BaFin approves for the first time unpaid equity commitment as a Tier 2 ancillary own-fund item, creating a cash-efficient alternative to group-internal own-fund financing
17 May 2024
Blitz 22-449 SE, a holding company controlled by funds managed or advised by global technology investment firm Silver Lake has announced its decision to make a voluntary public takeover offer for all no-par value registered shares of Software Aktiengesellschaft. The Company’s Management Board and the Supervisory Board of Software AG support the expansion of the strategic partnership and, subject to their fiduciary duties, intend to recommend that shareholders accept the takeover offer.
Silver Lake has in this context entered into a share purchase agreement with Software AG - Stiftung to acquire a stake of 25.1% of all outstanding Software AG shares.
Hengeler Mueller advises Silver Lake as transaction counsel.
Hengeler Mueller team for Silver Lake
Corporate/M&A: Martin Ulbrich, Oda Christiane Goetzke (both lead), Maximilian Schiessl, Bernd Wirbel (all partners), Matthias Cloppenburg, Caspar Haarmann (both counsel, all Dusseldorf), Clemens Höhn (associate, Berlin), Grigory Bekritsky, Tim Jaeger, Susanne Marie Struth, Maxi Ludwig, Philipp Braun, Tim Fabian Walter, Christian Wienke (all associates, all Dusseldorf), Jacques Liebenberg (Secondee, Dusseldorf),
Finance: Henning Hilke, Nikolaus Vieten (both partners), Simon Tänzer (associate, all Frankfurt),
Tax: Matthias Scheifele (partner, Munich), Sebastian Adam (associate, Frankfurt),
FDI: Jan D. Bonhage (partner), Anton O. Petrov (associate, both Berlin),
Regulatory: Vera Jungkind (partner, Dusseldorf), Fabian Alexander Quast (partner, Berlin), Carolin Raspé (counsel, Munich), Andreas Puhl (associate, Berlin),
Antitrust: Thorsten Mäger (partner), Anja Balitzki (counsel, both Dusseldorf),
IP/IT: Matthias Rothkopf (counsel, Dusseldorf), Patrick M. Schmidt (associate, Frankfurt).
