P+P advises EQT on acquisition of software company SUSE
Swedish private equity investor EQT acquired the world's leading open source software provider SUSE. P+P Pöllath + Partners advised EQT on the transaction.
Headquartered in Nuremberg, SUSE is a pioneer in open source software. With sales of US$ 320 million in 2017 and approximately 1,400 employees worldwide, SUSE is a leader in infrastructure and application delivery solutions. SUSE's reliable products and support services help customers manage complexity, reduce costs and guarantee processes critical for business.
EQT is a Swedish financial investor company, specializing in growth-oriented companies. EQT is primarily active in Europe, Asia and North America and supports companies in their sustainable expansion in the market. EQT aims to further expand SUSE's long-term growth and innovation.
P+P Pöllath + Partners provided legal and tax advice to EQT regarding the management participation with the following Munich team:
- Benedikt Hohaus (partner, M&A/private equity, management participation)
- Barbara Koch-Schulte (partner, M&A/private equity, tax law, management participation)
- Lorena Joana Echarri (associate, M&A/private equity, tax law, management participation)
P+P regularly advises EQT, e.g., on the sale of SAG to SPIE, the sale of BSN medical to the Swedish company SCA or the sale of CBR to Alteri Investors in Great Britain