DLA Piper advised Keensight Capital on the acquisition of Onventis
DLA Piper advised Keensight Capital on the acquisition of Onventis
DLA Piper has advised Keensight Capital in acquiring Onventis, a major provider of cloud-based procurement solutions for SMEs across the DACH region, Benelux, and Scandinavia, from Main Capital Partners, which had invested in Onventis in 2019.
Keensight Capital is to back Onventis in its growth as an international mid-market SaaS leader, with the full management team remaining on board and investing alongside Keensight.
Onventis, based in Stuttgart, Germany, has been providing cloud-based solutions for the digital transformation of purchasing and finance processes since 2000. Its network comprises over 1,000 companies worldwide, handling an annual procurement volume of over €10 billion with more than 50,000 suppliers.
Keensight Capital is a prominent European growth buyout firm that has been making long-term investments in profitable companies with high growth potential and revenues ranging between €10 million and €400 million for more than 20 years.
DLA Piper's Lars Jessen and Sebastian Decker, partners in Corporate/M&A in Frankfurt and Hamburg, respectively, led the team advising Keensight Capital on the acquisition of Onventis.
The team also included Dr. Konrad Rohde and Martin Heinsius, partners in Tax in Frankfurt, as well as senior associates Anne-Kathrin Hoppe, Friederike Rickers, and Sophie von Mandelsloh in Corporate/M&A in Hamburg, and Sven Bischoff in Tax, and associate Daniel Osmanovic in Corporate/M&A, both based in Frankfurt.
DLA Piper's team comprised a large group of lawyers across multiple practice areas. The team also included partners Dr. Henriette Norda (Employment, Hamburg), Semin O (Antitrust, Frankfurt), Verena Grentzenberg (Data Protection, Hamburg), Lars Reubekeul (Real Estate), Dr. Jan Geert Meents (IT, both Munich), Dr. Burkard Führmeyer (IPT), Dr. Wolfram Distler (Finance), Dr. Thomas Schmuck (Corporate/M&A), counsel Dr. Raimund Behnes (Tax, all Frankfurt), Dr. Thilo Streit (Public Commercial Law, Cologne), Miray Kavruk (IPT, Frankfurt), Lukas Weidner (Real Estate), Silke Goschler, Dr. Susanne Weckbach (both Commercial, all Munich), the senior associates Jan Schürmann (Corporate/M&A, Hamburg), Pascal Hornstein (Tax, Frankfurt), Dr. Katharina Fischer (Employment, Hamburg), Dr. Holger Kastler (IT, Munich), Patrick Reuter (Finance), Ina Fey (Antitrust, both Frankfurt) as well as the associates Dr. Pia Dorn (Public Commercial Law, Cologne), Caroline Huber (Antitrust Law, Frankfurt), Ekaterina Filikhina (IT, Munich), David Schele (Data Protection, Hamburg), Sindy Martin (Finance, Frankfurt) and Vincent Wehner (Real Estate, Munich).
Additionally, an international team from the DLA Piper offices in Sweden, the Netherlands, and Austria advised on the transaction.
Paul Hastings, Paris, advised on French law and structuring aspects of the transaction. The Paul Hastings team included Olivier Deren, Allard de Waal, Vincent Nacinovic, and Alban Castarède.
