Deloitte Legal advises HANNOVER Finanz on the acquisition of a minority interest in Appmatics GmbH

A Hanover-based Deloitte Legal team led by Corporate/M&A partners Dr. Harald Stang and Dr. Maximilian Habel has advised HANNOVER Finanz on the acquisition of a minority stake in the digital quality assurance expert Appmatics GmbH.

HANNOVER Finanz has acquired a 40 percent stake in Appmatics GmbH as part of a growth financing deal. The two founders and managing directors of Appmatics GmbH, Christian Groebe and Ayk Odabasyan, retain a total stake of 60 percent and will continue to develop Appmatics together with HANNOVER Finanz.

The Hanover-based private equity house HANNOVER Finanz has for years regularly relied on the expertise of the Deloitte Legal team in Hanover, as proven by numerous transactions involving PE investors and medium-sized companies, such as the investment of HANNOVER Finanz in the portfolio companies First Climate AG, Hübers Verfahrenstechnik Maschinenbau GmbH and Kretz + Wahl GmbH & Co. KG. In the Appmatics transaction, the Deloitte Legal team was engaged to perform a legal due diligence, in the areas of corporate law, labor law, commercial law and IP/IT.

Advisors HANNOVER Finanz:

Inhouse: Dr. Christina Silberberger (General Counsel/Partner; lead)

Deloitte Legal: Dr. Harald Stang (Partner, Corporate/M&A), Dr. Maximilian Habel (Partner, Corporate/M&A), Johannes Passas (Partner, Commercial), Laura Vaske (Senior Associate, Commercial), Julia Meyer (Associate, Commercial), Dr. Charlotte Sander (Partner, Labor Law), Claus Wilker (Counsel, Labor Law), Anna Mafalda Bock (Senior Associate, Labor Law), all Hannover

About HANNOVER Finanz
HANNOVER Finanz, founded in 1979, has more than 40 years of experience and is in great demand as an equity capital partner for medium sized enterprises. The private equity house based in Hanover and with an office in Vienna was one of the first venture capitalists in Germany and the German-speaking region. It is a second generation owner-managed investment company. Well-known businesses such as Fielmann, Rossmann and AIXTRON have achieved their growth with equity capital from HANNOVER Finanz and have taken advantage of the entrepreneurial support provided. Since its foundation, the equity capital partner for medium sized companies has completed over 250 projects and invested more than two billion euros. The reasons for investment are mainly to finance growth and corporate succession in sound medium sized businesses with annual sales of at least 20 million euros. The HANNOVER Finanz Group is one of the few private equity houses in Germany to take on minority as well as majority shareholdings. The portfolio currently comprises 35 companies.

About Appmatics
On behalf of customers such as Eurowings, BVG, Aktion Mensch, Deutsche Bahn, Duden, Springer Fachmedien, TUI and WetterOnline, Appmatics tests digital products for function, usability and performance. In addition to manual and automated functionality tests, the service portfolio also includes user experience/user interface (UI/UX) tests as well as holistic quality assurance consulting for development departments. Since 2014, the company has already written over 75,000 customer tickets in more than 450 projects, reaching over 60 million users of digital products. Appmatics has grown rapidly since its founding and now employs more than 250 people.