White & Case Advises Battery's Forterro on Acquisition of ERP Vendor abas Software
Global law firm White & Case LLP has advised Forterro, a European group of ERP software companies backed by Battery Ventures, on its acquisition of abas Software AG.
The transaction marks Forterro's eighth European ERP software acquisition, and represents its initial entry into the German market. Forterro's strategic goal is to strengthen the position of abas as an international leader in manufacturing ERP. The transaction is subject to approval by German antitrust authorities.
Headquartered in Austin, Texas, US, Forterro is a group of companies that delivers ERP software to SMEs in specific geographic or vertical markets. The group is backed by global investment firm Battery Ventures and operates business units in Sweden, Switzerland, France and Poland, as well as regional office locations and research and development centers around the world.
Founded in 1983, Battery Ventures backs companies at stages ranging from seed to private equity and invests globally from offices in Boston, the San Francisco Bay Area, London, Israel and New York.
Abas, a leading global provider of ERP solutions, was founded in 1980 and provides a complete ERP portfolio to approximately 4,000 midmarket manufacturing and trading companies worldwide. Today, the company headquartered in Karlsruhe, Germany and employs 450 people.
The White & Case team which advised on the transaction was co-led by partner Stefan Koch and local partner Jan Ole Eichstädt (both Frankfurt), and included partners Justus Herrlinger (Hamburg) and Bodo Bender (Frankfurt), local partners Thyl Hassler (Düsseldorf), Andreas Lischka, Tim Bracksiek and Michael Leicht (all Frankfurt), associates Paul Kohlhaas, Christian Sperling, Julia Cornelius (both Frankfurt), Sebastian Stütze (Hamburg) and David Pamer (Berlin), and senior transaction lawyer Alexander Hansen Díaz (Frankfurt).
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