International law firm Bird & Bird has recently advised Danish IT company itm8 Holding A/S on the acquisition of all shares in the German limited liability company C.B.C. Computer Business Center GmbH, Frankfurt (“CBC“) with its German subsidiary itm8 Germany Holding GmbH (“itm8“). The closing of the transaction is subject to merger control clearance.
Steered by private equity funds Axcel (Axcel Fund VI), whose general partner is Axcel VI GP Aps, itm8 is a leading player in the IT sector by enabling solutions for cloud services, digital transformation, application services, and cyber security. The Axcel funds specialise in investments in medium-sized companies in the Nordic region. This investment expands itm8’s and Axcel’s footprint in Germany.
CBC is active in the development of software and the provision of all services required for the design and maintenance of IT systems, in particular managed service on demand (software) as well as the trade, rental, maintenance and servicing of computers and IT components (hardware).
Itm8 was advised by the following Bird & Bird lawyers: partner Stefan Münch (lead), Counsel Janine Lanfermann-Schmid, associate Kilian Hummel, Counsel Dr. Christina Lorenz (all Corporate, Munich), partner Dr. Ralph Panzer, associate Cara-Marlene Fuchs and Counsel Sandy Gerlach (all Employment, Munich), associate Alisa Paselk (Employment, Düsseldorf), partner Dr. Henriette Picot, associate Thomas Magosch, Counsel Michaela von Voß and associate Paulina Jacob (all Commercial, Munich), partner Dr. Stephan Waldheim, associate Tamy Tietze, associate Maren Steiert (all Merger Control, Düsseldorf), partner Johannes Wirtz and associate Timo Förster (both Finance, Frankfurt), partner Rolf Schmich and Counsel Michael Brüggemann (both Tax, Frankfurt), partner Mette Jakobsen (lead), partner Morten Rosenmejer, associate Kristoffer Saugman, (all Corporate, Copenhagen), partner Morten Nissen and associate Nanna Krabbe (both Merger Control, Copenhagen), partner Jesper Langemark (Commercial) and partner Ivan Kisely (Merger Control, Bratislava).
