Bad Homburg/Munich/Frankfurt, Germany, August 16, 2018 – Bryan Cave Leighton Paisner’s Frankfurt and Hamburg M&A team, under the leadership of Dr. Tobias Fenck, advised the shareholders of iQuest on the sale of a majority stake to Allgeier SE. The international IT-service provider iQuest, based in Bad Homburg, sold two thirds of its shares to the Munich technology group Allgeier SE. iQuest will continue to work independently but closely with the Allgeier Group.
With this transaction, Allgeier SE as one of the leading IT corporations in the German-speaking area consolidates its presence in Europe, expands its competence in the development of complex software solutions for critical business processes and continues the group’s international expansion. The transaction is subject to approval from the German Federal Cartel Office and other closing obligations. The share purchase agreement is expected to close in the next few weeks.
iQuest is an international IT services and solutions provider with more than 20 years of experience in delivering an extensive portfolio of personalized software solutions, products and integration services. By successfully combining technical expertise and excellence in services, iQuest brings long-term value to leading companies in life sciences, telecom, financial services, transport and energy. Headquartered in Germany, iQuest has local teams in Poland, Switzerland, Romania and the US, currently employing more than 650 employees.
Allgeier SE is one of the leading IT companies for digital transformation. The Munich-based group has locations in 23 countries on five continents and more than 9,000 employees worldwide, including 5,500 high-end software developers and more than 1,000 SAP and Microsoft consultants at locations all over Europe, the US, Mexico, Japan, Australia, India, Singapore, Malaysia, Vietnam and China. Some of the world’s largest companies, including Siemens, GE, Intel, Google, IBM, Lufthansa, Pfizer, Allianz, AT&T, Audi, BMW and Daimler, benefit from the Allgeier Group’s entire IT service spectrum, from onsite to nearshore to offshore.
Advisers to iQuest-Group
Bryan Cave Leighton Paisner, Frankfurt
Dr. Tobias Fenck, Managing Partner (Lead, Corporate, M&A, Private Equity)
Christian Müller, Associate (Corporate, M&A, Private Equity)
Markus Beyer, Associate (Corporate, M&A, Private Equity)
Robert Schindler, Associate (Corporate, M&A, Private Equity)
Bryan Cave Leighton Paisner, Hamburg
Dominik Weiß, Counsel (IP)
About Bryan Cave Leighton Paisner LLP
With over 1,400 lawyers in 32 offices across North America, Europe, the Middle East and Asia, Bryan Cave Leighton Paisner LLP is a fully integrated global law firm that provides clients with connected legal advice, wherever and whenever they need it. The firm is known for its relationship-driven, collaborative culture, diverse legal experience and industry-shaping innovation and offers clients one of the most active M&A, real estate, financial services, litigation and corporate risk practices in the world.
Dr. Tobias Fenck
Rechtsanwalt, Managing Partner
Bryan Cave Leighton Paisner LLP, Frankfurt
Tel.: +49 (69) 50 95 14 11 04
Bryan Cave Leighton Paisner LLP, Hamburg
Tel.: +49 (40) 30 33 16 147