Addleshaw Goddard supports Banyan Software's expansion in the DACH region with acquisition of Immo-Office
International law firm Addleshaw Goddard has advised Banyan Software Group comprehensively on the acquisition of immo-portal-services GmbH and thus its market entry in Germany. With the acquisition, Banyan Software strengthens its market position in the DACH region and will continue its growth together with immo-office.
Founded in 2016 in Atlanta, USA, Banyan Software acquires successful enterprise software businesses with the aim to help it grow into the future as part of a buy-and-hold-for-life strategy. Banyan Software has locations in the US, Canada, the UK as well as in the DACH region.
Founded in 2009 and headquartered in Hamburg, immo-office offers innovative software solutions that digitize processes within the German housing sector, with a core focus on niche housing associations. The company’s software is a crucial enabler of digital transformation in the sector.
The Addleshaw Goddard team, led by partner Dr Hubertus Schröder and associate Fabian Neppessen (both Corporate/M&A, Hamburg) included partners Nadine Bourgeois (Finance) and Janik Gossler (Commercial, both Frankfurt) as well as counsel Jens Peters (employment), Dr Staffan Wegdell (real estate) and Yves-Alexander Wolff (IP, all Hamburg).
The acquisition was led by Banyan’s German-speaking team; Graham Carney (UK & European M&A Director) and Julian Mick (DACH Corporate Development Director).
Addleshaw Goddard has deep expertise in the technology sector and regularly advises software companies on transactions. As such, the international sector group also supports Banyan Software in other jurisdictions such as the United Kingdom.