Tech & Product DD | Acquisition | Code & Co. advises Bregal Unternehmerkapital on STP
Tech & Product DD
Legal Tech

Code & Co. advises Bregal Unternehmerkapital on the acquisition of STP, a leading Legal Tech software provider, from Hg Capital

Code & Co. provides Technical & Product Due Diligence to Bregal Unternehmerkapital on the acquisition from Hg Capital.

Munich/Karlsruhe ,
  • Bregal Unternehmerkapital acquires STP, a leading DACH-based provider of legal tech solutions, from Hg Capital.
  • STP is a one-stop shop solution provider, empowering the digitization of insolvency and legal practitioners.
  • Code & Co. advises Bregal Unternehmerkapital on Tech & Product Due Diligence.

Bregal Unternehmerkapital, part of a multi-generational family-owned business that specializes in majority and minority holdings, especially in mid-sized companies – the "Mittelstand" – in the DACH region, acquires Legal Tech software provider STP.

Founded in 1993 and headquartered in Karlsruhe, Germany, STP empowers the digitization of insolvency and legal practitioners by providing a fully integrated platform comprising workflow automation, ERP software, data management software, specialist technical outsourcing, and legal data. Its dedicated full-suite offering is deeply embedded in the German insolvency ecosystem and commercial law segment. The business employs approximately 200 people, serving over 1,800 customers with mission-critical software and services for their daily workflows.

Code & Co. advised Bregal Unternehmerkapital on the Tech & Product Due Diligence of its acquisition. Code & Co. assessed STP's product, technology, and engineering capabilities with a focus on the company's software architecture and infrastructure, technology stack, cloud strategy, and product vision.

This transaction exemplifies Code & Co.'s position as an established technology and product advisor on private equity mandates to clients across Europe.


Code & Co. is an independent advisory firm specialized in advising funds in the global alternative investment industry. Our expertise is modern and holistic technology and product due diligence. From outside-in audits and confirmatory due diligence to portfolio audits, exit preparation, and vendor due diligence, we provide our clients with crucial insight across the entire investment life cycle.