Stuttgart/ Munich — The inves­tor Bregal Unter­neh­mer­ka­pi­tal has acqui­red a majo­rity stake in Theo­bald Soft­ware GmbH (“Theo­bald Soft­ware”). Foun­der and share­hol­der Patrick Theo­bald will with­draw from the manage­ment in the future, but will conti­nue to hold an inte­rest in the company. The closing of the tran­sac­tion is still subject to custo­mary regu­la­tory appr­ovals. The tran­sac­tion is expec­ted to close by the end of Febru­ary 2022. POELLATH advi­sed the manage­ment of Theo­bald Soft­ware in the context of the sale regar­ding the manage­ment participation.

Stutt­gart-based Theo­bald Soft­ware GmbH is a leading global provi­der of intel­li­gent inter­faces for the inte­gra­tion of SAP and non-SAP systems into Micro­soft envi­ron­ments and third-party systems for BI / Analy­tics as well as data­ba­ses, analy­tics plat­forms and cloud solu­ti­ons. From its five offices in Europe, the USA and Asia, the company serves over 3,500 custo­mers of all sizes and from all sectors, inclu­ding nume­rous medium-sized compa­nies and a large majo­rity of DAX-listed companies.

Bregal entre­pre­neu­rial capi­tal is part of a family busi­ness built over gene­ra­ti­ons. The invest­ment company focu­ses on compa­nies that have strong manage­ment teams and are conside­red market leaders or “hidden cham­pi­ons” in their respec­tive segments. Bregal and Theo­bald Soft­ware intend to jointly drive the company’s growth course succes­si­vely across addi­tio­nal target markets, inclu­ding through invest­ments in rese­arch and deve­lo­p­ment, in order to further expand its tech­no­logy leader­ship in the area of SAP interfaces.

POELLATH advi­sed the manage­ment of Theo­bald Soft­ware GmbH in the context of the tran­sac­tion regar­ding the manage­ment parti­ci­pa­tion with the follo­wing Munich team:
Dr. Bene­dikt Hohaus (Part­ner, Lead Part­ner, Manage­ment Participation/ Private Equity)
Silke Simmer, LL.M. (Senior Asso­ciate, Manage­ment Participation/ Private Equity)