Allen & Overy advises Bridgepoint and PTV on the acquisition of a majority stake in Econolite
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Frankfurt am Main
15 March 2022
Econolite and PTV, a leading global software company for traffic simulation and planning as well as provider of optimisation solutions for transport logistics, will join forces under the umbrella of a newly formed mobility&logistics holding to provide hardware, software and services for the smart cities of the future: from planning and simulation to design, implementation, operation, optimization and maintenance of smart mobility systems. The holding will serve as a platform for active innovation and advanced offerings in the market for smart and sustainable mobility solutions in line with the large growth potential of the sector.
The partners have agreed not to disclose financial details of the transaction. The transaction is subject to regulatory.
An Allen & Overy team has also advised Bridgepoint also on the acquisition of the majority stake in the PTV Group from Porsche SE. This transaction was closed on January 31, 2022.
The German Allen & Overy team consists of partner Dr Nils Koffka (Hamburg), counsels Dr Roman Kasten (Frankfurt) and Dr Sebastian Remberg, senior associates Dr Sebastian Remberg, Dr Marcus Mackensen (Private Equity) and Dr Ioannis Thanos (Antitrust, both Hamburg), associates Laura Reuther (Frankfurt) and Maximilian Steinhoff (Hamburg) as well as senior legal specialist Peter McParland (Belfast, all Private Equity).
American law advice is provided by partner Nick Marchica (Private Equity), Ken Rivlin (Corporate/M&A), Brian Jebb (Employment & Benefits), Elaine Johnston (Antitrust, all New York), Sam Kamyans (Banking & Finance) and Jonathan Lopez (Litigation), senior counsel C. Wallace DeWitt (Capital Markets, all Washington), associates Andrew Levey, Matthew Andonian, Paulina Evans (all Private Equity), Kevin Leitao (Corporate/M&A), Eun Joo Hwang, Puja Patel (both antitrust), Rachel Lee (Employment & Benefits), Jorge Coronel (Banking & Finance), John Hibbard (Tax), Brendan Holman, Nick Ognibene (both Regulatory, all New York), Christine Liu (Regulatory) and Ernesto Alvarado (Litigation, both Washington), law clerks Lucy Chen, Chynna Foucek (both Corporate/M&A), Gina Marini (Employment & Benefits, all New York). In addition, a team from the firm's London office advises on financing issues.