Latham & Watkins Advises 3i on Strategic Investment in xSuite

Latham & Watkins LLP has advised the international investor 3i Group plc (3i) on its investment in xSuite, a leading accounts payable process automation specialist focused on the SAP ecosystem. 3i will invest alongside the previous owners, funds advised by Pinova Capital GmbH and the management team, who are reinvesting in the business as minority shareholders.

The Latham team was led by Munich partner Rainer Traugott and Frankfurt partner Maximilian Platzer, with Munich associates Andreas Holzgreve, Julia Schöfer, and Philipp Gärtner; Frankfurt associate Dominik Waldvogel; and Düsseldorf associates Katharina Intfeld and Nikolaus Becker. Advice was also provided on finance matters by Frankfurt partner Alexandra Hagelüken, with associate Luca Brandi; on IT matters by Frankfurt partner Susan Kempe-Müller, with associate Pia Sösemann; on antitrust matters by Frankfurt partner Max Hauser, with Hamburg counsel Jana Dammann de Chapto, and Frankfurt associates Helena Hofmann and Victoria Pfaff; on data privacy matters by Frankfurt associate Wolf-Tassilo Böhm; on tax matters by Munich counsel Ulf Kieker; and on employment matters by Munich associate Kristina Steckermeier.