Hg’s Acquisition of Majority Stake in AUVESY

Latham & Watkins LLP advised Hg on the deal, while Poellath advised Brockhaus Private Equity.

Hg executed its investment in AUVESY GmbH (AUVESY). As part of the transaction, the AUVESY management team will maintain a significant investment in the business whilst the former majority owner Brockhaus Private Equity has fully exited its position. The terms of the transaction have not been disclosed and the transaction is subject to completion.

Founded in 2007 and headquartered in Germany, AUVESY is a global leader for data man-agement systems and a provider of version control software for smart production machinery and other industrial Internet of Things (“IoT”) devices. AUVESY manages over 5 million in-dustrial IoT devices across 45 countries, serving over 700 customers.

Hg is Europe’s leading software investor. Based in London, Munich, and New York, Hg has over USD 30 billion funds under management, for some of the world’s leading institutional and private Investors.

Latham advised Hg on the transaction with a team led by Frankfurt private equity partner Oliver Felsenstein (Picture), with associate Maximilian Platzer, partner Susanne Decker, associate Sophia Probst, and Munich associate Andreas Holzgreve. Advice was also provided on tax matters by Munich partner Stefan Süß and Hamburg associate Verena Seevers, on antitrust matters by Frankfurt partner Max Hauser and Hamburg counsel Jana Dammann de Chapto, on employment matters by Munich partner Anne Kleffmann and associate Christian Strauß, on regulatory matters by Frankfurt counsel Thies Deike, on intellectual property matters by associate Pia Sösemann, on data security matters by associate Wolf-Tassilo Böhm, and on finance matters by associate Martina Eisgruber. In addition, Washington, D.C. counsel Kieran Dickinson, Chicago associate Owen Alexander, and Shanghai associate Jennifer Xu provided advice on corporate matters, while Chicago associate Laura Waller advised on employment matters.

The Poellath team was led by Tobias Jäger and further included Philipp von Braunschweig, Dr. Benedikt Hohaus, Dr. Nico Fischer, Dr. Jens Linde, Daniel Wiedmann, Andrea Streifeneder, Dr. Matthias Meier and Johanna Scherk.

Involved fees earner: Owen Alexander – Latham & Watkins; Wolf-Tassilo Böhm – Latham & Watkins; Jana Dammann de Chapto – Latham & Watkins; Susanne Decker – Latham & Watkins; Thies Deike – Latham & Watkins; Kieran Dickinson – Latham & Watkins; Martina Eisgruber – Latham & Watkins; Oliver Felsenstein – Latham & Watkins; Sebastian Max Hauser – Latham & Watkins; Andreas Holzgreve – Latham & Watkins; Anne Kleffmann – Latham & Watkins; Maximilian Platzer – Latham & Watkins; Sophia Probst – Latham & Watkins; Verena Seevers – Latham & Watkins; Pia Sophie Sösemann – Latham & Watkins; Christian Strauß – Latham & Watkins; Stefan Süss – Latham & Watkins; Laura Waller – Latham & Watkins; Nico Fischer – P+P Pöllath + Partners; Benedikt Hohaus – P+P Pöllath + Partners; Tobias Jäger – P+P Pöllath + Partners; Jens Linde – P+P Pöllath + Partners; Matthias Meier – P+P Pöllath + Partners; Johanna Scherk – P+P Pöllath + Partners; Andrea Streifeneder – P+P Pöllath + Partners; Philipp von Braunschweig – P+P Pöllath + Partners; Daniel Wiedmann – P+P Pöllath + Partners;

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

Clients: Brockhaus Private Equity; Hg Capital;

Author: Federica Tiefenthaler