P+P advises EQT on the acquisition of the software company SUSE
Munich — Swedish private equity investor EQT has acquired SUSE, the world’s leading open source software provider. P+P Pöllath + Partners advised EQT on the transaction.
SUSE, headquartered in Nuremberg, Germany, is a pioneer in open source software. With revenues of $320 million in 2017 and approximately 1,400 employees worldwide, SUSE is a market leader in infrastructure and application delivery solutions. SUSE’s reliable products and support services help customers manage complexity, reduce costs and ensure business-critical processes.
EQT is a Swedish financial investor specializing in growth-oriented companies. EQT is mainly active in Europe, Asia and North America and supports companies in their sustainable expansion in the market. EQT aims to further expand SUSE’s long-term growth and innovation.
Advisors to EQT: P+P Pöllath + Partners
P+P provided legal and tax advice to EQT in connection with the management investment in the transaction with the following Munich team:
Dr. Benedikt Hohaus (Partner, M&A/Private Equity, Management Participations) Dr. Barbara Koch-Schulte, Photo (Partner, M&A/Private Equity, Tax Law, Management Participations) Lorena Joana Echarri (Associate, M&A/Private Equity, Manage- ment Investments) P+P regularly advises EQT, for example on the sale of SAG to SPIE, on the sale of BSN medical to the Swedish SCA or on the sale of CBR to the British Alteri Investors.