P+P advises CoreMedia on sale to OpenGate Capital
Munich — Global private equity firm OpenGate Capital has acquired a majority stake in software company CoreMedia AG. The sellers were Deutsche Telekom Capital Partners and a consortium of private investors. P+P advised the management of CoreMedia AG on the transaction.
CoreMedia AG is a platform for content management and an expert in digital marketing. The Hamburg-based company provides real-time product information with multimedia marketing content as well as personalized product messages. Digital marketing solutions enable users to improve their digital presence and optimize e‑commerce platforms. Its global customers include companies in the luxury goods, retail, media, industrial manufacturing, telecommunications and public sectors, as well as other global e‑commerce companies.
CoreMedia AG is the sixth investment of OpenGates’ recently closed second institutional fund, whose assets amount to approximately USD 585 million. The Los Angeles-based investment company has a focus on the mid-market segment in North America and Europe.
Advisors Core Media AG: P+P Pöllath + Partners
The two Munich partners Dr. Barbara Koch-Schulte, Foto (M&A/Private Equity, Tax Law, Management Participations) and Dr. Nico Fischer (Tax Law) provided legal and tax advice to the management of CoreMedia AG in connection with the sale.