Genesis Completes Majority Stake Acquisition in LLP Group
Deal News | Jan 23, 2025 | CEE Legal Matters
Genesis Growth Equity Fund I has successfully acquired a majority stake in LLP Group, a specialized business software consultancy. The transaction was facilitated by legal advisories from Kinstellar, teaming with the Luxembourg-based firm Brouxel & Rabia, while Wolf Theiss, with the assistance of Ashurst, represented the sellers. As part of the acquisition agreement, LLP Group's founders and shareholders will continue to hold a minority interest in the firm, with Tim Smulders stepping into the role of CEO. The transaction highlights Genesis Growth's strategic expansion in the business software solutions sector, aligning with its previous investments. The Kinstellar legal team handling the transaction was headed by Partner Jan Juroska, with significant contributions from Managing Associates Michal Kniz and Petr Bratsky, Specialist Anna Marciano, and Junior Associates Zuzana Konecna and Paul Valka. On the sellers’ side, Wolf Theiss' representation included Counsel Tereza Naucova, Senior Associate Michal Matous, and Associate Maros Kandrik.
Sectors
- Private Equity
- Software and IT Services
Geography
- Luxembourg – Brouxel & Rabia, a Luxembourg-based firm, was involved in advising Genesis Growth Equity Fund I.
- Central and Eastern Europe – The advisory firms involved, such as Kinstellar and Wolf Theiss, have strong regional presence in Central and Eastern Europe.
Industry
- Private Equity – The transaction involves Genesis Growth Equity Fund I, a private equity firm, acquiring a stake in LLP Group, indicative of private equity activities.
- Software and IT Services – LLP Group, the target company, specializes in business software consultancy, focusing on financial and enterprise asset management solutions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Genesis Growth Equity Fund I | Bidding Company | Company | A private equity firm acquiring a majority stake in LLP Group. |
| LLP Group | Target Company | Company | A business software consultancy firm specializing in financial and enterprise asset management solutions. |
| Kinstellar | Legal Advisor | Company | Provided legal advisory services to Genesis Growth Equity Fund I during the acquisition. |
| Wolf Theiss | Legal Advisor | Company | Advised the sellers in the transaction. |
| Brouxel & Rabia | Legal Advisor | Company | A Luxembourg-based legal firm working with Kinstellar to advise Genesis Growth Equity Fund I. |
| Ashurst | Legal Advisor | Company | Worked with Wolf Theiss in advising the sellers. |
| Adam Bager, Tim Smulders, Barbara Dreska, and Jiri Stiller | Selling Company | People | Founders and shareholders of LLP Group selling a majority stake. |
| Tim Smulders | CEO | Person | Appointed CEO of LLP Group as part of the acquisition agreement. |