Paul Hastings Advised Bregal on the Acquisition of Communardo Group

September 06, 2024

Paul Hastings (Europe) LLP advised leading European private equity investor Bregal Unternehmerkapital ("Bregal") on the acquisition of Communardo Group ("Communardo") from, inter alia, Prom12 Capital Fund I.

Communardo is a leading DACH-focused service provider in Atlassian (Platinum status) and Microsoft modern workplace solutions for upper mid-market and enterprise customers. Communardo provides end-to-end services across four revenue streams: i) professional services (e.g., training, implementation, migration, and change and adoption management), ii) license re-selling, iii) managed services, and iv) own software apps. Communardo currently employs over 320 people at ten locations in Germany, Austria, Switzerland, and Albania.

Bregal is the largest midcap investor headquartered in the DACH region, with a total of EUR 7 billion in capital raised since its establishment. The funds advised by Bregal invest in medium-sized companies based in Germany, Switzerland, Italy, and Austria.

The acquisition is subject to customary merger clearance and is expected to close in October 2024.

The Paul Hastings team was led by Private Equity/M&A partner Dr. Christopher Wolff and included Private Equity/M&A partner Christian Müller, finance partner Dr. Melchior Raiser, Real Estate partner Dr. Jan Gernoth, and Private Equity/M&A associates Julian Schmitz, Mahmood Kawany, and Carl Kostelezky as well as Real Estate associate Johanna Mayer. Tax advice was provided by Uwe Halbig.

More details on the transaction can be found here.

About Paul Hastings

With widely recognized elite teams in finance, mergers & acquisitions, private equity, restructuring and special situations, litigation, employment, and real estate, Paul Hastings is a premier law firm providing intellectual capital and superior execution globally to the world’s leading investment banks, asset managers, and corporations.