Armira’s Acquisition of Salesfive

Milbank LLP advised Investec Bank plc andthe founders and shareholders of Salesfive on the deal. Shearman & Sterling advised Armira on the financing of the acquisition.

Investec Bank plc acted as lender on the financing of Armira’s acquisition of a majority stake in Salesfive Group, a leading digital transformation consultancy. The new debt financing includes a Term Loan B facility and a revolving credit facility.

Salesfive is a holistic digitization partner for companies of all sizes with extensive expertise and know-how in all Salesforce clouds. Headquartered in Munich, the company has five locations and is one of the top five full-service Salesforce partners in the DACH region with more than 600 customers and over 750 projects.

Armira is a holding group focused on equity investments between €20 million to €200 million in market-leading medium-sized “Mittelstand” businesses in Germany, Austria and Switzerland (DACH).

The Milbank Team advising Investec Bank included Barbara Mayer-Trautmann (Picture), Jennifer Seipelt (joint lead) and Silvia Lengauer (all Finance, Munich).

The Milbank team, advising the founders and shareholders of Salesfive, was led by partner Michael Bernhardt and associate Sebastian Dexheimer (both Corporate/M&A, Frankfurt) and included partner Matthias Schell (Tax, Munich) as well as the associate Viviane Opitz (Corporate/M&A, Frankfurt).

Shearman & Sterling advised Armira with a team led by partner Winfried M. Carli, with associates Andreas Breu and Daniel Wagner.

Involved fees earner: Barbara Mayer-Trautmann – Clifford Chance; Michael Bernhardt – Milbank LLP; Sebastian Dexheimer – Milbank LLP; Silvia Lengauer – Milbank LLP; Viviane Opitz – Milbank LLP; Matthias Schell – Milbank LLP; Jennifer Seipelt – Milbank LLP; Andreas Breu – Shearman & Sterling; Winfried Carli – Shearman & Sterling; Daniel Wagner – Shearman & Sterling;

Law Firms: Clifford Chance; Milbank LLP; Shearman & Sterling;

Clients: Armira; Investec Bank Plc; Salesfive;

Federica Tiefenthaler

Author: Federica Tiefenthaler