Arqis has advised Brainloop AG on the sale
ARQIS has advised on the sale of Brainloop AG (“Brainloop”), the leading supplier of virtual data room software used within enterprises for high-security collaboration on confidential documents, as in the case of Supervisory Board communication, to Diligent Corporation (“Diligent”). Diligent is the leading provider of enterprise governance management solutions and secure board collaboration solutions. The purchase price has not been disclosed.
Headquartered in Munich, Brainloop will become Diligent’s continental European hub and will continue to be led by its current management team, including Chief Executive Officer Thomas Deutschmann and Chief Technology Officer Eike Schmidt. Founded in 2000, Brainloop today serves thousands of users on six continents, including a number of blue-chip European corporations. As part of Diligent, Brainloop will continue to operate as an independent company and serve its clients under the Brainloop brand. Diligent is the leader in Enterprise Governance Management and over 14,000 clients in more than 90 countries and on all seven continents rely on Diligent and its Governance Cloud offering for secure distribution of board materials, as well as secure messaging, integrated compliance, board evaluation and entity management.
Willkie Advised Diligent in the transaction with a team including Gordon Caplan (Picture), Stefan Jörgens, Morgan Elwyn, David Tarr, Bettina Bokeloh, and Andreas Feith.
ARQIS Rechtsanwälte advised Brainloop with a team including Christoph von Einem (Corporate/M&A; Munich), Christof Schneider (stock corporation law; Düsseldorf), Marcus Nothhelfer (IP; Munich); Associates: Mauritz von Einem (Corporate/M&A und tax law), Elisabeth Falterer (Corporate/M&A), Philipp Maier (IP & Commercial), Markus Schwipper (employment law; all Munich) and Malte Griepenbrug (stock corporation law; Düsseldorf)
Involved fees earner: Christoph von Einem – Arqis; Christof Alexander Schneider – Arqis; Elisabeth Falterer – Arqis; Malte Griepenbrug – Arqis; Marcus Nothhelfer – Arqis; Philipp Maier – Arqis; Mauritz von Einem – Arqis; Markus Schwipper – Arqis; Gordon Caplan – Willkie Farr & Gallagher; Stefan Jörgens – Willkie Farr & Gallagher; Morgan Elwyn – Willkie Farr & Gallagher; Andreas Feith – Willkie Farr & Gallagher; David Tarr – Willkie Farr & Gallagher; Bettina Bokeloh – Willkie Farr & Gallagher;