Bird & Bird and Pöllath advise Equistone Partners on acquisition of Eperi
Frankfurt am Main — Funds advised by Equistone Partners Europe (“Equistone”) are acquiring a majority stake in eperi, a leading provider of cybersecurity software for cloud applications. The sellers of the security specialist from Pfungstadt, Hesse, are the venture capital companies Evolution Equity Partners and btov. Elmar Eperiesi-Beck, founder and CEO of eperi, will continue to lead the company as Managing Director and will retain a significant stake in the company.
The further scaling and internationalization of the company as well as a targeted buy & build strategy are to be the focus of the new partnership. The parties have agreed not to disclose details of the transaction.
Based in the Rhine-Main area, Eperi GmbH is a leading provider of Data Security and Compliace as well as Cybersecurity solutions. The Eperi Gateway enables customers to use cloud applications such as MS 365 or Salesforce in a secure and legally compliant manner (with e.g. the DSGVO or Schrems II) without any functional restrictions. Eperi’s solutions can be easily installed in on-premise, hybrid and multi-cloud environments. Eperi GmbH places a special focus on data encryption for cloud applications for its international customers, which include large companies from the financial, healthcare and industrial sectors.
“For us, the acquisition of eperi marks another important milestone in the addition of high-growth and future-oriented IT companies to our traditional portfolio. eperi has developed into a leading international company with an outstanding customer and partner network in only a very short time — not least due to its founder’s many years of experience in cloud security,” explains Dr. Marc Arens (photo), Senior Partner and Country Head DACH/NL at Equistone.
Bird & Bird advised Equistone in cooperation with P+P Pöllath + Partners on the legal due diligence and the negotiation of the transaction documentation. Bird & Bird’s focus was on the complex IT and IP-related aspects due to its leading expertise in these areas, as well as the FDI assessment for the fund’s long-term strategy in the context of the acquisition and FDI clearance by the German Ministry of Economics.
Equistone Partners was advised by the following Bird & Bird attorneys: Lead Partner Dr. Hans Peter Leube, LL.M. and Associate Michael Maier (both Corporate/Private Equity, Frankfurt); Partner Dr. Alexander Duisberg and Associate Gökhan Kosak (both IT/Data Protection, Munich); Partners Dr. Stephan Waldheim and Tamy Tietze (both Antitrust, Düsseldorf) Partner Dr. Christoph Maierhöfer (IP, Munich); Partner Dr. Catharina Klumpp, LL.M. and Associate Julia Neuper (both Labor Law, Düsseldorf); and Partner Guido Bormann and Associate Johannes Woltering (both Public Commercial Law and Regulation, Düsseldorf).
Dr. Marc Arens, Sebastian Wintgens and Christoph Wüstemeyer areresponsible for the transaction on the part of Equistone. Equistone was advised on the transaction by BCG (Commercial), Code & Co. (Technology), Bird & Bird (IP & Regulation), PWC (Financial & Tax), and Pöllath (Legal & Contractual Documentation).