Milbank LLP advised Hg on its investment in JTL-Software-GmbH ("JTL-Software"). JTL-Software is a leading provider of ERP software specializing in e-commerce solutions for small and medium-sized businesses.
Hg is a globally acting private equity investor that invests in software and services companies with an investment focus on businesses that modernize business operations. Through specialization in core sectors, complemented by vertical application specialization and operational support, Hg provides support to entrepreneurs and managers looking to scale their businesses. With a strong European network and a presence in North America, Hg's 400 employees and $65 billion in assets under management support a portfolio of more than 50 companies.
JTL-Software is a provider of innovative ERP software for multichannel commerce. With more than 50,000 customers and over 500 partners in Germany, Austria and Switzerland, JTL-Software is one of the leading manufacturers of e-commerce software in the DACH region. Hg's investment includes a strategic partnership between Hg, the founders of JTL-Software and the management of JTL-Software to support JTL-Software in the next phase of its growth. Hg will support JTL-Software to continue its product development in SaaS and facilitate its expansion in other regions as well as in related sectors.
The Milbank team that comprehensively advised Hg on the transaction was led by partners Norbert Rieger and Sebastian Heim (both Corporate/M&A) and included partners Thomas Kleinheisterkamp (Tax), Alexander Rinne (Antitrust) and Thomas Ingenhoven (Finance), special counsel Andrea Eggenstein (Corporate/M&A) and Moritz Lichtenegger (Antitrust) and associates Markus Lutterotti, Mahmood Kawany, Julian Jaschinski, Lucas Stumpf (all Corporate/M&A), Susanne Baier (Finance) and Marlies Zeck (Antitrust).
