Hengeler Mueller advises Persistent Systems on business combination agreement and takeover of Nagarro

Galaxy Germany Holding SE, a wholly-owned direct subsidiary of Persistent Systems Limited, announced a voluntary public takeover offer for all outstanding shares in Nagarro SE at a cash consideration of EUR 81 per share. The voluntary public offer follows the signing of a Business Combination Agreement (BCA) between Persistent Systems Limited, Galaxy Germany Holding SE and Nagarro SE. Nagarro SE’s Management and Supervisory Board support the transaction and intend to recommend acceptance of the voluntary public takeover offer to Nagarro shareholders, subject to their review of the offer document.

Galaxy Germany Holding SE has also entered into a share purchase agreement with Lantano Beteiligungen GmbH, the investment vehicle of the largest shareholder of Nagarro, under which Lantano has agreed to sell its entire approximately 21% stake in Nagarro to the bidder at the offer price. The transaction is subject to customary regulatory approvals.

Hengeler Mueller advises Persistent Systems comprehensively on the transaction and the financing of the voluntary takeover offer.

Hengeler Mueller team for Persistent Systems

Corporate/M&A: Lucina Berger (Frankfurt), Oda Christiane Goetzke (both partner, both lead), Susanne Marie Struth (both Düsseldorf), Jonas Drögemüller (Düsseldorf), Laura Esmaty, Lukas König (both Frankfurt), Michael Mertel, Yero Sy (both Munich, all associate),

Financing: Daniela Böning, Nikolaus Vieten (both partner, both lead financing), Tobias Chowdhury (counsel), Antonius Rodewig, Simon Tänzer (both senior associate), Niclas Groos (associate, all Frankfurt),

FDI: Vera Jungkind (partner), Jan Schülting, Barbara Boytinck (both senior associate, all Düsseldorf),

Antitrust: Christoph Wilken (partner), Christian Dankerl (counsel, both Brussels), Simon Staimer (associate, Munich),

IP/IT: Matthias Rothkopf (partner), Johannes Jäkle (both Düsseldorf), Róża Grzybowska (Berlin, both senior associate), Milan Zmrzlak (associate, Düsseldorf),

Employment: Hendrik Bockenheimer (partner), Musa Müjdeci (senior associate, both Frankfurt),

Tax: Sebastian Adam (partner), Karl Hummel (associate, both Frankfurt).