Wolf Theiss, working with Simpson Thacher & Bartlett, Gorrissen Federspiel, and Hengeler Mueller, has advised Software AG on the carve-out and sale of its Super Integration Platform as a Service business to IBM. Binder Groesswang, working with Cravath, Swaine & Moore, advised IBM.
The transaction, valued at EUR 2.1 billion, closed on July 1, 2024.
Software AG focuses on developing enterprise software for business process management and big data analytics.
The Wolf Theiss team included Partners Horst Ebhardt, Richard Clegg, and Anna Rizova, Counsel Doris Buxbaum, Senior Associates Staniella Todorova, Yanitsa Radeva, Maria Nikolova, and Zhulieta Markova, and Associate Talliya Romanova.
The Binder Groesswang team included Partner Michael Kutschera, Senior Associate Roswitha Seekirchner, Associate Matija Bernat, and Legal Assistant Ivanna Zinko.
Editor's Note: After this article was published, Paksoy announced that it advised Software AG. The firm's team included Partner Nazli Bezirci and Senior Associate Melisa Sevinc Atilganer.
