Allen & Overy advises Bridgepoint on the acquisition of a majority stake in PTV Group from Porsche SE
20 October 2021
Allen & Overy has advised private equity house Bridgepoint on the acquisition of a majority stake in PTV Group ("PTV"), a leading global software company for traffic simulation and planning as well as provider of optimisation solutions for transport logistics. The previous owner Porsche Automobil Holding SE ("Porsche SE") will retain a significant minority stake in the company. The parties have agreed not to disclose the purchase price.
The partnership between Bridgepoint and Porsche SE aims to further expand PTV's position as the world's leading software provider for intelligent and environmentally friendly mobility. With more than 40 years of experience in the fields of mobility and logistics, the Karlsruhe-based company provides software products including micro- and macroscopic modelling and simulation of traffic, real-time traffic management as well as data-based visualisation and analysis of traffic flows - to benefit more than 2,500 cities and municipalities - all based on proprietary traffic algorithms. In addition, PTV is one of the leading companies providing software for the planning and optimisation of logistics processes, especially in the route optimisation space.
The transaction is subject to customary competition and regulatory clearances.
The Allen & Overy team consisted of partners Dr Astrid Krueger (Munich) and Dr Nils Koffka (Hamburg), counsel Dr Roman Kasten (Frankfurt) and senior associate Dr Sebastian Remberg (Hamburg, all Private Equity).
Further and specialist advice was provided by partners Dr Udo Olgemoeller (Public Law, Frankfurt), Dr Boerries Ahrens (Hamburg) Alasdair Balfour (both Antitrust, London), Dr Heike Weber (Tax, Frankfurt), Dr Jens Matthes (IP/IT, Dusseldorf), counsels Marie-Luise von Buchwaldt (Corporate, Hamburg), Dr Tim Mueller (Compliance, Frankfurt) and Dr Sebastian Schulz (Employment, Frankfurt), Dr Marcus Mackensen (Private Equity, Hamburg), Dr Ioannis Thanos (Antitrust, Hamburg), Tina Gausling (Data protection, Munich), as well as associates Anna Kraeling (IP/IT, Dusseldorf), Dr Stephan Buehner (Public Law, Frankfurt), Laura Reuther (Frankfurt), Maximilian Steinhoff (Hamburg), Adriana Worms (Munich, all Private Equity), Dr Jana Mansen (Corporate, Dusseldorf), Dr Philipp Steinhaeuser (Antitrust, Hamburg), Barbara Angene (Employment, Frankfurt), Dr Jasmin Hense (Compliance, Frankfurt), Hauke Jung (Real Estate, Hamburg) and transaction officer Dario Barbato (TSU, Hamburg).
Local law advice was provided related to: French law matters by counsels Luc Lamblin and Susan Ekrami, senior associate Hélène Laurent, associates Pauline Choplin, Louis Falgas and Antoine Messent (all Paris); US law matters by associates Pierce Young (New York) and Ernesto Alvarado (Washington D.C.); Luxembourg law matters by partner Fabian Beullekens and senior associate Pol Theisen (Luxembourg); Dutch law matters by associate Fleur le Roy (Amsterdam) and Dubai law matters by associate Christian Parker (Dubai).