ECM invests in YellowFox
Deloitte Legal advises on the sale of YellowFox GmbH to a ECM/German Equity Partners private equity funds and the re-investment by the founders and management.
A Deloitte Legal team led by Düsseldorf-based corporate/M&A lawyers Michael von Rüden (Partner) and Thilo Hoffmann (Counsel, both in the lead) advised HM3T GmbH and its shareholders on the sale of the Dresden-based telematics company YellowFox GmbH to a private equity fund managed by ECM.
Within the framework of the transaction, the management and the previous shareholders of YellowFox re-invested in the acquiring company, thereby ensuring their continued participation, which was essential for all parties involved.
Together, the partners want to drive the further growth of YellowFox, especially in the segment of modular, cloud-based SaaS software solutions for digital fleet and property management, innovative telematics solutions and other innovations, acquire new customers and expand distribution partnerships.
In the implementation of the project, the Deloitte Legal team was able to draw on the expertise gained in the course of accompanying a large number of transactions from the IT and tech environment, allowing them contributing to a successful course of the project for all parties involved.
The close cooperation with colleagues from BSKP and Deloitte Tax as well as the Berlin M&A advisor CARL facilitated comprehensive interdisciplinary advice on all commercial, legal and tax aspects essential to the transaction.
Advisors to HM3T / HM3T-Shareholders:
Deloitte Legal (Legal and Structuring): Dr Michael von Rüden (Partner), Thilo Hoffmann (Counsel) (both Corporate | M&A, Düsseldorf, Lead)
BSKP (Legal): Christian Franz (Dresden)
CARL (M&A): Felix Engelhardt (Head of M&A), Guglielmo Balzola (Senior Analyst) (beide Berlin)
Deloitte (Tax): Clemens Petersen (Partner, Frankfurt)
Advisors to ECM/German Equity Partners:
Taylor Wessing (Legal), Flick Gocke Schaumburg (Structuring), Codex (Market Due Diligence), Ebner Stolz (Finance & Tax), Code & Co (IT) and Willis Towers Watson (Insurance)
YellowFox (https://www.yellowfox.de/) was founded in 2003 and provides telematics solutions for a wide range of industries, vehicle types and company sizes. Its business activities include the production and distribution of telematics systems for vehicle tracking and for purposes of tachymeter data management, mobile time recording, activity records, order management and navigation, consumption and driving style analyses, automatic expense reports, electronic forms and driver's license control. The company employs about 70 employees. With ECM, a strategic partner has joined YellowFox for further strong growth.