Exit: SAP acquires Signavio from consortium of investors
Walldorf, Germany — SAP SE is acquiring Signavio GmbH from a consortium consisting of Apax Partners, Deutsche Telekom Capital Partners, Summit Partners, GP Bullhound and the founders, reportedly paying about 1 billion euros. — Wilkie Farr & Gallagher LLP advises the consortium on the sale of Signavio GmbH to SAP SE.
Signavio, founded in 2009, is a leading provider of SaaS-based business process analysis and decision management software that enables organizations to design, implement, analyze and manage complex processes, decisions and workflows. The parties have agreed not to disclose details of the transaction. The transaction is expected to be completed by the 2nd quarter of 2021.
The investors were involved as follows: The American financier Summit Partners, which has been with Signavio since 2015, still held around 8.1% of the company at the exit. Deutsche Telekom Capital Partners — now better known as DTCP — held 6.6%. The American investor Apax, which, like DTCP, invested in Sgnavio in 2019, was last on board with 40.6%. Which, at best, has now raised over 400 million. Last but not least, GP Bullhound also held a stake in Signavio (0.4%).
Signavio founder Gero Decker last held around 15.2% of Signavio. On paper, this means around 152 million euros. Signavio co-founder Nicolas Peters, who will work at the software startup until the summer of 2020, most recently held around 9.3% of the company. Co-founder Willi Tscheschner (CTO) most recently held around 9.5% of the company’s shares. Co-founder Torben Schreiter, who worked at Signavio until 2016, came to 2.8% shortly before the exit.
Willkie advised the consortium consisting of lead investor Apax Partners, Deutsche Telekom Capital Partners, Summit Partners, GP Bullhound and the founders (“Consortium”) on the sale of Signavio GmbH (“Signavio”) to SAP SE (“SAP”). The consortium announced that it has entered into an agreement to sell Signavio, a leader in business process intelligence and process management, to SAP.
Advisor to the consortium: Willkie Farr & Gallagher
under the leadership of partner Dr. Kamyar Abrar (Corporate, Frankfurt), consisted of partners Simon F. Spencer (IP, New York), Eugene L. Chang (IP, New York), William H. Rooney (Antitrust, New York), Michael L. Katz (Corporate, New York), Dr. Markus Lauer (Corporate, Frankfurt), counsels Miriam Steets, Wolfgang Münchow, Daniel Zakrzewski, Dr. Moritz Vettermann (all Corporate, Frankfurt), Ludger Kempf (Tax, Frankfurt), Matthias Schrader (Litigation, Frankfurt), Matthias Töke (Finance, Frankfurt) and Jonathan Konoff (Antitrust, New York), associates Aurel Hille (Antitrust, Frankfurt), Cesare Vannucchi, Jane Hentz, Ilie Manole, Andreas Sandberger, Philip Thürmer (all Corporate, Frankfurt), Dr. Nadine Kramer, Martin Waskowski (both HR, Frankfurt), Christian Schmidt (Tax, Frankfurt), Christopher Clerihew, Stefanie Lechler (both Finance, Frankfurt), Ahmad El- Gamal (Trade & Export, Washington), Scott Wallace (Tax, London).
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