Milbank LLP has advised Levine Leichtman Capital Partners ("LLCP"), a global private equity firm, on its investment in cleversoft Group GmbH ("cleversoft"), a leading pan-European provider of mission-critical regulatory software solutions to the financial services industry, in partnership with its founder Florian Clever and management team. As a result, LLCP replaces Main Capital Partners, a firm that has invested in cleversoft since 2018.
Founded in 2004, cleversoft supports more than 700 global banks, asset managers, and insurers to efficiently navigate the ever-changing regulatory environment and ensure compliance. Headquartered in Munich, cleversoft has more than 150 employees with additional offices in Luxembourg, the Netherlands, and Bulgaria.
cleversoft will continue to be led by Florian Clever and the existing management team.
Milbank comprehensively advised LLCP on the corporate, financing and tax aspects of the transaction.
The Milbank team was led by partners Michael Bernhardt and Leopold Riedl (joint lead, both Corporate/M&A) and included partners Thomas Ingenhoven (Finance) and Matthias Schell (Tax), special counsels Sebastian Dexheimer (Corporate/M&A) and Moritz Lichtenegger (Antitrust) and associates Sarah-Maria Resch, Steven Buschle, Josephine Schuster (all Corporate/M&A), Gerrit Merkel (Finance), Arne Hammerich, Jil Windau (both Tax) and Marlies Zeck (Antitrust).
