14 April 2022 Press releases

GvW advises the shareholders of LucaNet AG on PRC-law aspects of strategic partnership with Hg

GvW Graf von Westphalen has advised the shareholders of LucaNet AG, an international financial consolidation and planning software provider, on the PRC-law related aspects of the establishment of 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. Milbank LLP has acted as legal lead counsel to the shareholders of LucaNet AG. Terms of the transaction are not disclosed and closing is subject to customary regulatory approval.

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 GvW team was led by partner Dr Dominic Köstner and included the associates Huanlei YanYingci Geng, Ronnia Zheng, Mengyuan Gong and Hongyu Chen (all Corporate/M&A, Shanghai).

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