POELLATH advises management of thinkproject on the acquisition of majority stake by EQT

The transaction is still subject to regulatory approvals. Closing is expected by the end of the year.

Founded in 2000 and headquartered in Munich, thinkproject is a leading global provider of construction intelligence solutions and serves more than 250,000 users in over 60 countries. Its cloud-delivered, integrated digital solutions help customers to be more (cost) efficient and help to simplify their digital transformation across the construction lifecycle. The company employs around 450 people and its software is used by 2,750 customers across international private and public asset owners, project developers and general contractors.

As an investor EQT is specializing in growth-oriented companies. EQT is primarily active in Europe, Asia and North America and supports companies in their sustainable expansion in the market. EQT aims to accelerate thinkproject’s growth through a strong commitment towards sustainability and digitization, aims to support product extension, geographical expansion and consolidation of the fragmented construction software space.

POELLATH advised thinkproject’s management on all legal and tax matters with the following team:

• Dr. Benedikt Hohaus (partner, lead, private equity, management advice, Munich)
• Dr. Marco Ottenwälder (counsel, tax, Frankfurt)
• Johanna Scherk (associate, private equity, Munich)