November 09, 2020
Latham & Watkins LLP has advised Hg on the
sale of Eucon. The purchaser is VHV Vereinigte Hannoversche Versicherung a.G.
The parties have agreed not to disclose the financial details.
Eucon is a leading provider of best-in-class
information and data-based systems for efficient product management in the
automotive aftermarket. Customers include all relevant car manufacturers and
suppliers, as well as a variety of workshop chains. For insurers, Eucon
digitalizes claims management and is one of the market leaders for digital
platform solutions for data and document processing. In addition, Eucon offers
digital solutions for the real estate industry for efficient and transparent
Hg is Europe’s leading software investor.
Based in London, Munich and New York, Hg has over USD 30 billion funds under
management, for some of the world's leading institutional and private
A team led by private equity partner Oliver
Felsenstein advises Hg regularly on transactions, most recently on the
acquisition of a majority stake in F24 in July this year.
Latham advised Hg in the transaction with a
team led by Frankfurt partner Oliver Felsenstein, with counsel Christina Mann
and associates Ku-Hyun Baek, Sophia Probst. Advice was also provided on tax
matters by Munich partner Stefan Süß and associate Verena Seevers, on antitrust
matters by Brussels partner Sven Völcker, Frankfurt partner Max Hauser and
associate Anne Haas and legal analyst Mirko Töpfer.