Frankfurt a. M./ Munich — Apax Digital, the growth capital arm of London-based financial investor Apax Partners has invested in Price f(x) AG (“Pricefx”). As part of the Series C financing round, Pricefx received additional capital of USD 65 million. The company has thus raised around USD 130 million in capital to date. The financing round was led by Apax Digital with participation from legacy investors. The Frankfurt and Munich offices of the international law firm Weil, Gotshal & Manges LLP advised Apax Digital on this transaction.
Founded in 2011 in Pfaffenhofen a.d. Glonn and operating globally in five locations, Pricefx is a global leader in cloud-based pricing models as “Software as a Service” and offers a comprehensive range of solutions. Pricefx will use the funding to expand and solidify its leading global market position as a cloud software platform, as well as to accelerate product innovation, expand its partner network and explore strategic acquisitions.
Advisor Apax Digital: Weil Gotshal & Manges
The Weil transaction team was led by Frankfurt-based Corporate Partner Dr. Kamyar Abrar (photo) and was supported by associates Thomas Weise, Aurel Hille, Steffen Giolda (all Corporate, Frankfurt), Mareike Pfeiffer (Labor Law, Frankfurt), Alisa Preissler (Tax, Frankfurt), Dr. Barbara Sandfuchs (IP/IT, Munich) and paralegal Kristina Thiel (Labor Law, Frankfurt).
Advisor Price (fx): Shearman & Sterling
Partner Dr. Alfred Kossmann, Counsel Annette Petow and Associates Dr. Aliresa Fatemi, Sven Oppermann and Denise Tayler (all Frankfurt M&A) and Partners Michael Dorf (San Francisco/Menlo Park M&A) and Larry Crouch (San Francisco/Menlo Park Tax).
About WEIL
Weil, Gotshal & Manges is an international law firm with more than 1,100 lawyers, including approximately 300 partners. Weil is headquartered in New York and has offices in Boston, Dallas, Frankfurt, Hong Kong, Houston, London, Miami, Munich, Paris, Beijing, Princeton, Shanghai, Silicon Valley and Washington D.C.