White & Case advises Balderton Capital on intended sale of Prior Labs to SAP

Global law firm White & Case LLP has advised Balderton Capital, a major investor and lead investor of Prior Labs' previous financing round, on the intended sale of Prior Labs to SAP SE (NYSE: SAP).

Prior Labs will continue to operate as an independent entity, with SAP committing to invest more than €1 billion over the next four years to scale it into a globally leading frontier AI lab for the structured data that runs the world's businesses. Terms of the deal were not disclosed.

The transaction is still pending regulatory approval and is expected to be completed in the second or third quarter of 2026.

The White & Case team which advised on the transaction was led by partner Norman Röchert (Berlin), and included partners Bodo Bender (Frankfurt), Thilo Wienke (Düsseldorf), local partner Jochen Hoerth (Frankfurt) and associate Jasmin Bechtold (Berlin).

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