Milbank LLP advised General Atlantic on the successful placement of shares in ATOSS Software SE with international institutional investors in an accelerated bookbuild offering and the concurrent settlement of a forward purchase and sale agreement entered into between General Atlantic and AOB Invest in June 2023.
General Atlantic will primarily use the proceeds from the accelerated bookbuild offering for the concurrent acquisition of approximately 5% in ATOSS under the forward purchase and sale agreement. As a result of the transaction, General Atlantic increases its stake in ATOSS to approximately 21.58%. AOB Invest remains the largest shareholder with approximately 21.59%.
ATOSS is a software market leader for professional Workforce Management (WFM) and needs-optimized personnel deployment. ATOSS is listed on the Frankfurt Stock Exchange.
General Atlantic is a leading global growth equity firm providing capital and strategic support for growth companies. General Atlantic combines a collaborative global approach, sector-specific expertise, a long-term investment horizon and a deep understanding of growth drivers to partner with great businesses and management teams to scale innovative businesses around the world.
The Milbank team was led by partner Philipp Klöckner and included partners Sebastian Heim, David Dixter and Matthias Schell, as well as special counsel Nico Feuerstein and associates Maria Schweinberger and Christian Kolb.
