Ashurst advised Credit Suisse (Schweiz) AG (Credit Suisse) and Patrimonium Asset Management AG (Patrimonium) on the financing of the acquisition of a majority stake in MT by Waterland Private Equity (Waterland). The parties have agreed not to disclose the terms and conditions of the financing.
Waterland is entering into a partnership with IT specialist MT. Joint objectives are increased growth and a further strengthening of the market position, among others. The shareholders and top managers will remain significantly invested, with the top managers continuing to serve as operational management.
MT with headquarters in Ratingen, Germany, is a leading specialist for customised IT and software systems as well as analytics solutions with over 300 employees at 5 locations in Germany. The company serves more than 125 medium-sized companies as well as major customers from all industries and supports them as an innovative solution partner for shaping the digital future. The independent private equity investment group Waterland manages more than €10bn of investor commitments and has made investments in over 950 companies to date. Waterland has extensive experience in the IT and software market.
The Ashurst team was led by partner Anne Grewlich and counsel Dr Philipp Vorbeck. They were assisted by associate Sascha Lotholz as well as transaction lawyers Mohana Knipp and Angela Sieling (all Global Loans, Frankfurt).
Ashurst's German banking and finance practice advises both banks and alternative lenders, private equity investors and companies on domestic and cross-border acquisition, real estate, asset and infrastructure / project finance as well as on financial restructuring and corporate lending.
