Latham & Watkins LLP advised Hg, a leading software and services investor, on its strategic investment in LucaNet AG (LucaNet), an experienced German-headquartered financial consolidation and planning software business. Hg will invest a majority stake in the business alongside the current majority shareholders – Rolf-Jürgen Moll, Oliver Schmitz, and Dominik Duchon – who will maintain a substantial minority share and are eager to support the company in its next phase of growth. Terms of the transaction are not disclosed and closing is subject to customary regulatory approval.
The Latham team was led by Frankfurt partners Oliver Felsenstein and Maximilian Platzer, with associates Sönke Bock, Michele Maurice Stephan, Annika Bilics, Hendrik Ley and Lara Stelmach, Shanghai associates Vincent Jiang and Jennifer Xu and Paris associate Lorraine Dorval. Advice was also provided on tax matters by Munich partner Stefan Süß; on corporate matters by Düsseldorf counsel Sebastian Goslar; on IP/IT matters by Frankfurt counsel Thies Deike with associate Pia Sösemann; on real estate matters by counsel Sven Nickel; on regulatory matters by associate Alexander Wilhelm; on data privacy matters by associates Wolf-Tassilo Böhm and Jonas Kraus; on antitrust matters by Frankfurt partner Max Hauser with associates Anne Haas and Helena Hofmann; on finance matters by associate Anastasia Dressler; on litigation matters by partner Alena McCorkle and Hamburg associate Jan Sowula; on compliance matters by Hamburg counsel Stefan Bartz and on employment matters by Munich associate Kristina Steckermeier; on FDI matters by Paris partner Charles-Antoine Guelluy, Washington, D.C. counsel Ruchi Gill, Madrid counsel José María Alonso, London associate, Stephanie Adams, Milan Associate Edoardo Cassinelli and Beijing foreign legal consultant Eudora Hu.