Munich — BearingPoint sells its independent Regulatory Technology (RegTech) division to leading private equity investor Nordic Capital in a share deal. The closing of the transaction with Nordic Capital is subject to customary regulatory approvals. The financial terms of the transaction were not disclosed. DLA Piper advised BearingPoint on this transaction.
The transaction is the result of a strategic process to accelerate the growth of the RegTech division as a software company providing specialized, professional and managed services along the regulatory value chain. BearingPoint will continue to act as a strategic consulting partner and retain a minority stake in RegTech.
RegTech is a leading international provider of innovative solutions in the areas of regulatory and risk technology, tax technology and reporting services along the regulatory value chain. Through close contact with regulators and as a member of key standards committees, RegTech is actively involved in the drafting and development of regulatory standards. With more than 25 years of experience in the industry, RegTech is firmly established as a market leader in Europe.
BearingPoint is a leading global independent management and technology consulting firm with a network of consultants that includes more than 10,000 employees and supports clients in over 70 countries. The company operates in three business areas: The first covers the consulting business and focuses on five key areas to drive growth in all regions. The second unit provides IP-driven managed services beyond SaaS, offering its customers mission-critical services that support business success. The third unit provides software solutions for successful digital transformation and regulatory requirements. It is also focused on exploring innovative business models with customers and partners by funding and developing start-ups.
Advisor BearingPoint: DLA Piper
Lead Partner Dr. Thomas Schmuck, Senior Associate Dr. Christian Marzlin. The other team members were partners Andreas Füchsel (all Corporate/M&A), Dr. Marie-Theres Rämer (Tax, all Frankfurt), Jan Pohle (IPT), Prof. Dr. Ludger Giesberts (Lit&Reg, both Cologne) and Semin O, counsel Sergej Bräuer (both Antitrust, Frankfurt), Dr. Thilo Streit (Lit&Reg) and Dr. Thorsten Ammann (IPT, both Cologne), senior associates Niklas Mangels, Philipp Groll (both Corporate/M&A), Miray Kavruk (all Frankfurt) and France Vehar (Cologne, both IPT), and associates Philipp Meyer (Corporate/M&A, Frankfurt) and Andreas Rüdiger (IPT, Cologne). DLA Piper teams from the UK, Ireland, the Netherlands, Austria, Finland, Sweden and Romania were involved in the consultancy.
The project was managed in-house at BearingPoint by Dr. Andreas Schöpperle, Foto (Group General Counsel) and Rainer Schöner (Senior Counsel). The transaction was managed at BearingPoint by the M&A unit within BearingPoint Capital, led by Patrick Palmgren together with Andreas Flach (BearingPoint Chief Financial Officer).
About DLA Piper
DLA Piper is one of the world’s leading commercial law firms, with offices in more than 40 countries in Africa, Asia, Australia, Europe, the Middle East, and North and South America. In Germany, DLA Piper is represented by more than 240 lawyers at its offices in Frankfurt, Hamburg, Cologne and Munich.