Mayer Brown advised Asolvi, a portfolio company of Volpi Capital, on the acquisition of perform IT GmbH, the developer of the mySalesDrive.com software platform and leading optimization tool for the managed print and office equipment sectors. The acquisition includes perform IT’s subsidiary in the US. Mayer Brown advised on the legal aspects of the acquisition, including German and US law matters.
Asolvi, with its headquarters in Trondheim in Norway and offices in Germany, Sweden, the UK and France, is Europe’s leading provider of industry-specific field service management software. The company, perform IT, is Asolvi’s seventh acquisition since 2016 and its second in Germany in the last four months. Mayer Brown recently advised Asolvi also on the successful acquisition of TIVAPP GmbH, a leading German service provider in the field of fire protection and security technology.
Volpi Capital is a specialist mid-market private equity investor, with a focus on tech-enabled B2B software, data and services businesses across Northwest Europe. In 2019, Volpi Capital acquired Asolvi from Viking Venture which remains a minority investor.
The cross-border Mayer Brown team was led by partner Dr. Julian Lemor (Corporate, Frankfurt) and counsel Dr. Jan Streer (Corporate, Düsseldorf) and further included: Corporate & Securities – partner Rebecca Seidl (Houston) and associates Anne Bagdons (Frankfurt) and Stefania Alessi (Chicago), Intellectual Property – counsel Konstantin von Werder and senior associate Ana Bruder (both Frankfurt), Employment & Benefits – senior associate Pauline Moritz (Frankfurt).