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Allen & Overy advises Hg on the sale of STP Group to Bregal

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Stuehler Dominik
Dominik Stühler



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Terstiege Kai
Dr Kai Terstiege



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Hoppe Tobias
Tobias Hoppe

Senior Associate | Innovation Manager Germany


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Harald Klett
Harald Klett

Manager PR & Communications

Frankfurt am Main

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03 November 2020

Allen & Overy has advised Hg on its sale of STP Group, a leading DACH-based provider of legal tech solutions, to Bregal Unternehmerkapital. The transaction is subject to approval by the relevant competition authorities. Closing of the transaction is expected later this year.

Founded in 1993 and headquartered in Karlsruhe, Germany, STP is a leading one-stop shop solution provider, empowering the digitisation of insolvency and legal practitioners. It provides a fully integrated legal tech platform comprising workflow automation, ERP software, specialist technical outsourcing and data businesses. STP’s solutions are deeply embedded in the insolvency ecosystem and commercial law segment, with a dedicated full-suite offering. The business employs around 200 people and serves over 1,800 customers with critical software and services for their daily workflow.

Hg is Europe’s leading software investor with three investment offices based in London, Munich and New York, managing funds under management of over $30 billion and serving more than 100 highly regarded institutional investors. Hg has approx. 200 employees representing the largest technology investment team in Europe investing in software and services companies supporting their long-term growth. Hg has led over 150 investments in the software and services sector during the last 25 years in predominately Northern European headquartered businesses often with a global footprint and customer base.

The Allen & Overy team was led by partner Dominik Stühler and counsel Dr Kai Terstiege (both Private Equity, Munich). Further and specialist advice was provided by partners Dr Ulrich Baumgartner (Data Protection, Munich), Dr Jens Matthes (IP, Düsseldorf), Thomas Neubaum (Banking & Finance, Frankfurt) and Dr Heike Weber (Tax, Frankfurt), as well as counsel Dr René Galle (Antitrust, Hamburg), and senior associates Tobias Hoppe (Private Equity, Munich), Dr Sebastian Schulz (Employment, Frankfurt), Dr Eleni Alexiou, Dr Tina Gausling (both Data Protection, Munich) and Dr Thomas Dieker (Tax, Frankfurt). Furthermore, the team comprised associates Sören Burdinski (Antitrust, Hamburg), Can Altan and Louisa Drewniok (both Banking & Finance, Frankfurt), Anna Kräling and Melissa Baudewig (both IP, Düsseldorf).