GvW Graf von Westphalen has advised the shareholders of STAGIL GmbH on the sale of the company to TIMETOACT GROUP, a portfolio company of funds advised by Equistone Partners Europe, as well as former STAGIL managing director Björn Frauen on the investment in TIMETOACT GROUP. The contracting parties agreed not to disclose details of the transaction.
STAGIL GmbH is one of the largest Atlassian Platinum and Enterprise Solution Partners in Germany. The company, with locations in Germany and the USA, supports teams from diverse industries, of various sizes and areas around Atlassian products such as Jira, Confluence and Bitbucket.
As a result of the acquisition of STAGIL GmbH, TIMETOACT GROUP, with its own Atlassian consulting portfolio catworkx, rises to become one of the most important Atlassian consulting firms. In addition to catworkx, TIMETOACT GROUP, which has more than 1,200 employees at around 20 locations worldwide, also includes several other IT companies that specialize in high-quality IT services for high-end medium-sized businesses, corporations and the public sector.
The shareholders of shareholders of STAGIL GmbH were advised on this transaction by Titus Walek, Alexander Metz (both M&A), Karsten Kujath (employment law), Dr Frank Tschesche, Andreas Schmittknecht (both tax law) and Dr Joachim Mulch (IP).
GvW Graf von Westphalen advised the transmission system operator 50Hertz on the award of a major contract for the North Sea Connector 2 offshore grid connection project. The project involves the planning, construction, installation and commissioning of a converter system comprising an offshore converter platform in the North Sea and an onshore converter station in Mecklenburg-Western Pomerania. The North Sea Connector 2 project is intended to connect offshore wind farms in the North Sea to the German electricity grid in future.
GvW Graf von Westphalen has advised Primepulse and Vsquared Ventures on the Series C financing round of NEURA Robotics GmbH. The transaction ranks among the largest venture financing rounds in the European startup ecosystem to date.
GvW Graf von Westphalen has advised Ethereal Space, Inc., a pioneering commercial space company, on space and satellite law matters and the establishment of its affiliate Ethereal Space GmbH.
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