Milbank LLP has advised Hg in connection with the investment of its portfolio company JTL-Software-GmbH (“JTL-Software”) in FFN Connect.
The transaction follows Hg's investment in JTL-Software in 2023 and JTL-Software's investments in Bringly, Dealavo, Returnless, JERA, countX and GREYHOUND, on which Milbank advised Hg comprehensively. The investments signal a new phase in the ongoing development of JTL-Software expanding JTL-Software’s offering.
Hg is a leading investor in European and transatlantic software and service businesses, with a focus on companies that drive business process modernization. Through specialized industry expertise, vertical application knowledge, and operational support, Hg helps its portfolio companies scale and grow. With more than 400 employees and approximately $100 billion in assets under management, Hg oversees a portfolio of more than 50 companies.
FFN Connect GmbH is developing FFN Connect, a SaaS solution that efficiently connects retailers and fulfillment service providers. As a central hub between retail and logistics, the company creates transparency and enables smooth, automated collaboration. The founders aim to make even complex processes easy and efficient to map with practical solutions and close customer contact.
The Milbank team was led by partner Sebastian Heim and included the associates Julian Jaschinski and Maximilian Hirschfeld (all Corporate/M&A).
