DEDIQ’s Joint Venture With SAP

Latham & Watkins LLP and Poellath advised Dediq GmbH on the deal.

Dediq GmbH (DEDIQ) closed its strategic partnership with SAP. As part of this joint venture, the two companies will jointly expand and further develop SAP’s financial services and insurance portfolio with a significant investment in new industry specific solutions. Pending regulatory approval, DEDIQ and SAP will form a dedicated Financial Services Industry (FSI) Unit for this purpose, which will be jointly owned by the two companies. Both DEDIQ and SAP will provide the FSI Unit with the funding, technology, and development expertise, as well as a broad network of partners necessary to rapidly establish the joint venture as a major force in the IT market. DEDIQ will invest more than 500 million Euro in the FSI Unit. Pending antitrust approval, the new FSI Unit is expected to be in place in the second half of 2021. Corresponding preparations are scheduled to start in the coming weeks.

DEDIQ is an entrepreneurial investor focused on information technology and digital businesses. DEDIQ works together with its portfolio companies to create exceptional products and services. Each DEDIQ investment is set up separately, independently and with an unlimited time horizon. The company is based in Munich.

Latham represented DEDIQ with a team led by Munich corporate partner Sebastian Pauls (Picture), with Frankfurt intellectual property partner Susan Kempe-Müller, corporate counsel Christina Mann and regulatory counsel Thies Deike, with the support of corporate associates Sönke Bock, Sophia Probst, Munich associates Thomas Diekmann and Julia Schöfer, and Frankfurt associate Pia Sösemann. Advice was also provided on employment matters by Munich partner Anne Kleffmann and associate Kristina Steckermeier; on antitrust matters by Frankfurt partner Max Hauser and associate Alisia Haber; on tax matters by Munich partner Stefan Süß and Hamburg associate Verena Seevers, on data security matters by Frankfurt associate Wolf-Tassilo Böhm.

The Poellath team included Christian Tönies (partner, lead, M&A, private equity, Munich/Berlin), Dr. Nico Fischer (partner, tax, Munich), Daniel Wiedmann (associated partner, antitrust law, Frankfurt), Dr. Sebastian Gerlinger (counsel, M&A, private equity, Munich/Berlin), Dr. Philip Mostertz (senior associate, private funds, Berlin), Markus Döllner (senior associate, M&A, private equity, Munich) and Dr. Stefan Weinberger (associate, tax, Frankfurt).

Involved fees earner: Sönke Bock – Latham & Watkins; Wolf-Tassilo Böhm – Latham & Watkins; Thies Deike – Latham & Watkins; Thomas Diekmann – Latham & Watkins; Alisia Maria Haber – Latham & Watkins; Sebastian Max Hauser – Latham & Watkins; Susan Kempe-Mueller – Latham & Watkins; Anne Kleffmann – Latham & Watkins; Christina Mann – Latham & Watkins; Sebastian Pauls – Latham & Watkins; Sophia Probst – Latham & Watkins; Julia Schöfer – Latham & Watkins; Verena Seevers – Latham & Watkins; Pia Sophie Sösemann – Latham & Watkins; Kristina Steckermeier – Latham & Watkins; Stefan Süss – Latham & Watkins; Markus Döllner – P+P Pöllath + Partners; Nico Fischer – P+P Pöllath + Partners; Sebastian Gerlinger – P+P Pöllath + Partners; Philip Mostertz – P+P Pöllath + Partners; Christian Tönies – P+P Pöllath + Partners; Stefan Weinberger – P+P Pöllath + Partners; Daniel Wiedmann – P+P Pöllath + Partners;

Law Firms: Latham & Watkins; P+P Pöllath + Partners;

Clients: Dediq;

Author: Federica Tiefenthaler