Frankfurt a. Main — EMERAM Capital Partners has acquired the ]init[ AG, a leading provider of transformation services from Permira and HCOB acquired. Shearman & Sterling advised funds advised by Permira Debt Managers (PDM) and Hamburg Commercial Bank (HCOB) on the financing of the acquisition of ]init[ AG für digitale Kommunikation (]init[) by EMERAM Capital Partners,. Dirk Stocksmeier, Chief Executive Officer and founder of ]init[, will continue to hold a significant stake in the company.
]init[ AG für digitale Kommunikation, headquartered in Berlin, is one of Germany’s leading full-service providers for Internet and IT projects. The company employs over 500 people worldwide in the areas of online communications, IT services and data centers.
Consultant:
EMERAM was advised by Noerr (Legal & Tax), PwC (Financial), strategy& (Commercial), Quarton (Debt Advisory) and Willis (Insurance).
]init[ was advised by Drake Star Partners (Exclusive Financial Advisor) and TaylorWessing (Legal).
Permira and HCOB: The Shearman & Sterling team led by Partner Winfried M. Carli included Associates Andreas Breu and Martina Buller as well as Transaction Specialist Deniz Alkanli (all Germany-Finance). Hamburg Commercial Bank was advised on intercreditor issues by Dr. Matthias Weissinger (Germany-Finance).
About Shearman & Sterling
Shearman & Sterling is an international law firm with 23 offices in 13 countries and approximately 850 lawyers. In Germany, Shearman & Sterling is represented at the Frankfurt office. The firm is one of the international market leaders in advising on complex cross-border transactions. Worldwide, Shearman & Sterling primarily advises international corporations and large national companies, financial institutions, and large mid-sized companies. For more information, visit www.shearman.com.