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Allen & Overy advises Bridgepoint and PTV on the acquisition of a majority stake in Conundra

Allen & Overy advises PTV Group ("PTV"), the global market leader for mobility and logistics software, and its shareholders Bridgepoint and Porsche SE, on the acquisition of a majority stake in Conundra B.V., a Belgian route planning software provider.

By joining forces with Conundra, PTV is pursuing its global consolidation course and further strengthening its logistics offering, as the company said in an announcement. Combining Conundra’s state-of-the-art SAAS product with PTV’s software solutions for route planning and optimization will open new opportunities for innovation and growth.

The partners have agreed not to disclose financial details of the transaction.

An Allen & Overy team had already advised Bridgepoint on the acquisition of a majority stake in PTV from Porsche SE and on the acquisition of a majority stake in Econolite by PTV.

The German Allen & Overy team includes Partner Dr. Nils Koffka, Counsel Dr. Sebastian Remberg, Senior Associate Dr. Marcus Mackensen, Associates Maximilian Steinhoff and Jonas Schuck (all Hamburg, Private Equity).

Belgian law advice is provided by Partners Wouter Van de Voorde (corporate/M&A), Peter van Dyck (IP/IT), Christian Bayart (employment law), Counsel Fee Goossens (supervisory law), Senior Associate Bart Franceus (employment law), Associates Dimas Coetsier (corporate/M&A), Nathan Rahier (employment law) and trainees Margaux Dejonghe (IP/IT), Jozefien Verbist (regulatory law) and Artur Buelens (corporate/M&A) (all Brussels/Antwerp).

In addition, a team from the firm's Amsterdam office advises on Dutch law matters.