Walldorf — The investor group of LeanIX has sold the company to the Walldorf-based software group SAP. Sellers include investors such as Insight Partners, DTCP, Capnamic Ventures, Iris Capital, Dawn Capital and Goldman Sachs. The transaction is expected to close in the fourth quarter of 2023, subject to customary closing conditions and regulatory approvals. The parties have agreed not to disclose the terms of the transaction.
LeanIX was founded in 2012 by Jörg Beyer and André Christ in Bonn. The start-up is a global leader in enterprise architecture management (EAM) and offers a cloud platform that enables customers to gain visibility into their IT systems, which is also a prerequisite for modernizing their own information technology.
With the planned acquisition, SAP aims to expand its product portfolio and help customers more easily manage changes in the business environment and permanently improve business processes through LeanIX’s Saas offering. In addition, LeanIX recently launched an AI wizard to help companies leverage the potential of generative AI to manage IT landscapes.
Advisors to SAP: Allen & Overy
Led by partner Dr. Roman A. Kasten (Corporate/Private Equity, Frankfurt) and senior associate Linda Mayer (Corporate/M&A, Munich); the team also included partner Dr. Heike Weber (Tax Law, Frankfurt) as well as partner Dr. Börries Ahrens (Antitrust Law, Hamburg), senior associates Catharina Glugla (Data Protection), Anna Kräling (IP/IT, both Düsseldorf), Merle Herrmann (Labor Law, Hamburg) and associate Veronika Gaile (Corporate/M&A, Frankfurt).
Also advising were partner Dr. Alexander Veith (Corporate/M&A, Munich), counsel Dr. René Galle (Antitrust, Hamburg), Dr. Stephan Bühner (FDI), Dr. Manuel Köchel (Tax, both Frankfurt), Henriette Hermann, (Antitrust, Hamburg), Katharina Jünemann (IP/IT), Pascal Yves Schroeder (Data Protection, both Düsseldorf), Mert Guelmez (Antitrust, Hamburg), Hendrik Slabsche (Corporate/Private Equity, Frankfurt), the Transaction Support Lawyer Corvin Kieselhorst (Corporate/M&A, Munich) and Laura Thiel (Corporate/M&A, Frankfurt) as well as the Transaction Officers Lotte Dillen (Corporate/M&A, Frankfurt) and Sophia Merkl (Corporate/M&A, Munich).
In addition, Allen & Overy lawyers from the USA, UK, France, Netherlands, Turkey, Italy, Poland, Spain, Luxembourg, Australia, Belgium and Hungary advised.
Rojs, Peljhan, Prelesnik & Partners, Slovenia, acted as partner law firm.
Advisor Dawn Capital: YPOG
Dr. Benjamin Ullrich (Lead, Transactions), Partner, Berlin Tobias Lovett (Transactions), Senior Associate, Berlin Farina Weber (Transactions), Associate, Berlin
About Dawn Capital
Dawn Capital is Europe’s largest specialized B2B software investor. The company partners with innovative companies that can become category-defining global titans through exceptional teams, products and business models. Dawn is an early-stage investor that supports Series A and B companies and funds the best-performing companies through growth rounds to exit. In B2B software, Dawn focuses on four areas: Data and Analytics, Security, Fintech, and the Future of Work. Previous investments have included the likes of Mimecast and iZettle, while current investments include some of Europe’s leading software companies such as Collibra, Showpad, Dataiku, Templafy, Quantexa, Garrison and Tink.