Morrison Foerster Advises Convotis Group on the Sale of its SAP Business Unit to Aricoma
Morrison Foerster (MoFo) has advised Convotis Group (Convotis), a portfolio company of Berlin-based private equity firm Elvaston Capital Management, on the sale of its SAP business unit to Aricoma. Convotis, based in Düsseldorf, is a leading European digital solutions and IT services provider. Its portfolio spans the design and development of scalable digital platforms, the secure integration of artificial intelligence into existing business processes, and the compliant operation of sovereign cloud environments.
Against the backdrop of increasing regulatory requirements and growing demand for sovereign and secure cloud solutions, Convotis is concentrating its investments, innovation efforts, and management capacity on technology areas that deliver the highest long-term strategic value for enterprises and public-sector organisations. The sold SAP business unit, with teams in Austria and Slovenia, is a leading SAP partner in the region and has been recognized as the No. 1 SAP business partner in Slovenia.
Aricoma is a leading provider of enterprise IT solutions, offering services across IT infrastructure, cloud, enterprise applications, and cybersecurity. The acquisition strengthens Aricoma’s position in Slovenia and Austria.
Elvaston Capital Management is an entrepreneurial private equity firm specializing in investments in technology and enterprise software companies.
The MoFo team was led by partner Jörg Meißner and counsel Tobias Hoppe also included: Monika Eva Obal, counsel (all Corporate/PE/M&A), Felix Helmstädter, partner (Investment Control), and Jens Hackl, counsel (Antitrust).
Jörg MeißnerPartner
Tobias HoppeCounsel
Monika Eva ObalCounsel
Felix HelmstädterPartner
Jens HacklCounsel