Frankfurt am Main – Mayer Brown has advised DBAG Fund VII, which is advised by Deutsche Beteiligungs AG (DBAG), on its acquisition of akquinet AG (akquinet), a German IT service provider, and DBAG on the acquisition of two data processing centers in Hamburg in a parallel transaction. Both transactions are subject to regulatory approval and the parties have agreed not to disclose the purchase prices.
In a management buy-out (MBO) DBAG Fund VII, advised by DBAG, will acquire the shares of approximately 70 shareholders, including two company founders and akquinet employees. The board members and managing directors of the subsidiaries will retain a significant stake in akquinet.
Akquinet is an IT service provider headquartered in Hamburg. Established in 2002, akquinet now has more than 950 employees in Germany and Austria, and a turnover of around €140 million.
Deutsche Beteiligungs AG is a listed private equity company with assets under management or advisory of approximately €2.3 billion.
The Mayer Brown team was led by Corporate & Securities partners Dr. Julian Lemor and Dr. Robert John and included: Corporate & Securities – partners Dr. Ulrike Binder, Carlos Robles y Zepf (both Frankfurt) and Dr. Jan Streer (Düsseldorf), senior associate Anna-Lena Haggeney and associates Darius Mey, Dr. Joy Sievers and Julian Wantzen (all Frankfurt); Antitrust & Competition – partner Dr. Johannes Weichbrodt, senior associate Matthias Jannausch, and associate Teresa Gerhold; Intellectual Property – partner Christoph Crützen and associates Benjamin Beck, Maximilian Kücking (all Düsseldorf), Real Estate – counsel Elmar Günther, senior associate Benjamin Schulz and associate Christian Gerhards; Employment & Benefits – counsel Björn Vollmuth and senior associate Dr. Svenja Fries; Tax – partner Volker Junge, and Banking & Finance – associate Max Birk (all Frankfurt).