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11 November 20205 minute read

DLA Piper advises BearingPoint on sale of RegTech Unit to Nordic Capital

DLA Piper has advised BearingPoint on the sale of its independent Regulatory Technology (RegTech) unit to leading private equity investor Nordic Capital as part of a share deal. The closing of the transaction with Nordic Capital is subject to customary regulatory approvals. The financial terms of the transaction were not disclosed.

The transaction is the result of a strategic process to enable accelerated growth for the RegTech unit as a software company with specialized professional and managed services along the regulatory value chain. BearingPoint will continue to serve as a strategic consulting partner and will retain a minority stake in RegTech.

RegTech is a leading international provider of innovative solutions in regulatory and risk technology, tax technology and services for regulatory reporting along the regulatory value chain. Through close contact with supervisory authorities and as a member of key standardization committees, RegTech is actively involved in preparing and developing regulatory standards. With more than 25 years’ experience in the business, RegTech is firmly established as a market leader in Europe.

BearingPoint is a globally leading independent management and technology consultancy with a consulting network of more than 10,000 people that supports clients in over 70 countries. The company operates in three business units: The first unit covers the advisory business with a clear focus on five key areas to drive growth across all regions. The second unit provides IP-driven managed services beyond SaaS and offers business critical services to its clients supporting their business success. The third unit provides the software for successful digital transformation and regulatory requirements. It is also designed to explore innovative business models with clients and partners by driving the financing and development of start-ups and leveraging ecosystems.

The DLA Piper team was led by partner Dr Thomas Schmuck assisted by senior associate Dr Christian Marzlin. The wider team included partners Andreas Füchsel (all Corporate/M&A), Dr Marie-Theres Rämer (Tax, all Frankfurt), Jan Pohle (IPT), Prof Dr Ludger Giesberts (Lit&Reg, both Cologne) and Semin O, counsel Sergej Bräuer (both Antitrust, Frankfurt), Dr Thilo Streit (Lit&Reg) and Dr Thorsten Ammann (IPT, both Cologne), senior associates Niklas Mangels, Philipp Groll (both Corporate/M&A), Miray Kavruk (all Frankfurt) and France Vehar (Cologne, both IPT) as well as associates Philipp Meyer (Corporate/M&A, Frankfurt ) and Andreas Rüdiger (IPT, Cologne). DLA Piper teams from the UK, Ireland, the Netherlands, Austria, Finland, Sweden and Romania also provided advice on the transaction.

The BearingPoint in-house legal team was led by Dr Andreas Schöpperle (Group General Counsel) and Rainer Schöner (Senior Counsel). The M&A team in BearingPoint’s Capital business unit, under the leadership of Patrick Palmgren, managed the transaction together with Andreas Flach (BearingPoint Chief Financial Officer).