Milbank LLP advised EQT IX on the acquisition of thinkproject from TA Associates and thinkproject’s founder Thomas Bachmaier. TA Associates, Thomas Bachmaier and the management team will re-invest significantly into thinkproject while EQT IX will hold the majority ownership. thinkproject’s management team, led by CEO Gareth Burton and CFO Ralf Gruesshaber, will continue to lead thinkproject and build on its strong track record of growth and innovation.
Founded in 2000 and headquartered in Munich, thinkproject serves more than 250.000 users in over 60 countries. Its cloud-delivered, integrated digital solutions help customers be more efficient, cost-effective and simplify their digital transformation across the construction lifecycle. The company employs around 450 people and its software is used by 2.750 customers across international private and public asset owners, project developers, and general contractors. thinkproject helps improve its customers’ delivery times, reduce waste and energy consumption, while improving sustainability in one of the key carbon emitting industries globally. Its software product suite covers the full construction lifecycle and is driving digitization in one of the largest but least digitally penetrated industries.
A Milbank team, which advised EQT IX on the transaction, was led by Steffen Oppenländer (Corporate/M&A, Munich) and included Thomas Kleinheisterkamp (Tax, Munich); Alexander Rinne (Antitrust, Munich); Fritz Schuchmann, Pascal Härdtner, Johannes Wohlmuth (all Corporate/M&A, Munich); Odilo Wallner (Finance, Frankfurt); Arne Hammerich (Tax, Munich) and Susanne Schricker (Antitrust, Munich).
