DLA Piper advises insightsoftware on the acquisition of IDL Group

DLA Piper has advised US-based insightsoftware, a portfolio company of TA Associates and Genstar Capital, on the acquisition of the German financial performance management software provider IDL Group from LEA Partners.

The acquisition of IDL will expand insightsoftware's financial consolidation and close expertise in market-specific needs for Germany, Austria and Switzerland, and will also strengthen insightsoftware's presence and customer base in Europe. The closing of the transaction is subject to regulatory approval.

IDL Group specializes in the development of software solutions and offers a financial performance management suite, including software solutions for financial consolidation, planning, reporting, and analytics, serving a diverse range of industries. IDL is headquartered in Germany with subsidiaries in Austria, France and Switzerland.

US-based insightsoftware is a global provider of enterprise software solutions for the Office of the CFO. Over 25,000 organizations worldwide rely on insightsoftware’s portfolio of reporting, analytics, budgeting, forecasting, consolidation and tax solutions.

The DLA Piper Corporate team in Germany was jointly led by partner Dr Benjamin Parameswaran as well as counsels Dr Isaschar Nicolaysen and Dr Philipp Clemens, assisted by senior associates Friederike Rickers and Diedrich Schröder (all Corporate, Hamburg). In addition, IPT partners Jan Pohle (Cologne), Dr Burkhard Führmeyer (Frankfurt) and Verena Grentzenberg (Hamburg) as well as partners Semin O (Antitrust, Frankfurt), Lars Reubekeul (Real Estate, Munich), Dr Wolfram Distler (Finance, Frankfurt) and Dr Kai Bodenstedt (Employment, Hamburg) also advised on the transaction. Further involved were counsels Sergej Bräuer (Antitrust, Frankfurt), Dr Thorsten Ammann (IT/Data Protection, Cologne) and Dr Thilo Streit (Regulatory, Cologne) as well as senior associates France Vehar (IPT, Cologne), Nils Grunicke (Employment, Hamburg), Michael Ziegaus (Real Estate, Munich), Miray Kavruk (IPT, Frankfurt) and associates David Schele (Data Protection, Hamburg), Dr. Deborah Fink (Regulatory, Cologne), Ilgin Ayhan (Finance, Frankfurt), Natalie Downar (IPT, Cologne) and Rene Rosenau (Insurance, Cologne). The DLA Piper’s German team worked alongside Corporate partner Elisabeth Stichmann in Austria, Employment partner Philippe Danesi in France and Corporate partner Thomas Loher from Thouvenin in Switzerland. In the US, insightsoftware was advised by Corporate partner Bradley Gersich.