Milbank advised the shareholders of IDL Group, a fund advised by LEA Partners and a management vehicle, on the sale to insightsoftware. Backed by TA Associates and Genstar Capital and headquartered in Raleigh, North Carolina, insightsoftware is a financial and enterprise reporting solutions provider. The parties have agreed not to disclose the terms of the transaction. The consummation of the transaction is subject to antitrust clearance.
IDL is a leading provider of software applications for financial performance management headquartered in Germany, with subsidiaries in Austria, France and Switzerland. The IDL Group specializes in the development of software solutions for consolidation, planning, analysis and reporting. Since the beginning of the 1990s, more than 1,100 corporations and internationally active medium-sized companies, as well as the public sector, use IDL solutions to realize quality, time savings and increased efficiency in finance and controlling.
LEA Partners is an entrepreneurial-minded multi-stage private equity firm investing in growth technology companies that are driving transformative change in their industries. Operating out of Karlsruhe, one of Europe's largest technology clusters, LEA Partners has advised on the investment in several technology companies.
Team Milbank:
Michael Bernhardt (Lead), Sebastian Dexheimer, Andreas Rief (all Corporate/M&A, Frankfurt), Matthias Schell, Arne Hammerich (both Tax, Munich), Alexander Rinne, Moritz Lichtenegger, Matthias Riehl (all Antitrust, Munich), Odilo Wallner, Sebastian Trompler (both Finance, Frankfurt).
