Milbank advised Jedox AG and its shareholders in connection with a financing round. In addition to existing investors eCAPITAL and Iris Capital, the global venture capital and private equity firm Insight Partners will provide capital. Jedox will receive a large part of the total investment of more than $100 million; another part will go to long-time investors and supporters such as eCAPITAL and Wecken & Cie. The investment will be used to accelerate customer growth and increase global presence, as well as enhance platforms for cross-departmental integrated business planning, reporting and analytics. The transaction is, among other things, subject to merger control approval.
Jedox AG, headquartered in Freiburg im Breisgau, Germany, provides enterprise performance management and business intelligence software that optimizes planning, budgeting and forecasting across all departments in 140 countries. Jedox employs around 2,500 people at nine locations in the USA, Australia, Europe and Asia.
Milbank advised Jedox AG and its shareholders on all corporate, tax and antitrust aspects of the transaction.
The Milbank Team was led by partner Peter Nussbaum and associate Benjamin Leuchten (both Corporate/M&A, Munich) and included the partners Matthias Schell (Tax) and Alexander Rinne (Antitrust, both Munich) as well as the associates Sebastian Reiner-Pechtl, Markus von Lutterotti (both Corporate/M&A) and Susanne Schricker (Antitrust, all Munich).