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Allen & Overy advises SAP on the sale of Steeb to All for One Midmarket

 

14 November 2011

Allen & Overy LLP advises SAP AG on the sale of Steeb Anwendungssysteme GmbH to listed All for One Midmarket AG.  

Closing of the acquisition is expected to occur before the end of the year, subject to clearance by the cartel authorities among other requirements.

Steeb Anwendungssysteme GmbH and All for One Midmarket AG offer SAP software solutions for the mid-size business market where German is spoken.

The Allen & Overy team comprised partners Dr. Alexander Veith (transaction management) and Dr. Astrid Krüger, associates Dr. Sten Frenzel and Simon Schmid (all M&A/corporate, Munich), partner Dr. Ellen Braun and associate Vera Thiemann (both antitrust, Hamburg), partner Tobias Neufeld (employment and benefits, Düsseldorf) as well as partner Dr. Gottfried E. Breuninger and associate Dirk Schade (both tax, Munich).

Allen & Overy has advised SAP AG for several years now in the fields of corporate and capital markets law and on M&A transactions.  The German corporate practice for instance recently advised SAP in award proceedings following the squeeze-out of minority shareholders in SAP Systems Integrations AG (SAP SI), on the 2011 general meeting and on the Share Matching Plan.

For further information please contact Steffen Mueller, Communications, Frankfurt am Main, Tel.: 069 - 2648 5479 (Steffen.mueller@allenovery.com)

 

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