Flex Capital’s Acquisition of Majority Stake in Marbis GmbH

Noerr has advised a credit consortium led by Kreissparkasse Biberach, Sparkasse Karlsruhe and Volksbank eG – Die Gestalterbank with the participation of other banks such as Frankfurter Sparkasse. CMS Germany and Shearman & Sterling advised Flex Capital.

Flex Capital, a private equity fund focusing on the tech mid-market, has acquired a majority stake in Nitrado (marbis GmbH), a game hosting and server software specialist. The parties agreed not to disclose details.

FLEX Capital is a private equity firm established in 2019 that invests in profitable and high-growth internet and software companies.

Marbis GmbH, which was founded in 2001 and is headquartered in Karlsruhe, Germany, operates under the brand name Nitrado, for example. With more than 70 employees, the company operates 8 data centres on 4 continents and reaches customers in 100+ countries.

The company is today the leading provider of game servers, cloud servers and application hosting, and has many years of experience with PC game server hosting as well as extensive expertise with hosting servers for PS4 and Xbox.

The Noerr team was led by Michael Schuhmacher and Dr Torsten Wehrhahn (Picture), and further included Pinar Turkac-Christmann, Dr Matthias Geurts and Robert Korndörfer.

The CMS team was led by Dr Jörg Zätzsch and Jesko Nobiling, and further included Dr Friedrich von Spee, Steffen König, Mariya Ivanova, Axel Dippmann, Dr Malte Grützmacher, Dr Huy Do Chi, Christian Schultz, Dr Sören Langner, Dr Martina Jentsch, Dr Rolf Hempel and Martin Cholewa.

Shearman & Sterling advised Flex Capital with partner Winfried M. Carli and associate Marius Garnatz.

Involved fees earner: Martin Cholewa – CMS Hasche Sigle; Axel Dippmann – CMS Hasche Sigle; Huy Do Chi – CMS Hasche Sigle; Malte Grützmacher – CMS Hasche Sigle; Rolf Hempel – CMS Hasche Sigle; Mariya Ivanova – CMS Hasche Sigle; Martina Jentsch – CMS Hasche Sigle; Steffen König – CMS Hasche Sigle; Sören Langner – CMS Hasche Sigle; Jesko Nobiling – CMS Hasche Sigle; Christian Schultz – CMS Hasche Sigle; Friedrich von Spee – CMS Hasche Sigle; Jörg Zätzsch – CMS Hasche Sigle; Matthias Geurts – Noerr; Robert Korndörfer – Noerr; Michael Schuhmacher – Noerr; Pinar Turkac – Noerr; Torsten Wehrhahn – Noerr; Winfried Carli – Shearman & Sterling; Marius Garnatz – Shearman & Sterling;

Law Firms: CMS Hasche Sigle; Noerr; Shearman & Sterling;

Clients: Flex Capital; Frankfurter Sparkasse; Kreissparkasse Biberach GmbH; Sparkasse Karlsruhe; Volksbank eG – Die Gestalterban;

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Federica Tiefenthaler

Author: Federica Tiefenthaler