22.10.2015

Luther advises IT company Asseco regarding the sale of Matrix42

Dynamic market environment: Poland's largest IT enterprise sells German supplier for workplace management – Matrix42 AG plans expansion in growing markets

Background

Dynamic market environment: Poland's largest IT enterprise sells German supplier for workplace management – Matrix42 AG plans expansion in growing markets.

Luther advised the IT company Asseco Poland regarding the sale of Matrix42 AG – a supplier of IT workplace management solutions. Buyers are funds advised by the Munich investment company Emeram Capital Partners LLC.

The purchase agreement within the framework of a management buyout was signed on 13 October 2015. The parties agreed to keep the purchase price secret. The transaction is still contingent upon approval by the antitrust authorities.

Together with existing management, Emeram is planning to continue the growth trajectory of Matrix24. This also applies to the regional expansion – in particular in the UK, Benelux and APAC – as well as to the growth as a result of the acquisition of specialized software providers. In 2014 already, Matrix42 took over the Australian enterprise mobility management provider Silverback.

For Luther's M&A Team in Munich, this is an additional transaction in the technology sector this year: The team around Dr Andreas Kloyer advised, among others, a British group of investors regarding entry into the German renewable energies market in January, a bank regarding the purchase of an Internet bank in May, and a Munich entrepreneur regarding the sale of a medical technology company in August.

About Matrix42 AG

Matrix42 AG, which was founded in 1992, is a world-wide provider of workspace management solutions for physical, virtual, and mobile workplaces based in Frankfurt am Main. The Matrix42 software offers enterprises solutions in workplace management and is used by over 3,000 customers for the administration of more than three million workplaces worldwide, including BMW, Infineon, and Carl Zeiss.

About Asseco

Asseco Poland is the largest IT enterprise listed on the Warsaw stock exchange. It has been offering software solutions for enterprises and institutions in all key sectors of industry for more than 20 years. The Polish Asseco Group is the number one IT enterprise in Central Europe and is ranked number 6 of the top-selling software groups according to the Truffle 100 European ranking. With over 18,000 employees, the Asseco Group is present in 43 countries.

For Asseco

Luther, Mergers & Acquisitions: Dr Andreas Kloyer (Lead Partner), Annette Schüller, Dr Sabine Seidenschwann, Nadine Müller (all Munich), Dr Stefan Galla (Partner), Dr Cédric Müller, LL.M., Dr Pascal Heßeling (all Essen)

 

Luther, Tax: Peter Fabry (Partner), Peter Schäffler (Partner), Karl Ober, LL.M. (all Munich)

Luther, Banking & Capital Markets: Christoph Schauenburg, LL.M. (Partner, Frankfurt am Main)

Luther, IP and copyright law: Dr Detlef Mäder (Partner, Dusseldorf / Cologne), Dr Patrick Schlieper (Dusseldorf), Christoph Maiworm (Cologne)

Luther, Employment Law: Christian Dworschak (Partner, Munich)

 

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Author
Christian Dworschak

Christian Dworschak
Partner
Munich
christian.dworschak@luther-lawfirm.com
+49 89 23714 13403

Dr Stefan Galla

Dr Stefan Galla
Partner
Essen
stefan.galla@luther-lawfirm.com
+49 201 9220 24016

Dr Andreas Kloyer

Dr Andreas Kloyer
Partner
Frankfurt a.M., London
andreas.kloyer@luther-lawfirm.com
+49 69 27229 24715

Dr Detlef Mäder

Dr Detlef Mäder
Partner
Cologne, Dusseldorf
detlef.maeder@luther-lawfirm.com
+49 221 9937 25711

Dr Cédric Müller, LL.M. (Bristol)

Dr Cédric Müller, LL.M. (Bristol)
Partner
Essen
cedric.mueller@luther-lawfirm.com
+49 201 9220 24879

Christoph Schauenburg, LL.M. (London)

Christoph Schauenburg, LL.M. (London)
Partner
Frankfurt a.M.
christoph.schauenburg@luther-lawfirm.com
+49 69 27229 24675