POELLATH advises Egeria on acquisition of the Cpro Group

The independent investment company Egeria has acquired a stake in the Cpro Group (“Cpro”), a leading SAP consultancy for the German Mittelstand (medium-sized companies). The transaction aims to expand SAP consulting services, both through organic development of the core business and through acquisitions of smaller companies, as well as to expand industry-specific sector expertise. Cpro will focus on future-oriented topics such as SAP S/4HANA migration and RISE & GROW in the end markets of industry, consumer goods, logistics, healthcare, food, and infrastructure/utilities. The transaction is still subject to the standard regulatory approvals. POELLATH advised Egeria on tax matters in relation to the transaction.

Hamburg-based Cpro specializes in comprehensive, industry-specific SAP consulting services with a focus on SAP S/4HANA, SAP CX, and application management services. The company employs around 500 people at 13 locations. Cpro’s customer base consists primarily of medium-sized companies in sectors such as industrial production, consumer goods, food, logistics, healthcare, and infrastructure/utilities.

Egeria is an independent investment company specializing primarily in private equity, investing primarily in medium-sized companies with an enterprise value of up to EUR 350 million. Egeria’s private equity portfolio includes investments in more than 20 companies with approximately 14,000 employees and total revenues of approximately EUR 2.5 billion.

POELLATH advised Egeria on the tax aspects of the acquisition with the following Munich team:

• Dr. Michael Best (partner, tax)
• Dr. Tobias Deschenhalm (counsel, tax)