Frankfurt, July 14, 2026. Milbank LLP advised LEA Partners GmbH (“LEA”), a leading investor in software and services companies in the DACH region, on the sale of refyne GmbH (“refyne”) to VisualLogix, a portfolio company of Insight Partners.
Headquartered in Frankfurt am Main, refyne combines leading software and AI-enabled solutions for the timber and metal construction industry into an end-to-end platform covering the entire process chain of manufacturing businesses - from sales and quotation through design and engineering to production and invoicing.
LEA had been invested in refyne since June 2023 and built the company into a leading end-to-end software platform through a focused buy-and-build strategy, combining five established specialists. During the holding period, refyne more than doubled its revenue and increased its user base to over 25,000 with more than 150 employees today.
The transaction represents the first exit from LEA’s Mittelstandspartner II/II-A funds.
As an entrepreneurial equity partner, LEA supports founders and management teams at various development stages in their growth and in achieving a leading market position. With more than €2 billion in committed capital, its 40-person team based in Karlsruhe has successfully supported more than 140 technology companies since 2002.
The Milbank team that advised LEA on this transaction was led by partner Michael Bernhardt (Corporate/M&A, Frankfurt) and included partners Matthias Schell (Tax, Munich) and Alexander Rinne (Antitrust, Munich) as well as associates Moritz Jacob, Philip Falk, Steffen Post, Hendrik Gäbler, Jonathan Grumann (all Corporate/M&A, Frankfurt), Nikolas Wolf (Tax, Munich) and Julia Röhrer (Antitrust, Munich).
