June 2026 – Kinstellar has advised cleversoft group, a leading cloud-based RegTech provider backed by Levine Leichtman Capital Partners (LLCP), on its acquisition of FAIT Internet Software, a Vienna-based provider of digital investment advisory and portfolio management solutions.
Headquartered in Munich, Germany, and with offices in Frankfurt, Luxembourg, Amsterdam, The Hague, Malta, Sofia, Seville, Istanbul, Dubai, and Kuwait, cleversoft provides more than 1,200 financial institutions worldwide with automated solutions to optimize business-critical compliance processes.
The transaction marks an important step in cleversoft’s strategic expansion into WealthTech and enhances its offering towards an integrated WealthTech and RegTech platform. By combining FAIT’s front-end advisory capabilities with cleversoft’s established compliance and regulatory solutions, the group strengthens its ability to deliver end-to-end, technology-driven workflows to financial institutions.
FAIT serves approximately 50 banks and insurance companies in Austria and has built strong expertise in digital securities advisory and portfolio management solutions. The acquisition further strengthens cleversoft’s position in the DACH region and supports its continued growth across European financial markets.
The transaction is subject to customary regulatory approvals and is expected to close later in 2026.
The Kinstellar team was led by Philipp Kapl (Partner, lead) and Johannes Varga (Senior Associate). Sebastian Reiter (Partner) and Agnes Lackenberger (Senior Associate) advised on FDI aspects. Further team members included Laurenz Liedermann (Partner), Markus Taufner (Partner), Harald Strahberger (Partner), Benedikt Sprinzl (Partner), Sandra Seldte (Counsel), Svetlana Ruzicic (Associate), Florian Sesztak (Associate), and Sang Wha Lee (Head of Korea Desk).
Kinstellar provided legal advice on the Austrian aspects of the transaction as part of an integrated team with lead counsel McDermott Will & Schulte. The McDermott Will & Schulte team was led by Holger Ebersberger and Thomas Diekmann.