Morgan Lewis advises LEA Partners on acquisition of TAC

Karlsruhe/Hartberg — LEA beco­mes the new owner of TAC, the leading soft­ware provi­der for hotel spas, pools and fitness clubs based in Hart­berg (Austria). LEA is a leading stra­te­gic growth part­ner for B2B SaaS compa­nies in the DACH region. — Morgan Lewis advi­sed LEA Part­ners on the acqui­si­tion of the Austrian soft­ware provi­der TAC. 

TAC supports over 1,200 custo­mers world­wide in opti­mi­zing opera­tio­nal proces­ses and offe­ring guests a seam­less, high-quality expe­ri­ence. Through the conti­nuous deve­lo­p­ment of its products, TAC now offers a highly modu­lar plat­form that covers all of its custo­mers’ soft­ware needs from a single source — from reser­va­tions and resource plan­ning to member­ship manage­ment, access control, cash regis­ter func­tions and payment processing. 

LEA plans to conti­nue the company at the Hart­berg and Vienna loca­ti­ons toge­ther with the exis­ting manage­ment team and to bene­fit from struc­tu­ral market deve­lo­p­ments such as the increased focus on healthcare.

Thomas Röss­ler, foun­der and Mana­ging Direc­tor of TAC, explains: “In LEA, we have found the ideal part­ner to conti­nue TAC’s success story. It was clear from the very first discus­sions that our visi­ons and values are a perfect match. Toge­ther, we are pursuing the goal of consis­t­ently imple­men­ting our ambi­tious growth plans and further expan­ding our leading market posi­tion in the leisure industry.”

Jan Huber from LEA empha­si­zes: “TAC is a clear exam­ple of the importance of conti­nuous product invest­ment and a well-coor­­di­na­­ted team in achie­ving market leader­ship. We were imme­dia­tely impres­sed by the clear custo­mer bene­fits and deep func­tion­a­lity of TAC, which toge­ther build on long-stan­­ding custo­mer rela­ti­onships. We are very plea­sed that the TAC team is once again taking a substan­tial stake in the company as part of the tran­sac­tion and that we can make a signi­fi­cant contri­bu­tion to further growth as a spar­ring partner.”

Advi­sor LEA Part­ners: Morgan Lewis 

Sebas­tian Dexhei­mer (lead, private equity), Dr. Walter Ahrens (employ­ment law), Dr. Michael Masling (anti­trust law), Dr. Tors­ten Schwarze (finance; all Frank­furt) and Dr. Jann Jetter (tax law, Munich) as well as asso­cia­tes Mari­anne Milo­va­nov (private equity), Sarah-Loreen Krüger (M&A), Leon­hard Seifert (anti­trust law; all Frank­furt), Emma Drago­mi­rova and Vikto­ria Ritter (both tax law, Munich).

About TAC

Foun­ded in 2001, TAC is one of the market leaders in soft­ware solu­ti­ons for hotel spas, pools and fitness clubs. With more than 1,200 inter­na­tio­nal custo­mers, TAC is in use in over 70 count­ries and on five conti­nents — supported in 18 languages. The modu­lar all-in-one soft­ware plat­form is opti­mally tail­o­red to the needs of well­ness faci­li­ties and helps to opti­mize proces­ses and improve the custo­mer expe­ri­ence. In addi­tion to its high func­tional depth and relia­bi­lity, TAC is charac­te­ri­zed by 24/7 custo­mer support. — www.tac.eu.com

About LEA

With more than EUR 2 billion in commit­ted capi­tal, LEA, as an entre­pre­neu­rial equity part­ner, supports foun­ders and manage­ment teams at various stages of deve­lo­p­ment in their growth and in achie­ving a leading market posi­tion. Since 2016, the 35-strong team from Karls­ruhe has successfully supported more than 120 tech­no­logy compa­nies. — www.leapartners.de

About Morgan Lewis

Morgan Lewis stands for outstan­ding service, legal inno­va­tion and excep­tio­nal commit­ment to its clients. With more than 2,200 lawy­ers, the firm provi­des highly quali­fied legal advice to multi­na­tio­nal corpo­ra­ti­ons and start-ups in the United States, Europe, Asia and the Middle East. — www.morganlewis.com