TA Associates’s acquisition of think! project GmbH, a provider of cloud solutions for cross-enterprise collaboration on projects

Ashurst advised NIBC Bank Deutschland AG (NIBC) and SEB AG (SEB) on financing the acquisition of think! project GmbH (think!), a Germany-based provider of cloud solutions for cross-enterprise collaboration on projects, by private equity firm TA Associates.

think! was sold by its founder Thomas Bachmaier and SME-investor Walter Beteiligungen und Immobilien AG.

think project! offers a SaaS, multi-tenant platform used by more than 100,000 users across over 8,000 projects in 40 countries. think project! delivers a readily available and shapeable common data environment (CDE) for construction and engineering projects. think project! currently supports asset owners and general contractors across more than 20 sectors, including the energy and automotive industries, infrastructure and government projects.

The Ashurst team was led by finance partner Anne Grewlich (picture), assisted by associate Gabrielle Metherall, transaction lawyer Emilie Veyran-Müller and trainee solicitor Viktoria Grohmann (all finance, Frankfurt). Partner Holger Ebersberger and associate Nicole Kaps (both corporate, Munich) as well as partner Dr Martin Bünning (tax, Frankfurt) also advised.

Willkie Farr & Gallagher LLP has advised TA Associates on the deal with a team led by partner Mario Schmidt and national partner Axel Wahl and included partners Patrick Meiisel, Susanne Zuehlke and Jan Wilms; national partners Jasmin Dettmar, Bettina Bokeloh and Christian Rolf; special European counsel Nicolas Dominic Wolski; and associates Andreas Feith, Wolfgang Münchow, Stefan Bührle, Erik Göretzlehner, Lukas Nein, Christopher Clerihew and Philipp Heuser.

GCA Altium served as financial advisor and Noerr LLP served as legal counsel to think project!.

Involved fees earner: Axel Wahl – Willkie Farr & Gallagher; Mario Schmidt – Willkie Farr & Gallagher; Patrick Meiisel – Willkie Farr & Gallagher; Bettina Bokeloh – Willkie Farr & Gallagher; Nicolas Wolski – Willkie Farr & Gallagher; Susanne Zuehlke – Willkie Farr & Gallagher; Jan Wilms – Willkie Farr & Gallagher; Jasmin Dettmar – Willkie Farr & Gallagher; Christian Rolf – Willkie Farr & Gallagher; Anne Grewlich – Ashurst; Gabrielle Metherall – Ashurst; Emilie Veyran-Müller – Ashurst; Viktoria Grohmann – Ashurst; Holger Ebersberger – Ashurst; Nicole Kaps – Ashurst; Martin Bünning – Ashurst;

Law Firms: Willkie Farr & Gallagher; Ashurst;

Clients: TA Associates; NIBC Bank; SEB AG;