The international law firm Milbank LLP has advised MB Beteiligungsgesellschaft mbH on the sale of a minority stake in powercloud GmbH to financial investor General Atlantic.
With its platform powercloud, powercloud GmbH offers a SaaS solution for the energy industry. The cloud software supports companies and providers, amongst other services, in product, contract and customer management as well as end customer billing. Powercloud is one of the fastest growing CRM and billing systems in its sector.
General Atlantic is a leading growth capital investor with 13 offices worldwide providing companies with high growth potential with capital and strategic support. The investor currently holds assets of approximately $28 billion.
The contract parties agreed not to disclose the details of the acquisition, which is subject to approval by the antitrust authorities.
A Milbank team led by partner Michael Bernhardt advised MB Beteiligungsgesellschaft mbH on Corporate, Tax, Finance and Competition Law in relation to the transaction.
Advisor to MB Beteiligungsgesellschaft mbH: Milbank LLP
Michael Bernhardt (lead, Corporate/M&A, Frankfurt), Matthias Schell (Tax, Munich), Alexander Rinne (Competition Law, Munich) Leopold Riedl, Sebastian Dexheimer, Sarah-Maria Resch (all Corporate/M&A, Frankfurt), Moritz Philipp (Tax, Munich).
