Hg’s Acquisition of Majority Stake in Serrala

Hengeler Mueller advised Waterland on the transaction, while Latham & Watkins advised Hg.

Serrala, a globally leading software specialist for the automation of financial processes and B2B payments ,strengthens its shareholder base with a new majority investor.

Software investor Hg will be the new majority shareholder, while Waterland Private Equity (“Waterland”) as well as Serrala’s founder family and management team will retain significant stakes in the company.

Waterland joined forces with Serrala’s founder family in 2016 to accelerate the company’s growth. Since then, Serrala has evolved from a German SME into a global B2B fintech with offices in Europe, North America and Asia. Backed by the strengthened shareholder structure, the fintech intends to expand its cloud-based services further and secure additional market share in the sectors of financial automation and B2B payments.

The Hengeler Mueller team was led by partners Daniel Wiegand (Picture) and Elisabeth Kreuzer (both M&A) and included partners Matthias Scheifele (Tax), Daniel Möritz (M&A) (all Munich) and Christian Hoefs (Employment, Frankfurt), counsel Patrick Wilkening (IP/IT, Düsseldorf) and Sonnhild Draack (Employment, Frankfurt) as well as associates Isabella Stocks, Achim Spengler, Constantin Alexander Wegener, Jimena Janeiro Fong (all M&A, Munich), Selina Rohr (Employment), Sebastian Heinrichs, Sebastian Adam (both Tax), Henning Hilke (Financing) (all Frankfurt), Carsten Bormann (Public Law, Düsseldorf) and Sarah Milde (Antitrust, Munich).

The Latham team was led by Frankfurt private equity partner Oliver Felsenstein, with associate Maximilian Platzer, partner Susanne Decker, associates Sönke Bock, Ku-Hyun Baek, and Dominik Waldvogel. Advice was also provided on corporate matters by San Francisco counsel Arielle Singh, Düsseldorf associate Katharina Intfeld, Los Angeles associate Matthew Stern, and New York associates Julian Azran and Stephany Yang; on tax matters by Munich partner Stefan Süß and Hamburg associate Verena Seevers; on regulatory matters by Frankfurt counsel Thies Deike; on intellectual property matters by Frankfurt partner Susan Kempe-Müller and associate Pia Sösemann; on antitrust matters by Frankfurt partner Max Hauser, Hamburg counsel Jana Dammann de Chapto, and Frankfurt associate Nicolas Jung; on finance matters by Frankfurt partner Alexandra Hagelüken and counsel Cora Grannemann; on European banking matters by Frankfurt partner Axel Schiemann; on employment matters by Munich associates Kristina Steckermeier andChristian Strauß, New York associate Megan Alessi, and Chicago associate Laura Waller; on data security matters by Frankfurt associates Wolf-Tassilo Böhm, and Jonas Kraus, and Washington, D.C. associate James Smith; on litigation matters by Frankfurt counsel Mathias Fischer; and on compliance matters by Hamburg associate Stefan Bartz.

 

Involved fees earner: Sebastian Adam – Hengeler Mueller; Carsten Bormann – Hengeler Mueller; Sonnhild Draack – Hengeler Mueller; Sebastian Heinrichs – Hengeler Mueller; Henning Hilke – Hengeler Mueller; Christian Hoefs – Hengeler Mueller; Jimena Janeiro Fong – Hengeler Mueller; Elisabeth Kreuzer – Hengeler Mueller; Sarah Milde – Hengeler Mueller; Daniel Möritz – Hengeler Mueller; Selina Rohr – Hengeler Mueller; Matthias Scheifele – Hengeler Mueller; Achim Spengler – Hengeler Mueller; Isabella Stocks – Hengeler Mueller; Constantin Alexander Wegener – Hengeler Mueller; Daniel Wiegand – Hengeler Mueller; Patrick Wilkening – Hengeler Mueller; Megan Alessi – Latham & Watkins; Julian Azran – Latham & Watkins; Ku-Hyun Baek – Latham & Watkins; Stefan Bartz – Latham & Watkins; Sönke Bock – Latham & Watkins; Wolf-Tassilo Böhm – Latham & Watkins; Jana Dammann de Chapto – Latham & Watkins; Susanne Decker – Latham & Watkins; Thies Deike – Latham & Watkins; Oliver Felsenstein – Latham & Watkins; Mathias Fischer – Latham & Watkins; Cora Grannemann – Latham & Watkins; Alexandra Hagelüken – Latham & Watkins; Sebastian Max Hauser – Latham & Watkins; Katharina Intfeld – Latham & Watkins; Nicolas Andreas Jung – Latham & Watkins; Susan Kempe-Mueller – Latham & Watkins; Jonas Kraus – Latham & Watkins; Maximilian Platzer – Latham & Watkins; Axel Schiemann – Latham & Watkins; Verena Seevers – Latham & Watkins; Arielle Singh – Latham & Watkins; James Smith – Latham & Watkins; Pia Sophie Sösemann – Latham & Watkins; Kristina Steckermeier – Latham & Watkins; Matthew Stern – Latham & Watkins; Christian Strauß – Latham & Watkins; Stefan Süss – Latham & Watkins; Dominik Waldvogel – Latham & Watkins; Laura Waller – Latham & Watkins; Stephany Yang – Latham & Watkins;

Law Firms: Hengeler Mueller; Latham & Watkins;

Clients: Hg Capital; Waterland Private Equity;

Author: Federica Tiefenthaler