Kirkland Advises Carlyle on Takeover Offer for SNP

Kirkland & Ellis has advised Carlyle on entering into an investment agreement with SNP Schneider-Neureither & Partner SE (“SNP”) and the voluntary public takeover offer for all outstanding shares of SNP.

Carlyle also concluded a share purchase agreement for approx. 65% of SNP’s shares with the majority shareholder of SNP, Mr Wolfgang Marguerre, and entered into irrevocable undertakings for further approx. 11% of SNP’s shares with other shareholders as part of the transaction.

The transaction is subject to customary antitrust and foreign investment control approvals.

SNP is a leading global provider of software and consulting services for digital transformation, automated data migration and data management with a focus on the SAP ecosystem. The business headquartered in Heidelberg, Germany, works with more than 3,000 global customers of all sizes and in all industries, including 20 of the DAX 40 and over 100 of the Fortune 500 and generated revenues of €203.4 million in the 2023 fiscal year. The SNP Group has more than 1,500 employees worldwide at over 35 locations in 20 countries.

The Kirkland team included corporate lawyers Benjamin Leyendecker, Florian Sippel, Chiara Alina Schmid, Sabrina Seitz and Alexander Herzog; and debt finance lawyer Sebastian Trompler.