With a team of legal professionals from several offices led by Frankfurt-based partner Dr. Günther M. Bredow, Heuking Kühn Lüer Wojtek advised investment firm fronttrail Equity Partners on the acquisition of a strong minority stake in Aachen-based software specialist aixigo AG. The stake was acquired from the existing shareholders by way of a combination of share purchase and capital increase in the tens of millions of euros.
aixigo AG is a leading provider of infrastructure software in digital asset management for financial services providers in Germany, Austria, and Switzerland, as well as in France, the Benelux countries, and the United Kingdom. Clients include Commerzbank, BNP Paribas, Vontobel, Haspa, Investify, Targobank, DAB Bank, and MLP.
The stake was acquired by a Luxemburg-based special purpose entity of various European institutional investors, family offices, and private individuals under the management of frontrail Equity Partners, headquartered in Wollerau/Switzerland.
fronttrail, founded by Urs Ehrismann, invests in mature European software companies that have been in business for 5 to 20 years, have an established software product in use with various major customers, and generate sales between EUR 5 million and EUR 20 million. Transactions include expansion financing and acquisitions from existing shareholders in the EUR 5 million to EUR 20 million range or higher. fronttrail actively assists its portfolio companies to achieve their operational, financial, and strategic goals.
Heuking Kühn Lüer Wojtek performed the legal due diligence, advised on designing and implementing the transaction, and supported in the negotiations.
Counsel to fronttrail:
Heuking Kühn Lüer Wojtek
Dr. Günther M. Bredow (Lead)
Alexander J. Thum (all Corporate / M&A)
Dr. Ali Şahin
Dr. Ubbo Aßmus (both IT Law)
Bernd Weller (Employment, all Frankfurt)
Kai Runkel (Trademark, Cologne)
PKF Fasselt Schlage
Marcus Jüngling (Finance, Frankfurt)
Eric Strauss (Finance, Frankfurt)
Horst Wörner (Tax, Frankfurt)
Dr. Dominic Paschke (Tax, Frankfurt)
KMC Kroll Management & Consulting
Axel Kroll (Operations, Berlin)
Alexander Aptus (Technology, Stuttgart)
fronttrail Equity Partners
Urs Ehrismann, General Manager