understanding of growth drivers.
Milbank advised General Atlantic on all corporate/M&A, antitrust and tax law aspects of the transaction.
The Milbank team was led by partner Sebastian Heim (Corporate/M&A) and included the partners Alexander Rinne (Antitrust) and Matthias Schell (Tax) as well as the associates Alexandra Schäfer, Jan Mahlke and Johannes Wohlmuth (all Corporate/M&A, Munich).