King & Wood Mallesons (KWM) has advised Marondo Capital GmbH (Marondo Capital) as well as further shareholders on the sale of all shares in Datavard AG (Datavard) to SNP Schneider-Neureither & Partner SE (SNP).
Datavard, headquartered in Heidelberg, Germany, and with other locations worldwide (in Europe, the USA and Asia), is a software and IT consulting company specializing in transformations and data management in the SAP landscape. Datavard has been active in the market for more than 20 years. Over 50 of the Global Fortune 500 and numerous DAX 30 companies are among its customers. The company generated total revenues of around EUR 17.6 million in fiscal year 2020.
Marondo is an innovative investment company for fast-growing, technology-focused companies of the next-generation of medium-sized businesses in Germany and DACH. Since 2019, Marondo has supported Datavard's successful development and was already advised by KWM on the investment.
Marondo is selling its shares to listed SNP, a leading global provider of software solutions for digital transformation processes and automated data migrations. Headquartered in Heidelberg, Germany, the company was founded in 1994 and employs around 1,600 people globally.
With the acquisition of Datavard, SNP is expanding its software portfolio to include Datavard's solutions in the areas of SAP data management and analytics. This plays a significant role in SNP's platform strategy, which allows companies to generate maximum value from their data transformation using just one software solution.
Advisors to Marondo Capital GmbH:
Dr. Michael Roos, Dr. Tilmann Becker, Julian Buhr (PSL), Simon Brandt (PSL) (all Corporate/M&A)