Reed Smith advises Blackstone subsidiary Sphera Solutions on acquisition of riskmethods
Munich — International law firm Reed Smith provided comprehensive advice to Sphera Solutions, an ESG portfolio company of Blackstone, USA, on the acquisition of riskmethods, a supply chain risk management software company based in Munich with subsidiaries in the USA and Poland. The parties have agreed not to disclose the purchase price.
The acquisition was made as part of a structured sales process. During the transaction, Sphera/Blackstone was comprehensively assisted by an interdisciplinary team from Reed Smith in all relevant legal areas including tech & data and antitrust/foreign trade law. The Reed Smith team was led by partners Siddesh Bale (USA) and Dr. Andreas Jürgens; partner Dr. Andreas Jürgens was responsible for legal advice in Germany and said “we are very pleased that our global team was able to successfully assist Sphera and Blackstone in this transaction, bringing not only our many years of M&A experience but also our expertise in this important ESG market.”
About Sphera Solutions
Sphera says it is the leading provider of environmental, social and governance (ESG) performance and risk management software, data and consulting services focused on environment, health, safety and sustainability (EHS&S), operational risk management and product stewardship. For more than 30 years, Sphera has served over 6,700 customers and more than one million users in 80 countries to help organizations keep their people safe, their products sustainable and their operations productive.
About riskmethods GmbH
riskmethods says it enables organizations worldwide to identify, analyze and mitigate all types of supply chain risk management (SCRM). riskmethods’ software uses artificial intelligence (AI) and machine learning to protect its clients’ supply chain network. Its software platform collects supplier data and real-time information, distinguishes critical signals from “noise,” and provides users with visibility across multiple layers of their supply chain so they can mitigate the risk of business disruption and achieve supply chain visibility.
The company’s 200+ employees in 4 offices worldwide serve more than 225 enterprise customers.
Blackstone says it is the world’s largest alternative investment firm. The company’s objective is to create positive economic impact and long-term value for investors and the companies in which it invests. Assets under management of $941 billion include, on a global basis, investment vehicles focused on private equity,
Focus real estate, public debt and equity, infrastructure, life sciences, growth equities, non-investment grade opportunistic credit, real assets and secondary funds.
Reed Smith’s German team included:
Dr. Andreas Jürgens (Partner — Corporate/M&A, Frankfurt, Lead Partner)
Dr. Anette Gaertner (Partner — IP, Frankfurt)
Dr. Michaela Westrup (Partner — Antitrust Law/Foreign Trade Law, Munich)
Daja Apetz-Dreier (Partner — Commercial/Dispute Resolution, Munich)
Dr. Martin Bünning (Partner — Tax Law, Frankfurt)
Dr. Andreas Splittgerber (Partner- Tech & Data, Munich)
Dr. Simon Grieser (Partner — Finance, Frankfurt)
Christian Leuthner (Partner — Tech & Data, Frankfurt)
Dr. Philip Schmidt (Counsel — Corporate/M&A, Frankfurt)
Judith Becker (Counsel — Labor Law, Munich)
Irmela Dölle (Associate — Tech & Data, Frankfurt)
Julia Hoeren (Associate — Commercial/Dispute Resolution, Munich)
Elisa Saier (Associate — Labor Law, Munich)
Vincent Magotsch (Associate — Labor Law, Munich)
Dr. Maria Ottermann (Associate — Dispute Resolution, Munich)
Sebastian Bitter (Associate — Antitrust Law, Munich)
Philipp Johannes Bergmann (Associate — Banking & Finance, Munich)
Anselm Reinertshofer (Associate — Banking & Finance, Munich)
Carina Park (Associate — Tax Law, Frankfurt)
Furthermore, lawyers from the US offices as well as from London and Leeds, UK, advised on this challenging transaction.
About Reed Smith
Reed Smith is one of the leading international law firms with more than 1,700 lawyers in 30 offices in Europe, the United States, the Middle East and Asia. For more information, visit www.reedsmith.com