EMERAM acquires ]init[ from Permira and HCOB
Frankfurt a. Main — EMERAM Capital Partners has acquired the ]init[ AG, a leading provider of transformation services from Permira and HCOB acquired. Shearman & Sterling advised funds advised by Permira Debt Managers (PDM) and Hamburg Commercial Bank (HCOB) on the financing of the acquisition of ]init[ AG für digitale Kommunikation (]init[) by EMERAM Capital Partners,. Dirk Stocksmeier, Chief Executive Officer and founder of ]init[, will continue to hold a significant stake in the company.
]init[ AG für digitale Kommunikation, headquartered in Berlin, is one of Germany’s leading full-service providers for Internet and IT projects. The company employs over 500 people worldwide in the areas of online communications, IT services and data centers.
EMERAM was advised by Noerr (Legal & Tax), PwC (Financial), strategy& (Commercial), Quarton (Debt Advisory) and Willis (Insurance).
]init[ was advised by Drake Star Partners (Exclusive Financial Advisor) and TaylorWessing (Legal).
Permira and HCOB: The Shearman & Sterling team led by Partner Winfried M. Carli included Associates Andreas Breu and Martina Buller as well as Transaction Specialist Deniz Alkanli (all Germany-Finance). Hamburg Commercial Bank was advised on intercreditor issues by Dr. Matthias Weissinger (Germany-Finance).
About Shearman & Sterling
Shearman & Sterling is an international law firm with 23 offices in 13 countries and approximately 850 lawyers. In Germany, Shearman & Sterling is represented at the Frankfurt office. The firm is one of the international market leaders in advising on complex cross-border transactions. Worldwide, Shearman & Sterling primarily advises international corporations and large national companies, financial institutions, and large mid-sized companies. For more information, visit www.shearman.com.