Milbank LLP advised the fund German Equity Partners V (“GEP V”), which is managed by the independent German investment firm ECM Equity Capital Management GmbH (“ECM”), on the sale of its majority stake in YellowFox GmbH (“YellowFox”) to Peter Möhrle Holding GmbH & Co. KG (“Peter Möhrle Holding”).
ECM is a growth partner for mid-sized enterprises and entrepreneurs in German-speaking Europe. Since 1995, ECM has raised the private equity funds GEP I-V with aggregate equity commitments of more than EUR 1 billion and currently invests out of its fifth fund GEP V (EUR 325 million). The funds invest primarily in leading mid-market companies with attractive growth potential in the context of ownership successions, partnership transactions and corporate spin-offs.
YellowFox, based in Kesselsdorf (near Dresden), develops telematics and fleet management software solutions for a wide range of industries, vehicle and asset types, and company sizes. Development, sales and support are provided entirely in-house. The company offers a comprehensive, modular and scalable portfolio of digital fleet and asset management solutions that help customers enhance productivity and cost efficiency, ensure regulatory compliance and drive digital transformation.
The Milbank team was led by partner Michael Bernhardt (Corporate/M&A) and included partner Matthias Schell (Tax) as well as associates Steffen Post, Sarah-Maria Resch, Lukas Krogmann, Hendrik Gäbler, Jonathan Grumann (all Corporate/M&A) and Nikolas Wolf (Tax).
