Morrison Foerster advised Berlin-based private equity company Elvaston Capital Management on its sale of Magnolia, a leading software provider in the global market for digital experience and content management, to investment company GENUI.
The team led by partner Dr. Jörg Meissner and counsel Tobias Hoppe advised Elvaston Capital Management on the entire transaction, including all corporate, IP/IT, tax, and data protection aspects.
Elvaston acquired a majority stake in Magnolia in 2017 and accompanied the company through an extremely positive and fast-growing phase. "We are pleased that the company will now take the next steps with GENUI," said Dr. Oliver Thum, Managing Partner at Elvaston.
The purchase price and other transaction details were not disclosed.
Elvaston Capital Management is an entrepreneurial investment company specializing in investments in small-to-medium sized enterprise software companies in Europe. Morrison Foerster regularly counsels Elvaston and advised on its acquisitions of Docufy, the Select Line group, proLogistik, and dataglobal, amongst others.
Morrison Foerster and Walder Wyss (Legal Switzerland) acted as advisors to Elvaston on the transaction. GENUI was advised by CMS (Legal) and Bär & Karrer (Structuring).
The Morrison Foerster deal team was led by corporate/M&A partner Dr. Jörg Meißner and counsel Tobias Hoppe, tax counsel Lukas Kawka, privacy + data security senior associate Philip Radlanski, and technology transactions/IP associate Jacqueline Madeleine Feigl.