SORBA: Financing Secured with Berenberg's Leading Financial Insights
Deal News | Jan 03, 2025 | Goodwin
Goodwin has provided advisory services to Joh. Berenberg, Gossler & Co. KG ('Berenberg'), focusing on the super senior aspects of the financing tied to the acquisition of SORBA EDV AG ('SORBA'). SORBA is renowned for its construction software services in Switzerland and was acquired by the BuildTec Software Group, a portfolio company of Bregal Unternehmerkapital. Founded in 1590, Berenberg is a prestigious private bank rooted in Europe with a significant presence in major global financial hubs. Bregal Unternehmerkapital, with 7 billion in capital raised, stands as the preeminent mid-cap investor in the DACH region. The acquisition of SORBA signifies a strategic move within the software and construction industry sectors, facilitated by the financial expertise and capabilities of both Berenberg and Bregal Unternehmerkapital.
Sectors
- Financial Services
- Construction Software
- Private Equity
Geography
- Switzerland – Home country of the target company, SORBA, a leading provider of construction software.
- Germany – Location of Berenberg's headquarters and part of Bregal Unternehmerkapital's operational jurisdictions.
- DACH Region – The region where Bregal, the largest mid-cap investor, primarily operates, covering Germany, Austria, and Switzerland.
Industry
- Financial Services – The article discusses Berenberg's role in providing financial advisory services and super senior financing characteristics in the acquisition of SORBA.
- Construction Software – SORBA is noted as a leading provider of construction software, essential in the context of the acquisition process.
- Private Equity – Bregal Unternehmerkapital, a private equity firm, is involved in the acquisition through its portfolio company BuildTec Software Group.
Financials
- 7.0bn – The capital raised by Bregal Unternehmerkapital, highlighting its influence and capacity as a leading mid-cap investor.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| SORBA EDV AG | Target | Company | A leading provider of construction software based in Switzerland. |
| BuildTec Software Group | Acquirer | Company | Portfolio company of Bregal Unternehmerkapital responsible for acquiring SORBA. |
| Bregal Unternehmerkapital | PE Firm | Company | Private equity firm with significant mid-cap investments in the DACH region. |
| Joh. Berenberg, Gossler & Co. KG | Financial Advisor | Company | One of Europe’s leading private banks engaged for the super senior aspects of the financing in the acquisition. |
| Goodwin | Legal Advisor | Company | Provided legal advisory services to Berenberg, focusing on private equity and finance. |