MoFo News Item

Morrison & Foerster Advises Elvaston on Sale of GUS Group

19 Nov 2020

BERLIN – July 6, 2020. Elvaston Capital Management, with headquarters in Berlin, was advised by Morrison & Foerster LLP on the sale of GUS Group to Munich-based Bregal Unternehmerkapital. The team around partner Dr. Jörg Meißner comprehensively advised Elvaston Capital Management on the entire transaction, including all aspects of corporate, antitrust, foreign investment laws, and tax law.

GUS Group has been active for 40 years in the area of ERP software and is among the leading providers of integrated software solutions for the medium-sized process industry in the DACH region. With more than 380 employees at 14 locations in Germany and Austria, GUS Group achieves an annual turnover of around €50 million and currently advises some 1,200 customers.

Elvaston Capital Management is an entrepreneurial private equity firm that specializes in investments in small and medium-sized enterprises in German-speaking countries, and especially in the technology sector. Morrison & Foerster works regularly for Elvaston Capital Management, and most recently advised them, among other instances, on the acquisition of the Austrian HR services software manufacturer Infoniqa, German ERP software provider Step Ahead, and xdot GmbH, a service provider for cloud and managed services.

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