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Saturday, December 3, 2022
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Latham represents Hg on strategic investment in LucaNet

A Latham & Watkins cross-border multidisciplinary team has advised leading software and services investor HG on its strategic investment in Lucanet

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LucaNet AG, a leading Germany-headquartered financial consolidation and planning software business, has announced that it has agreed a strategic investment from Hg, a leading global software and services investor. This marks a key milestone in the company’s growth and ambition to become a global leader in Corporate Performance Management software..

Hg will invest a majority stake in the business alongside the current majority shareholders – Rolf-Jürgen Moll, Oliver Schmitz, and Dominik Duchon – who will maintain a substantial minority share and are eager to support the company in its next phase of growth.

Founded in 1999, LucaNet began with a vision to create a one-stop-shop software solution, bringing together financial control, planning and consolidation.

“LucaNet is a very high-quality business, with over 20 years of stellar growth behind it. We are thrilled to have the opportunity to partner and work alongside them. Our experience in the sector and with the product means we can see multiple opportunities for further transformational growth,” said Benedikt Joeris, partner at Hg.

Terms of the transaction were not disclosed and closing is subject to customary regulatory approval.

The Latham team was led by Frankfurt partners Oliver Felsenstein (Global Chair of the Private Equity & Investments Funds Practice) and Maximilian Platzer, with associates Sönke Bock, Michele Maurice Stephan, Annika Bilics, Hendrik Ley and Lara Stelmach, Shanghai associates Vincent Jiang and Jennifer Xu and Paris associate Lorraine Dorval. Advice was also provided on Tax matters by Munich partner Stefan Süß; on Corporate matters by Düsseldorf counsel Sebastian Goslar; on IP/IT matters by Frankfurt counsel Thies Deike with associate Pia Sösemann; on Real Estate matters by counsel Sven Nickel; on regulatory matters by associate Alexander Wilhelm; on Data Privacy matters by associates Wolf-Tassilo Böhm and Jonas Kraus; on Antitrust matters by Frankfurt partner Max Hauser with associates Anne Haas and Helena Hofmann; on Finance matters by associate Anastasia Dressler; on Litigation matters by partner Alena McCorkle and Hamburg associate Jan Sowula; on Compliance matters by Hamburg counsel Stefan Bartz and on Employment matters by Munich associate Kristina Steckermeier; on FDI matters by Paris partner Charles-Antoine Guelluy, Washington, D.C. counsel Ruchi Gill, counsel and head of the Environment, Land & Resources practice in the Madrid office José María Alonso, London associate Stephanie Adams, Milan Associate Edoardo Cassinelli and Beijing foreign legal consultant Eudora Hu.

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