P+P advises Elvaston on acquisition of Godesys AG
The entrepreneur-led private equity firm Elvaston Capital has acquired all shares in Godesys AG. Subsequently, Elvaston Capital consolidated the investment in Godesys AG with further recently acquired investments in the Step Ahead Group in Germering (near Munich) and the Swiss company Informing AG under the Step Ahead Group.
The new Step Ahead Group is thereby a merger of three medium-sized ERP software providers. They employ a total of 230 people and have approximately 1,800 customers in the DACH region. All three companies will continue to be active on the market under their company names. Some of the 29 locations in Germany, Austria and Switzerland will be consolidated.
The goal of the merger is to strengthen their competitiveness and to grow strategically through additional acquisitions. The Step Ahead Group plans to present itself as a partner for modern workplace concepts, mobile applications and solutions for the integration of industrial manufacturing processes using cloud computing.
Elvaston Capital specializes in acquiring medium-sized tech companies in the German-speaking region.
P+P Pöllath + Partners advised Elvaston on all legal and tax matters related to the acquisition of Godesys AG, as well as on the structuring of the new Step Ahead Group, with the following team:
- Dr. Tim Kaufhold (partner, M&A/private equity, Munich)
- Dr. Nico Fischer (partner, tax, Munich)
- Christine Funk (senior associate, M&A/private equity, Frankfurt)
- Dr. Sebastian Rosentritt (senior associate, M&A/private equity, Munich)
- Andrea Streifeneder (associate, M&A/private equity, Munich)
The seller was advised by attorney Thomas Clemm (partner, BNC tax and law firm).
P+P Pöllath + Partners advises Elvaston on a regular basis.
