Milbank LLP has advised the shareholders of LucaNet AG, an international provider of financial consolidation and planning software, on entering into a strategic partnership with investor Hg. Hg will invest a majority stake in the business alongside the current majority shareholders – Rolf-Jürgen Moll, Oliver Schmitz, and Dominik Duchon – who will maintain a substantial minority share. The transaction is subject to clearance by the relevant antitrust authorities.
Founded in 1999, LucaNet began to create a one-stop-shop software solution, bringing together financial control, planning and consolidation. Since then, the company has evolved into a leader in its core segment – the office of the CFO for mid-sized companies – globally. With a customer base of more than 3,500 organizations in over 50 countries, offices in China, Singapore, and the Americas as well as a strong European base, LucaNet employs around 500 people worldwide.
The Milbank team was led by partners Michael Bernhardt and Leopold Riedl (joint lead), and included associates Johannes Wohlmuth, Leonard Mittmann, Dennis Amiri (all Frankfurt), associates Wenzel Richter, Manuel Bogenreuther (both Munich, all Corporate/M&A), partner Matthias Schell, associates Arne Hammerich, Julian Werka (all Tax, Munich), partner Alexander Rinne and associate Stefanie Gschoßmann (both Antitrust & Competition, Munich).
