Milbank LLP advised Altor on the acquisition of a majority stake in F24 from Hg Capital. F24's management will reinvest and Hg will retain a minority stake in the company. F24 is the leading SaaS provider of crisis management and business resilience software in Europe. This partnership positions F24 for accelerated growth and further regional expansion.
F24, founded in 2000 in Munich, Germany, has established itself as a trusted partner for more than 5,200 customers worldwide. Its solutions cover emergency and mass notification, incident and crisis management, business messaging and service notification, as well as governance, risk, and compliance.
Since inception, the family of Altor funds has raised more than EUR 11 billion in total commitments. The funds have invested in nearly 100 companies. The investments have been made in medium-sized predominantly Nordic and DACH companies with the aim to create value through growth initiatives and operational improvements.
The Milbank team advising Altor was led by partners Norbert Rieger and Leopold Riedl (both Corporate) and included partners Matthias Schell (Tax) and Alexander Rinne (Antitrust), special counsel Nils Bremer (Antitrust) and associates Alexandra Prato, Lana Bierstedt, Steffen Post, Steven Buschle, Maximilian Hirschfeld (all Corporate), Lara Milione, Miriam Arimond (both Finance), Jana-Sophie Enders (Antitrust) and Elisabeth Wöhrle, Arne Hammerich and Christoph Wolf (all Tax).
